December 2024 Logistics Managers’ Index
The December 2024 Logistics Managers’ Index. The December Logistics Manager’s Index reads in at 57.3, down (-1.1) from November’s reading of 58.4. This slowdown in logistics activity is due to the seasonal wind-down in Inventory Levels, which dropped (-6.1) to 50.0 or “no change”. The no change designation does not tell the entire story. Inventory Levels actually increased, reading in at 57.9, for Upstream firms like...
Container market on the edge: Election uncertainty and global volatility to persist well into 2025
As we enter October 2024, the U.S. container trading market is experiencing heightened volatility due to several influencing factors. The recent strikes at East Coast ports, which began on October 1 and have since concluded, have left a lasting impact on supply chains while the focus shifts to the U.S. elections scheduled for November 5. ” The recent strikes may have ended, but the storm is far from over. With unresolved issues...
Tompkins Solutions names Steven Leavengood Senior VP of sales
Tompkins Solutions, a leading supply chain consulting and material handling integration firm, today announced that Steven Leavengood has joined the company as senior vice president of sales. In this role, Leavengood will be responsible for leading the business development and sales team for the fast-growing supply chain services firm. Leavengood has more than 25 years of domestic and international sales and management experience, with...
August 2023 Logistics Manager’s Index Report®
Growth is INCREASING AT AN INCREASING RATE for: Inventory Costs, Warehousing Utilization, and Warehousing Prices Growth is INCREASING AT AN DECREASING RATE for: Warehousing Capacity and Transportation Capacity Transportation Utilization is NEITHER INCREASING NOR DECREASING Inventory Levels and Transportation Prices ARE DECREASING In August the Logistics Manager’s Index read in at 51.2. This is a marked change for the index as before...
Alta Equipment Group Inc. announces pricing of upsized Secondary Offering of Common Stock
Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), a provider of premium material handling, construction and environmental processing equipment and related services, today announced the pricing of an upsized underwritten secondary offering of 2,200,000 shares of its common stock, par value $0.0001 per share (the “Common Stock”) by an affiliate of B. Riley Financial, Inc. (the “Selling Stockholder”) at a price to the...
EnerSys® supports 2023 National Forklift Safety Day with Power Solutions designed to enhance operator protection
EnerSys® is honoring once again the Industrial Truck Association (ITA) in support of National Forklift Safety Day (NFSD), providing customers with highly-sophisticated, virtually maintenance-free motive power solutions engineered to enhance operator protection. To help reduce exposure to workplace injuries, EnerSys® provides battery options that support converting material handling operations from liquid propane (LP) to electric power...
Inaugural railroad crossing elimination grants will advance safety and reduce delays
The U.S. Department of Transportation’s (USDOT) Federal Railroad Administration (FRA) announced inaugural funding awards of more than $570 million for the Railroad Crossing Elimination (RCE) Grant Program. This first round of funding will address more than 400 at-grade crossings in 32 states was authorized by last year’s bipartisan Infrastructure Investment and Jobs Act (IIJA). “The safest, best crossing is no crossing at all,” said...
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