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Supply
Chain by the Numbers |
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- August 15, 2024
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US Manfacturing Job Openings Shrink; Teamsters Target Amazon Air Hub; Truckload Rates Continue to Fall; China to Europe Freight Train Business Up Big 1H 2024 |
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That is about the current number of US manufacturing job openings, down from almost one million in early 2022. That from data from the Federal Reserve Bank, as cited this week in a Wall Street Journal article that says the great blue collar worker scarcity may be over, with even some restaurant and retail workers seeing it hard to find a new job, a major change from not long ago. One exception: what else, truck drivers and technicians, both of which continue to see many spots that need to be filled. The current 400,000 manufacturing job openings is just about equal to the level in late 2018. |
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That was the year-over-year decline with the Cass Linehaul Index for July, as released this week from the freight report by Cass Information Service and partner ACT Research. The index tracks US truckload rates before fuel surcharge or any other accessorials, and is based on the billions in freight bills Cass processes for its customers. The Index was also down 1% versus June. The Index has also been down versus prior year each month since mid-2022. The report observes that with spot rates steady over the past year, downward pressure on the larger contract market is lessening, but recent slight increases in spot rates are not yet enough to turn contract rates higher.” |
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11% |
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That was the year-over-year freight train volumes from China to Europe in the first half of 2024, as the numbers continue to grow. That according to data from China State Railway Group, which is published on government websites. The data also says that July was the third consecutive month in which more than 1,700 trains made the journey between China and Europe through Russia, with 1,776 transporting some 185,000 TEU. It appears the growth this year is partly attributable to the disruption in the Red Sea, with shippers looking to find routes around the threat of ships being fired upon with rockets wielded by so-called Houthi rebels operating out of Southern Yemen. |
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