Industry Indicators: November 6 -20
iLevel Logistics presents intriguing data that offers a snapshot of notable industry changes and events during the weeks of November 6th through 20th.
What’s on the docket this week?
Container ship pile up, # of carrier entering market, CPI index, Load to truck ratios, pandemic profits, gas prices by state, retail imports, spending on AI, driver shortage, private fleet performance, foldable shipping containers, what’s in infrastructure law, diesel prices, manufacturers rising costs, White House supply chain dashboard, Cargo theft at Thanksgiving, Small business most important problem, Wage gain canceled by inflation, Remote work by income levels.
Vessel pile up persists
Source: Bloomberg
Wait times set records as well.
More carriers entering market
Source: TransportDive
Over 80,000 carriers granted FMCSA authority since Jan. 1. Compare this to the entire year 2020, at just less than 60,000.
Spot rates all elevated.
CPI – percent change from one year ago
Source: FRED
CPI – fuel percent change from year ago
Compared to reefer and dry van, demands for flatbed remains strong
Source: TransportDive
Pandemic profits soar – achieved with fewer workers
Source: msn
Gas prices by state
Source: USA Today
Retail imports 2020 compared to 2021
Source: TruckingInfo
Spending on robots increases in 2020
Source: SupplyChainBrain
Driver shortage up-date
Source: trucking.org
Retirements and industry growth are key reasons for projected shortages.
Private fleet performance
Source: TruckingInfo
Foldable shipping containers – new design could cure logjams at ports
Source: SupplyChainBrain
What in the infrastructure law?
Source: SupplyChainBrain
Diesel inches up 4 cents
Source: TTNews
Electronic manufacturers face rising costs
Source: SupplyChainDive
White House Supply Chain Dashboard
Source: The White House
Cargo theft around Thanksgiving
Source: Overdrive
Small business most important problem
Source: twitter @AlessionUrban
Inflation cancels wage gains
Source: twitter @bpmehlman
Remote work by Income
Source: US Census
Manifest 2024 served as a reminder of the immense potential that lies ahead in the realm of supply chain technology.