February saw freight volume drop 37% year-over-year and spot market freight availability decline for the second consecutive month — yet rates were up year over year, according to the latest DAT North American Freight Index.
News / 2015
Total nonfarm payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5 percent, the U.S. Bureau of Labor Statistics
reported today. Job gains occurred in food services and drinking places, professional and business services, construction, health care, and in transportation and warehousing. Employment in mining was down over the month.
The top officials at the Ports of Los Angeles and Long Beach said that it would take three months to clear the thousands of containers left stranded on nearly two dozen ships — the product of epic congestion exacerbated by contentious labor talks between dockworkers and management.
Expected post-Lunar New Year cargo growth will accelerate equipment, cargo handling and other costs going forward.
While the full impact on ocean carrier deployments to U.S. West Coat ports has yet to be measured, major players comprising the Transpacific Stabilization Agreement (TSA) are standing firm on raising rates.
Institute for Supply Management
Economic activity in the manufacturing sector expanded in February for the 26th consecutive month, and the overall economy grew for the 69th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
Should Congress fail to pass a bill to fund the Department of Homeland Security, Customs and Border Protection will have to furlough approximately 6,000 employees at midnight, February 27.
JOC Annual Review & Outlook 2015 with input from John Carr, MIQ President and CEO.
The industry is working on solutions to the port congestion issue, from gray chassis to port enhancements. Still, smart retailers should look strategically at their supply chains, both to gain added value and avoid the pitfalls experienced in 2014.
With the Pacific Maritime Association (PMA) and the International Longshore & Warehouse Union (ILWU) recently agreeing to a tentative agreement on a new five-year contract last weekend covering about 20,000 port employees at 29 West Coast ports following roughly nine months of stops and starts and acrimonious negotiations, the focus for all port and supply chain stakeholders is firmly on the future.
Bureau of Transportation Statistics
U.S.-NAFTA freight totaled $95.8 billion in December 2014 as four out of five transportation modes – truck, rail, air, and pipeline – carried more U.S.-NAFTA freight than in December 2013, according to data released today by the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) (Table 1). Year-over-year, the value of U.S.-NAFTA freight flows by all modes increased by 5.4 percent, with December marking the 11th consecutive month of year-over-year increases.