mobile bongdaso US logistics manager's index was 56.4 in August, down slightly from July's 56.5. mobile bongdaso overall index has increased for nine months in a row.
August inventory levels—up by 6.1 points to 55.7—broke mobile bongdaso contraction streak seen over mobile bongdaso previous three months.
Transportation prices read in at 61.6, implying prices have risen in seven of mobile bongdaso last eight months.
mobile bongdaso US logistics manager’s index (LMI) was 56.4 in August this year, down slightly from July’s reading of 56.5. mobile bongdaso overall index has now increased for nine consecutive months.
mobile bongdaso index has been remarkably consistent, reading in at 55.6, 55.3, 56.5 and 56.4 over mobile bongdaso last four months as mobile bongdaso logistics industry has continued its slow, steady expansion, an official release from mobile bongdaso agency said.
Researchers at Arizona State University, Colorado State University, Florida Atlantic University, Rutgers University, University of Nevada, Reno, and mobile bongdaso Council of Supply Chain Management Professionals (CSCMP) issued mobile bongdaso LMI report recently.
August inventory levels, which were up by 6.1 points to 55.7, broke mobile bongdaso streak of contraction that was observed over mobile bongdaso previous three months. This suggests that after running inventories down, firms are building them back up again in anticipation of mobile bongdaso fourth quarter (Q4) this year, mobile bongdaso release noted.
This also suggests a return to traditional patterns of seasonality that have not been seen since pre-COVID times.
This build-up of inventories is somewhat tempered by increases in both warehousing capacity (plus 5 points) and transportation capacity (plus 5.8 points).
Transportation prices read in at 61.6, implying prices have increased in seven of mobile bongdaso last eight months as well as in mobile bongdaso last four consecutively. mobile bongdaso prices are still nowhere near mobile bongdaso highs of 2020-2021, but it is a marked shift from mobile bongdaso 18 consecutive months of contraction from July 2022 till December 2023.
mobile bongdaso signs of new life in mobile bongdaso freight market, along with anticipation of mobile bongdaso traditional jump in demand that follows mobile bongdaso Labour Day holiday, are likely causing some of mobile bongdaso capacity that had been sidelined over mobile bongdaso past two years to re-enter mobile bongdaso market, accounting for mobile bongdaso mild increase in available capacity, mobile bongdaso release said.
Warehousing capacity increased in mobile bongdaso month, at least partly because downstream inventory levels were still decreasing at 46.3. Warehousing prices were still up (plus 2.8) to 63.1, with more of mobile bongdaso cost increase coming from downstream respondents.
Respondents continued to be largely optimistic about mobile bongdaso future of mobile bongdaso logistics industry, predicting an overall growth rate of 62.4 which is up slightly (plus 0.4) from July’s future prediction of 62 and is 7 points higher than mobile bongdaso current reading of 55.4.
mobile bongdaso LMI score is a combination of eight unique components that make up mobile bongdaso logistics industry, including: inventory levels and costs, warehousing capacity, utilisation and prices, and transportation capacity, utilisation and prices. Any reading above 50 indicates that logistics is expanding; a reading below that is indicative of a shrinking logistics industry.
Source: https://www.fibre2fashion.com/news/textiles-logistics-news/us-aug-logistics-manager-s-index-slightly-down-from-jul-reading-297815-newsdetails.htm
At mobile bongdaso inaugural Global Air Cargo Summit, held in Antalya, Türkiye, mobile bongdaso International Civil Aviation Organization (ICAO) forecasted that air freight volumes will grow by an...
mobile bongdaso imposition of new U.S. tariffs on foreign-made vehicles and components is causing significant disruptions in mobile bongdaso global automotive supply chain. Airfreight, often a linchpin...
Global trade uncertainty is prompting air cargo shippers and freight forwarders to favor short-term contracts over longer-term agreements, as highlighted in a recent Xeneta...
U.S. plans to end tariff-free access for low-value shipments from China and Hong Kong, coupled with a new 145% tariff rate on Chinese imports, are projected to slash over...
Trade groups warn of higher ocean shipping costs and disrupted supply chains, while U.S. officials argue mobile bongdaso policy aims to strengthen domestic shipbuilding and enhance economic...
Since January, mobile bongdaso Trump Administration has announced and delayed multiple tariffs on imports from Canada and Mexico, further destabilizing mobile bongdaso cross-border freight market....
As global supply chains adjust to post-pandemic realities and shifting trade dynamics, mobile bongdaso air cargo industry in mobile bongdaso Asia-Pacific (APAC) region finds itself at a pivotal crossroads.
Global tonnage improved +3% in week 15 (April 7-13) after mobile bongdaso previous week’s drop of -7% as markets that had closed for mobile bongdaso Eid-al-Fitr holiday came back on stream, but comparison...
E-commerce continues to be a key growth driver for air cargo, fueled by rising consumer demand and mobile bongdaso rapid expansion of emerging markets, even as regulatory barriers increase.
mobile bongdaso International Air Transport Association (IATA) has maintained a positive outlook for air cargo, emphasizing that mobile bongdaso majority of global trade remains unaffected by mobile bongdaso...
en