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The Weekly Freight Report for February 4th, 2021

FLS Transport

For the first time since 2004, ships are having to use drift zones where they remain for up to two weeks until anchorages are available. Port officials, trade groups and maritime regulators are calling on the White House for a priority COVID-19 vaccine for industry workers. And it’s only getting worse.

Freight 92
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US Economy Still Growing But at Slower Pace

Material Handling and Logistics

Fiore, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee: . In March, price increases occurred across 17 of 18 industry sectors. The Backlog of Orders Index continued a 14-month expansion with its highest reading since May 2004, when it registered 63%.

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Is the Transportation Market Heading into Unprecedented Territory?

Talking Logistics

Those of us in the transportation industry can always tell when the economy is really [strengthening],” said Finn. And although the driver shortage problem has existed for many years, the fact remains that every year, more drivers are retiring, more drivers are nearing retirement, and fewer young people are entering the industry.

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The Transportation Revolution: Takeaways from CLX Logistics’ 6th Annual Customer Conference

Talking Logistics

Mark Chrencik, Director of Operations at CLX Logistics (a Talking Logistics sponsor), kicked off the conference with a market update where he covered various trends in the industry, including fuel prices and linehaul rates. Overall productivity (miles per truck per day) to decline industry wide by about 3% to 4% in the coming year.

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Two Million Vacant Manufacturing Jobs by 2025…How Can We Tackle the Skills Gap?

GlobalTranz

This estimate is according to responses provided by 83 percent of the manufacturing executives who participated in a survey conducted as part of an industry study by the Manufacturing Institute and Deloitte Consulting LLP. Nationally, the health care and technology industries have been especially hard hit by the staffing deficits.

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2020 Freight Shipping Outlook: More Capacity Could Heat Competition

Freight Center

In fact, 2018 set a new record for heavy truck orders, with the total of 490,000 orders placed crushing the previous record set in 2004 by more than 100,000 vehicles. For the third year in a row, the driver shortage tops the American Transportation Research Institute’s most recent annual survey of issues facing the trucking industry.

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ISM reports that manufacturing output is off to a strong start in 2018

247 Customs Broker

ISM said that 14 of the 18 manufacturing industries reported growth in January, including: : Machinery; Fabricated Metal Products; Petroleum & Coal Products; Primary Metals; Nonmetallic Mineral Products; Computer & Electronic Products; and Transportation Equipment. which stands as the highest reading going back to December 2004’s 66.3,