Port Tracker points to a later peak amid growing volume patterns

Logistics Management News - December 13, 2023

This Week in Logistics Management

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| Logistics Management News · December 13, 2023

Port Tracker points to a later peak amid growing volume patterns For October, the most recent month for which data is available, Port Tracker reported that import volume, for the ports covered in the report, came in at 2.05 million Twenty-Foot Equivalent Units (TEU), marking a 1.3% gain over September and a 2.5% annual increase, marking the first annual increase going back to June 2022. Along with September's 2.03 million TEU tally, this represents the second month that time imports have eclipsed the 2 million TEU mark going back to October 2022. Read more.

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Major parcel carriers turn in strong Cyber Week on-time performance levels, reports ShipMatrix ShipMatrix observed that based on its data of millions of parcels shipped during Cyber Week pointed to online orders being delivered "at levels better than in the last several years," with the respective OTPs for FedEx, UPS, and… Read more.

U.S.-bound imports see November gains, reports S&P Global Market Intelligence November imports, at 2.41 million TEU (Twenty-Foot Equivalent Units), increased 9% annually, following a 5% annual gain in October. On a year-to-date basis through November, imports are down 9.9% annually, to 29.3 million TEU. Read more.

National diesel average, for week of December 11, falls for seventh consecutive week, reports EIA The national average fell 10.5 cents, to $3.987 per gallon, following a 5.4-cent decline, to $4.092 per gallon, for the week of December 4, Read more.

Freight railroad trends and themes with Ian Jefferies, Association of American Railroads In this podcast, LM Group News Editor Jeff Berman interviews Ian Jefferies, President and CEO of the Association of American Railroads. Read more.

Reps. Blunt Rochester and Bucshon introduce bipartisan supply chain-focused legislation Earlier this week, a bipartisan, supply chain-focused piece of legislation was unanimously passed through the House Committee on Energy and Commerce by a 44-0 vote. The legislation, entitled the "Promoting Resilient Supply Chains Act," was introduced by Representatives… Read more.

ODFL issues November operating metrics ODFL reported that revenue per day fell 0.9% compared to November 2022, which it said was mainly driven by a 2.3% decrease in LTL tons per day that was partially offset by an increase in LTL revenue per hundredweight. And it… Read more.

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