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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

Truckload - July 10, 2020

Posted by Mihlfeld & Associates on Jul 10, 2020 10:34:32 AM

Coronavirus cases are down globally, up nationally, and unsurprisingly still making the markets unpredictable. However, truckload markets may be reaching normalcy for the first time in what feels like a long four month of instability.

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

The USMCA is Here: What You Need to Know

Posted by Mihlfeld & Associates on Jun 30, 2020 1:26:39 PM

On July 1, 2020, a new trade agreement between the United States, Mexico, and Canada will replace the 25-year-old North American Trade Agreement (NAFTA). On January 29, 2020, President Donald Trump signed the U.S.-Mexico-Canada Agreement (USMCA), a bipartisan agreement that has been ratified by Mexico and Canada. Each country has its own name for it:

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Topics: Insider, Shipping, Economy

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