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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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The beginning of the end for the Paper Bill of Lading

Shipping and Freight Resource

If you look at many of the news items about the industry recently, there has been a certain buzz and intensity around the electronic bill of lading. The TT Club subsequently wrote off its investments in Bolero in 2004. The transformation that has taken place in the airline industry is an example of what’s possible if we work together.

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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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Applying History’s Lessons to New Resiliency Plans

CH Robinson Logistics

However, we saw similar supply chain outages associated with the 2004 Tsunami in Thailand, Hurricane Katrina in 2005, and Japan’s earthquake and Tsunami in 2011. The logistics industry has undergone a massive digital transformation that enables us to have smart, connected global supply chains.