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Covid-19 and Peak Season 2020

Posted by Mihlfeld & Associates on Nov 17, 2020 8:50:00 AM

Beyond almost every prediction, COVID cases continue to rise as we enter late November, further hindering the economic recovery and reprieve that the logistics industry desperately needs. Even though the economy is trending upward, most companies are still reeling from supply chain disruptions. The coming of Peak Season likely brings a demand increase as much as 50% compared to 2019, which will result in increased rates and transit.

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Topics: Freight Rates, Shipping, Holiday, COVID-19, Economy

Ocean, Air, and Small Pack Freight Update: August 28, 2020

Posted by Mihlfeld & Associates on Aug 29, 2020 8:45:00 AM

Ocean Freight

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Topics: 3PL, COVID-19, Economy

Ocean & Air Freight - August 4, 2020

Posted by Mihlfeld & Associates on Aug 4, 2020 10:11:33 AM

Ocean Freight

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Topics: Insider, Freight Rates, 3PL, COVID-19, Economy

Truckload Update - July 24, 2020

Posted by Mihlfeld & Associates on Jul 24, 2020 9:16:14 AM

The possible end of the extended unemployment insurance program next week, COVID-19 outbreaks in many states, uncertainty in consumer demand, and rising retail warehouse inventories make current truckload industry predictions a little cloudy. Some factors such as several recent data points suggesting inventories are rising faster than sales lead us to believe not all is well, but could be looking up. The latest Logistics Managers Index showed June inventory levels jumped up by 7.6% month-over-month after being relatively flat for all of March, April, and May. Warehouse capacity has been contracting for four consecutive months, with the largest decrease in June dropping by a further 6% to its lowest level since the index began in early 2018. The latest manufacturing and sales inventory report published last week by the Census Bureau showed that the inventory-to-sales ratio improved slightly to 1.51 in May from 1.67 in April which is a step in the right direction. From a freight recovery perspective, high inventory-to-sales ratios will eventually translate to lower truckload volumes.

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Topics: Insider, 3PL, COVID-19, Economy

Ocean & Air Freight - July 17, 2020

Posted by Mihlfeld & Associates on Jul 17, 2020 10:30:00 AM

Ocean Freight

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Topics: Insider, COVID-19, Economy

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