June productivity rebound suggests a return to growth, but it’s bumpy ahead

Economic figures for June indicate that the global economy appears to have turned the corner from the hit from Covid-19, with trade and production volumes trending up on both sides of the Pacific Basin.
However, recovery is expected to be bumpy in the coming months as the surge in Covid-19 infections in multiple economies impacts economic activity.
US manufacturing officially returned to growth in June, with the Institute of Supply Management’s purchase …

The post June productivity rebound...

https://theloadstar.com/june-productivity-rebound-suggests-a-return-to-growth-but-its-bumpy-ahead/

Current environment points to higher rates forthcoming

This week’s DHL Supply Chain Pricing Power Index: 40 (Shippers)

Last week’s DHL Supply Chain Pricing Power Index: 35 (Shippers)

Three-month DHL Supply Chain Pricing Power Index Outlook: 60 (Carriers)

The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

Freight volumes cooled off slightly this week but remain well above both 2018 and 2019 levels. Capacity...

https://s29755.pcdn.co/news/current-environment-points-to-higher-rates-forthcoming

21.1 million continuing jobless claims and transportation stocks rip higher

This week’s DHL Supply Chain Pricing Power Index: 25 (Shippers)

Last week’s DHL Supply Chain Pricing Power Index: 20 (Shippers)

Three-month DHL Supply Chain Pricing Power Index Outlook: 50 (Balanced)

The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

The Memorial Day holiday throws weekly volume comparisons out the window, but it seems relatively more...

https://www.freightwaves.com/news/21-1-million-continuing-jobless-claims-and-transportation-stocks-rip-higher

Carriers in strongest power position of past 2 months

This week’s DHL Supply Chain Pricing Power Index: 20 (Shippers)

Last week’s DHL Supply Chain Pricing Power Index: 15 (Shippers)

Three-month DHL Supply Chain Pricing Power Index Outlook: 50 (Balanced)

The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

Outbound tender volumes are benefiting greatly from the reopening of the economy and a release of...

https://www.freightwaves.com/news/carriers-in-strongest-power-position-of-past-2-months

Volumes and rejections up off the bottom just enough to move the needle in carriers’ favor

This week’s DHL Supply Chain Pricing Power Index: 15 (Shippers)

Last week’s DHL Supply Chain Pricing Power Index: 10 (Shippers)

Three-month DHL Supply Chain Pricing Power Index Outlook: 50 (Balanced)

The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

Tender volumes are racing to the upside and are tracking positive year-over-year in May, albeit off a...

https://www.freightwaves.com/news/volumes-and-rejections-up-off-the-bottom-just-enough-to-move-the-needle-in-carriers-favor

Latest global trade barometer readings are ‘sobering’ and ‘gloomy’

World trade is expected to contract again over the next three months, according to DHL’s Global Trade Barometer (GTB).  
It suggests that the overall trade outlook will reduce by two points, to an index value of 45, in a new low not seen since December 2015.
And it also shows a steady contraction, with no acceleration – but DHL has opted for an optimistic narrative. 
“According to the DHL Global Trade Barometer …

The post Latest global trade barometer readings are ‘sobering’ and ‘gloomy’...

https://theloadstar.com/latest-global-trade-barometer-readings-are-sobering-and-gloomy/