Industry Indicators: February 14th – 25th
iLevel Logistics presents intriguing data that offers a snapshot of notable industry changes and events during the weeks of February 14th through the 25th.
Industry Indicators: February 14th – 25th
iLevel Logistics presents intriguing data that offers a snapshot of notable industry changes and events during the weeks of February 14th through the 25th.
What’s on the docket this week?
Housing and construction material prices, grocery inflation, expected adoption rates of EVs, Venture capital investment in supply chains, trends in driver pay, used truck prices, China trade deals, new container prices, backlog of truck orders, diesel fuel prices, container dwell times in Odessa, ports clearing containers, insurance premiums costs for different fleet sizes, truck tonnage index, owner-op average haul length, oil futures, spot rates.
Housing and construction material prices move together – up and up!
Source: Cato
Eating into Budgets: Grocery Inflation – highest level in 15 years.
Source: Bloomberg Quint
Projections for Battery-Electric Vehicles – share and adoption rates
Source: TruckingInfo
Projections indicate that BEVs will comprise more than half of Class 4 – 8 vehicles sold by 2035.
Venture Capital Investment in Supply Chains
Source: Wall Street Journal
Trends in Driver Pay
Source: Truckinginfo
Used Truck Prices – 2021 massive YOY increase
Source: OverDrive
China not living up to trade deal commitments – actual purchases fall far short of targets
Source: AJOT
New container prices starting to drop from peak prices last summer
Source:SupplyChainLogistics
Backlog of truck order at manufacturers
Source: Wall Street Journal
Going up: Diesel Fuel Prices
Source: EIA
Delays in Odessa – 2022 v 2021
Source: DCVelocity
San Pedro Bay Ports report progress on clearing container backlog
Source: TransportDive
Progress is measured by comparing the number of long-dwelling containers sitting on docks each day to an October 25th baseline. As of February 11, 70% fewer containers than there was on Oct. 25th.
Average Insurance Premium Costs per Mile across Different Fleet Sizes
Source: SCDigest
Truck Tonnage Increased in January
Source: The Trucker
Owner-Op average haul length
Source: OverDrive
Ukraine crisis pushes oil futures past $100 a barrel
Source: TTNews
Spot rates remain elevated compared to 2019
Source:Transport Dive
That’s all for this week. Thanks for reading.
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