Plus, a tornado devastated a FedEx facility in Michigan, Costco received Tesla Semis, and US-Mexico trade reached $200 billion in Q1.
Integration of #1-rated owner-operator load board and #1-rated TMS software expands services for brokers and carriers.
Tornadoes have swept through states like Michigan, damaging facilities like a FedEx depot in Portage. Plus, a major storm continues to unleash rain, snow, and wind across Montana.
The rapid hiring in warehousing during the pandemic slows down, reflecting changes in the labor market and a slowdown in online sales growth.
The warehouse hiring boom that took place during the pandemic is ending. Factors like a more relaxed US labor market, slower online sales growth, and wider economic uncertainty have caused many companies to pause their hiring processes, despite the logistics sector being one of the fastest-growing job markets. In a stark shift from previous years' aggressive recruiting methods, employers now choose to wait for the right fit rather than hastily filling positions. Nevertheless, the average hourly wage for a warehouse worker in the US remains at a pandemic-era high, with no signs of reverting to pre-Covid levels.
Source: WSJ
The only signs of weakness in the job market are in warehousing and IT.
— Heather Long (@byHeatherLong) March 10, 2023
Info/tech: -54,000 jobs since November
Warehouse/transport: -42,000 since October
Meanwhile, hiring climbed in sectors that really needed workers: hospitality, childcare, K-12 education, social assistance pic.twitter.com/6rAAA8eUbl
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
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