💵 Top 10 Highest-Paid CEOs in Freight Brokerage
Inside: FedEx's market triumph, the controversy at Yellow Corp, Waabi and Uber Freight's decade deal, and the hammer comes down on PPP loan-scamming trucker.
As per Instawork's data, the US supply chain is experiencing a recovery, with west coast manufacturers at the forefront of this trend.
Data from the flexible work marketplace Instawork points to a potential rebound in the US supply chain. Notably, in the manufacturing sector, hourly wages have surged by 12.1% year over year in June, indicating increasing labor demand as businesses begin to ramp up again.
Instawork's data also suggest that this revival is primarily led by manufacturers on the west coast, where demand for labor in Los Angeles increased by 38% in Q2, while in the Bay Area, the demand saw a whopping 59% surge.
Moreover, there has been a 52% spike in shift hours in Los Angeles, signaling growing production activity. If these trends continue, the overall economic outlook for the latter half of the year appears promising.
Source: Supply Chain Management Review
Trucking volumes across the US have started to show some life, as the OTVI breaks out to the highest levels all year.
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) July 26, 2023
July is usually a slow month, but not this year. pic.twitter.com/RZ615k8gdd
Subscribe to our free tri-weekly newsletter for the latest in freight news and entertainment.