Industry Indicators: February 27th – March 17th
Industry Indicators: February 27th – March 17th
iLevel Logistics presents intriguing data that offers a snapshot of notable industry changes and events during the weeks of February 27th through March 17th.
What’s on the docket this week?
China to west coast spot rates, rate differentials, insurance premiums per mile, how freight flows through transportation system, top crude oil producers, Russia and Ukraine global grain trade, record wait times for U.S. manufacturers, “Big three” ocean shipping carriers, driver turnover, class 8 orders, trucking job growth, Nickel and palladium markets, green energy sources, diesel prices, owner-op see negative trends, jet fuel surges, cargo theft 2021, decline in container ships waiting, China and chip investments, oil v. gas prices, fed raises rates, electric vehicles market share, retail sales in constant v current prices, inflation expectations, labor availability, consumer behavior and inflation, record food prices.
Spot rates edge up for 40-foot containers from China to U.S.
Source: SupplyChainBrain
Rate differential between Asia to U.S. and U.S. to Asia
Source: Morethanshipping
Insurance premiums keep rising
Source: Truckinginfo
Adoption of safety equipment
How freight flows through transportation system
Source: DOT
Freight flows by highway, railroad, and waterway.
Top air cargo airports by weight of cargo, 2018
Projected U.S. freight growth by mode, 2020-2045
Comparing railroad rate increases to inflation and truck rate increases
Freight and logistics workforce
Top crude oil producers in 2021
Source: CNN
Russia and Ukraine and the global grain trade
Source:SupplyChainBrain
Record wait times for U.S. manufacturers
Source:SupplyChainBrain
Ocean Shipping Carriers – the “big three”
Source: SupplyChainBrain
Monthly annualized driver turnover
Source: tenstreet
Class 8 truck order stable in February but down significantly year over year
Source: TruckingInfo
Trucking job growth in February very strong
Source: Land Line
Nickel and Palladium markets impacted by Russia invasion
Source: WSJ
Green energy sources make up a fraction of world’s energy
Source: SupplyChainBrain
Highway fuel prices rise nearly 75 cents in one week
Source: TTnews
Owner operators reporting negative trends
Source: OverDrive
Airlines dealing with rising fuel prices – as result of Russia-Ukraine war
Source: AJOT
More detail on inflation
Source: SCDigest
Cargo theft activity declined in 2021
Source: OverDrive
Major improvement at the ports
Source: WSJ
Chain outpacing U.S. and all others in chip spending
Source:SupplyChainBrain
The price of oil and the price of gas - oil companies padding profits – Biden thinks so
Source: Biden Twitter
The increase begins – Fed raising rates for first time December 2018
Source:CNN
Electric vehicles share of new car sales
Source: Pew Research Center
Retail sales – constant prices, current prices – the impact of inflation
Source: Jesse Felder twitter
Record for food prices
Source: Bloomberg
That’s all for this week. Thanks for reading.
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The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for November 1, 2024, from iLevel Logistics Inc.