Hereโs a quick recap of an unexpectedly amazing forum spotlighting Central Asian trucking companies in the U.S. Plus, we met Strong Solo Sergey in real life.
From West Coast wins to Gulf Coast fog delays, the countryโs top gateways are telling very different stories.
OTR Solutions launches OTR365 Ecosystem and OTRintelligence, combining AI-powered automation with 24/7 instant funding to transform freight factoring for carriers and brokers.
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 ๐ฉ๐๐โ๏ธ (@FreightAlley) July 26, 2023
July is usually a slow month, but not this year. pic.twitter.com/RZ615k8gdd
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?
A report from Everstream.ai details how the 2024 US elections could sway the supply chain, affecting cross-border trade and commodity markets.
Here's the latest on freight rates and hot routes as we look forward to Q3. Get insights from experts on navigating the summer season.
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