article thumbnail

Manufacturing in US Expands at Fastest Pace Since May 2004

Material Handling and Logistics

factories expanded in February at the fastest rate since May 2004, indicating sustained strength in manufacturing as demand remains solid, according to figures from the Institute for Supply Management released on March 1. The factory index climbed to 60.8, up from 59.1 in January.

article thumbnail

US Manufacturing Caps Best Year Since '04: ISM

Material Handling and Logistics

Manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said on January 3. Other highlights of the survey include: ISM factory employment gauge declined to a still-strong 57 from 59.7.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. A recent survey identified what drivers are looking for… solid pay, bonus structures and amenities were among the top requests. It’s been a major talking point for months… and for good reason.

Freight 92
article thumbnail

X-Press Pearl status

Shipping and Freight Resource

“ This is the biggest environmental catastrophe to hit Sri Lanka since the 2004 Indian Ocean Tsunami, ” said Thummarukudyil Muraleedharan, the acting head of the disasters and conflicts branch with the United Nations Environment Programme (UNEP). X-Press Feeders is said to have have made an initial payment of US$3.6

article thumbnail

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: . The Backlog of Orders Index continued a 14-month expansion with its highest reading since May 2004, when it registered 63%. However, the March PMI registered 59.3%, a decrease of 1.5 percentage points from the February reading of 60.8%.

article thumbnail

What is ISPS and who has to pay it?

Globalior

ISPS code regulations were introduced by the International Maritime Organization (IMO) on the 1st of July 2004. The CSO is responsible for vessel security assessments, and onboard surveys to assess conformance to ISPS code requirements. Important appointment holders under ISPS CSO – Company Security Officer.

article thumbnail

Is the Transportation Market Heading into Unprecedented Territory?

Talking Logistics

Certainly, there have been other periods of time when “perfect storm” conditions have existed in the market, leading to tight capacity and rate increases — such as in 2004, when the new (at the time) Hours of Service rules went into effect, coupled with strong GDP growth, high fuel prices, and the ever-present driver shortage.