Industry Indicators: August 22 - 28th
Industry Indicators: August 22 - 28th
iLevel Logistics presents intriguing data that offers a snapshot of notable industry changes and events during the weeks of August 22nd through the 28th.
Net trailer-tractor order ratio, chip shortage, demand for commodities, intriguing trucking data, # of workers moving into transportation jobs, costs of shipping from China, China manufacturing, trucking market demand index, vaccine mandates
Demand for truck and trailers high but supply chain concerns hamper production
Source: CCJ
Chip shortage continues as Covid surges in Asia
Source: SupplyChainBrain
Demand for commodities high – the costs of shipping them increases
Source: AJOT
Intriguing Trucking Data
Source: HDT Truckinginfo
Load-to-truck ratios, spot and contract rates vary together – though by August 2020 contract rates surpassed spot rates.
Fleet size and % of total trucks owned.
Truck turnaround time in minutes – across trucking segments its dropping.
Average costs per mile of truck operation
The number of workers moving into warehouse and transportation jobs from other industries continues to rise
Source: SupplyChainDigest
Cost of shipping from China continues to increase
Source: SupplyChainBrain
After improving in spring and mid-summer, L.A. – Long Beach ports are once again experiencing major delays.
China dominates manufacturing
Source: Yahoo finance
Total market demand (as measured by truck posting loads) improved last week to highest level since late July – and substantially higher than 2020 and the five year average.
Source: FTR
Vaccines mandates across the U.S.
Source: Bloomberg
That’s all for this week. Thanks for reading.
