Industry Indicators: February 1st – 12th
iLevel Logistics presents intriguing data that offers a snapshot of notable industry changes and events during the weeks of February 1st through the 12th.
Industry Indicators: February 1st – 12th
iLevel Logistics presents intriguing data that offers a snapshot of notable industry changes and events during the weeks of February 1st through the 12th.
What’s on the docket this week?
Small business wage increases, avocado prices, CPI index, Covid counts, large truck fatalities, shipping costs and delivery times, public dissatisfaction with government regulations and major corporations, job losses and job gains in truck transportation, surge in owner-operators, remote v. office workers, job quits, regional highway fatalities, national debt, class 8 orders, jobs recovery, delivery times for manufacturers, FMCSA clearinghouse drug test data, ocean carrier reliability record, top 15 truck bottlenecks, small businesses cannot find workers, and inflation undermines wage gains.
More small businesses raised worker’s wages in January 2022 than any months since 1986
Source: Bloomberg News
Daily covid cases on the way down – 7 day moving average
Source: CDC
Hospitalization admissions trending down as well.
Number of deaths however remain elevated.
Large truck fatalities increasing
Source: TruckingInfo
Shipping costs and delivery time
Source: Forbes
Dissatisfaction with government regulations and major corporations – both increasing
Source: Gallup
Job losses and gains – not equal. A reason why truck capacity remains tight
Source: C.H.Robinson
Surge in new owner-operators – size of trucking establishments fall but overall number of establishments rises.
Remote v in-office workers
Source: Vox
Job quits
Source: CNN
Regional increases in highway fatalities - first nine months of 2021 compared to same period in 2020
Source: CCJ
National debt tops 30 trillion
Source: CNN
Not much movement on Class 8 monthly orders – but down 50% year over year
Source: TruckingInfo
Jobs recovery still underway
Source: CNN
Delivery times for U.S. manufacturers reaching all-time highs
Source: SupplyChainBrain
Supply chain leaders prepare to meet employee expectations regarding hybrid work
Source: MH&L
Key shifts for human-centric work design.
FMCSA clearinghouse drug violations up 10% in 2021
Source: CCJ
2021 ocean carrier reliability record lowest ever
Source: SupplyChainLogistics
Top 15 truck bottlenecks
Source: SCDigest
60% of small business employers having problems finding workers
Source: Smallbiztrends
Inflation undermines wage gains
Source: Fox
Monthly % change from a year ago. Wages are not keeping pace.
That’s all for this week. Thanks for reading.
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