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3 Points of Interest for January 2021

Posted by Mihlfeld & Associates on Jan 11, 2021 1:00:00 PM
  •  Chinese New Year:

            The annual holiday for many Asian countries will come later than it usually does, but even in times for Covid-19 it will have a major impact on manufacturing and production. Any supply chain that includes countries celebrating Chinese New Year will experience a shutdown of some kind during this period. The holiday officially runs from February 11th to February 26th this year. Shutdowns begin a week before the two-week long holiday and production will return to current levels by the end of February.

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Topics: Logistics Management, Outsourcing, Freight Rates, Holiday, COVID-19, 2021

Industry Updates – May 6, 2020

Posted by Mihlfeld & Associates on May 6, 2020 2:46:22 PM

Non-essential businesses are resuming operations in at least 24 states in May. While the argument remains on whether it is too soon or not, it is none too soon for the trucking industry. April saw historic lows in the Load-to-Truck ratio and with restaurants nationwide not operating fully, or at all, as produce season isn’t bringing the boon many hoped. However, there is opportunity for a small uptick in May, the only question remaining is if some predictive models are correct, does reopening non-essential businesses too early just make things worse further down the road. Even with some economies beginning to reopen, second quarter predictions are still down by double digits with most hoping for a rebound by the end of the 3rd quarter and expecting it by the end of the year. The biggest factor in rebounding the economy is consumer confidence and a vaccine cannot come quickly enough to instill that level of confidence.

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Topics: Insider, Logistics Management, Shipping, COVID-19

Logistics Update April 28, 2020

Posted by Mihlfeld & Associates on Apr 28, 2020 12:05:26 PM

A review of the latest happenings across freight industries as well as a few discussion points about how the economy and industry begins to recover.

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

Carrier & Industry Updates April 6, 2020

Posted by Mihlfeld & Associates on Apr 5, 2020 7:38:38 PM

The updates below reflect new information received within the past few days and over the weekend regarding some specific carriers and industry information. Load-to-truck ratios in March tell an interesting story as well – have we already witnessed the spot-market peak?

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Topics: Insider, Logistics Management, 3PL, Shipping

Mihlfeld Mile: April 1

Posted by Mihlfeld & Associates on Apr 1, 2020 3:48:20 PM
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Topics: Insider, Logistics Management, 3PL, Shipping

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