Industry Indicators: September 2 – 9th
Industry Indicators: September 2 – 9th
iLevel Logistics presents intriguing data that offers a snapshot of notable industry changes and events during the weeks of September 2nd through the 9th.
Manufacturing costs, Import volumes, Refrigerated load postings, Vehicle emissions, EV projections, CCJ top 250, Manufacturers inventory and order levels, road fatalities, US job market, Transportation sector unemployment, Key macro-economic trends, Retail imports, Air cargo rates, Class 8 truck demand, Total truckload rates, Trucking conditions index, Logistics costs, Remote work, Container shipping costs, CO2 emissions, Diesel fuel prices.
Passing costs down to consumers
Source: SupplyChainDive
Total import volume will approach 18 million this year
Source: Import Genius
Vehicle emission rates declining YOY
Source: HDT Truckinginfo
Projections of commercial EVs units in operation
Source: HDT Truckinginfo
A look at CCJ’s Top 250 companies by segment
Source: CCJ
Manufacturing customer inventories very low while the backlog of orders very high
Source: AIER
Compared to same quarter in previous year, road fatalities in Q3&4 2020 and Q1 2021 show significant increases
US job market recovery still short of pre-pandemic levels
Source: CNN
Unemployment in transportation still above pre-pandemic level – recovery not complete
Source: DCVelocity
Key macro-economic trends that influence freight
Source: Fleet Owner
As service spending reaches pre-pandemic levels, how long will consumers continue prioritizing good expenditures?
Extraordinary increases in new for-hire trucking companies.
These two trends of course produce very high vehicle prices – hence recent sales decline
Retail imports soar – 2021 projections 17% higher than 2020
Source: NRF
Global air cargo rates – huge increases compared to pre-pandemic levels
Source: AJOT
Demand for class 8 trucks rise in August
Source: DCVelocity
FTR forecasts total truckload rates – plateauing in 2022
Source: HDT truckinginfo
Conditions are as good as they have been since 2010.
Logistics costs rising across the board
Source: DC Velocity
Percentage of workers that plan to work at least one day at home – pre, during, and post pandemic
Source: SupplyChainBrain
Cost of shipping containers: March 2020 – September 2021
Source: CNN Business
CO2 emissions and projected emissions by transportation mode
Source: SupplyChainBrain
Diesel prices up from one week ago
Source: EIA
That’s all for this week. Thanks for reading.
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