Recession

The biggest freight brokerage layoffs and bankruptcies in 2023

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Compared to trucking carriers, freight brokerages can avoid shutdowns even during nasty freight...

https://www.freightwaves.com/news/the-biggest-freight-brokerage-layoffs-and-bankruptcies-in-2023

Increased consumer spending not enough to end trucking bloodbath

Ohio resident Matthew James Collins hauls frozen food around the Midwest — onion rings, ice cream and the like. On a recent October morning, Collins was trucking through a snowstorm in Minnesota. 

He wasn’t carrying much. Collins recalled when he ran this route last year, he would regularly move 22 skids of frozen foods (a type of pallet) for four different corporate accounts. Now he’s moving just 12 skids for two clients.

The health of the trucking industry is typically a good gauge for how the...

https://www.freightwaves.com/news/americans-are-getting-spendy-again-but-its-not-ending-jaw-dropping-trucking-bloodbath

Optimism fades for airfreight recovery on slow-healing inventories

Since late last year, air logistics executives have engaged in wishful thinking that the protracted downturn in shipping demand would start to recover after the first quarter and build through the year once retailers cleared out excess inventories. That rosy scenario is fading.

Worsening indicators suggest the international freight recession hasn’t hit bottom and that the best outcome air cargo providers can hope for until October — typically the peak season for goods movement — is halting the...

https://www.freightwaves.com/news/optimism-fades-for-airfreight-recovery-on-slow-healing-inventories

5 ways to scale your company in a down market

At the start of 2021, freight market demand was huge. Companies in supply chain and logistics were making massive hires. There was an average of six loads for every one truck, with load-to-truck ratios as high as 1:12, according to Nick Schrock, founder and CEO of Valoroo.

Now the market has softened. There are more potential sellers than buyers, putting downward pressure on prices. Consumer demand is also slowing due to inflation and the fear of an economic downturn.

FreightWaves SONAR data...

https://www.freightwaves.com/news/5-ways-to-scale-your-company-in-a-down-market

Liner Shipping Stocks: A Perpetual Gift?

Credit: Aron Yigin/Unsplash

Despite a precipitous decline in freight rates, stock prices and dividends continue to rise, as reported by Trade Winds.

Recession 

Despite the lingering threat of a recession and rising interest rates, liner shipping equities have so far this year shown to be extraordinarily robust.

Except for a few liner shipping businesses, all have achieved year-to-date significant rises in market capitalization.

Because of this, investors like Hapag-Lloyd, AP Moller-Maersk, Zim, and...

https://mfame.guru/liner-shipping-stocks-a-perpetual-gift/

Factor 8 offers virtual sales tips to navigate recession, industry change

Sales is a lot like baseball, according to Lauren Bailey, president and founder of Factor 8. “You can’t get home, if you can’t get on first (base).” It just so happens that getting to first base is one of the most difficult aspects of a salesperson’s job — that initial conversation.

“You could be the best seller with the best demo in the world or you could have 37 years of logistics experience that you’re willing to share, but unless you can get somebody to talk to you and listen, it doesn’t...

https://www.freightwaves.com/news/factor-8-offers-virtual-sales-tips-to-navigate-recession-industry-change

Why the US Can Avoid a Recession in 2023?

Credit: D koi/Unsplash

In 2023, the possibility of a U.S. recession still exists. According to Goldman Sachs Research, the probability of a significant decline in the American economy over the next 12 months is estimated by the market to be 65%. But according to our own economic study, the likelihood is substantially smaller, at 35%, as reported by Goldman Sachs.

Big questions

David Mericle, our chief U.S. economist, and Alec Phillips, our chief U.S. political economist, elaborate on that lower...

https://mfame.guru/why-the-us-can-avoid-a-recession-in-2023/

‘OK, Mexico, Save Me’: After China, This Is Where Globalization May Lead

Credit: viktor-hesse-unsplash

As American companies recalibrate the risks of relying on Chinese factories to make their goods, some are shifting business to a country far closer to home: Mexico. The unfolding trend known as “near-shoring” has drawn the attention of no less than Walmart, the global retail empire with headquarters in Arkansas, reports The Japan Times.

The contours of global trade

Early in 2022, when Walmart needed $1 million of company uniforms — more than 50,000 in one order — it...

https://mfame.guru/ok-mexico-save-me-after-china-this-is-where-globalization-may-lead/

‘Do the right thing, no matter the market’

Over the past two years, the logistics industry has gone through a long, transformative journey that has resulted in both positive and negative changes. As 2022 comes to a close, many believe the U.S. is in a recession, with a possible global recession not far behind. Meanwhile, inflation has reached heights not seen in four decades.

“There are a lot of factors happening in our market that are working against each other,” said Peter Rentschler, CEO of Metafora. “There are rising fuel and energy...

https://www.freightwaves.com/news/do-the-right-thing-no-matter-the-market

Eurozone Likely To Enter Recession As Surging Prices Hit Demand

The downturn in business activity across the eurozone deepened this month and the economy is likely entering a recession as consumers rein in spending amid a cost of living crisis, reports the Business Times.

Manufacturers hit by high energy costs

Manufacturers were particularly hard hit by high energy costs after Russia’s invasion of Ukraine sent gas prices rocketing, while the bloc’s dominant services industry suffered as consumers stayed at home to save money.

S&P Global’s flash Composite...

https://mfame.guru/eurozone-likely-to-enter-recession-as-surging-prices-hit-demand/

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