Plus: LAPD busts a $3.9M cargo theft ring, Nuvocargo and UPS expand in North America, U.S. moves to ease rules for self-driving trucks, Funny Freight Friday, and more.
Funny Freight Friday: Same thing.
The market’s brutal, sure, but for freight agents with the right tools, it’s prime hunting season. Here’s how they’re making it work.
Dell observes a sudden decline in PC demand after an initial year-over-year increase, indicating customer caution in recent months.
Dell's COO reported a year-over-year increase in PC demand at the beginning of the quarter, with a positive trend in August. However, a shift occurred as the business experienced a slowdown in September, which further declined in October, attributed to increased caution among customers.
Source: TheTranscript
$DELL COO on PC demand:
— The Transcript (@TheTranscript_) December 10, 2023
"through the month of August, the first month of the quarter, our PC business is up year-over-year. And then things changed. The business started to slow. It slowed in September, it slowed more in October. We saw more cautiousness from our customers"
Source: TheTranscript
August PMI shows manufacturing still contracting. Production plummets to lowest level since May 2020 as demand weakens and inventories rise. But there may be relief moving into the holiday season.
The U.S. manufacturing sector faces contraction with a PMI of 48.7 in May 2024, while manufacturing construction hits a record high. What's up with these mixed signals?
In a recent episode of the Stay In Your Lane Podcast from Triple T Transport, Allianz Trade North America Chief Economist Dan North shed light on why the anticipated economic recession hasn't yet materialized and its implications on the freight market.
TSMC's $11.6 billion award to fund three new chipmaking factories in Arizona.
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