Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review and is a contributor to Robotics 24/7. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis.
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April manufacturing output recedes after growing in March
May 1, 2024
The April PMI is 1.5% above the 12-month average of 47.7, with March’s 50.3 marking the high over that period and June 2023 marking the lowest, at 46.4.
Q1 sees a solid finish with strong U.S.-bound import growth, notes S&P Global Market Intelligence
May 1, 2024
March imports, at 2.489 million TEU (Twenty-Foot Equivalent Units), posted a 16% annual gain, and first quarter imports, at 7.537 million TEU, rose 15% annually, amid various supply chain disruptions.
Services sector sees continued growth in March, notes ISM
April 3, 2024
The Services PMI, at 51.5 (a reading of 50 or higher signals growth), fell 1.2% in March, while growing, at a slower rate, for the 15th consecutive month. This marks growth in 45 of...
ISM reports March manufacturing growth after 16 months of contraction
April 1, 2024
The report’s benchmark metric, the PMI came in at 50.3 (a reading of 50 or higher indicates growth), 47.8 reading in March, and contracting after 16 months of declines. ISM added that the...
February and year-to-date U.S. import growth see gains, reports S&P Global Market Intelligence
March 25, 2024
February imports, at 2.44 million TEU (Twenty-Foot Equivalent Units) increased 21% compared to February 2023. And when taking into account, the timing of the Lunar New Year, coupled with the impact of ongoing...
NRF 2024 retail sales forecast calls for growth
March 21, 2024
NRF is pegging 2024 retail sales to increase between 2.5%-to-3.5% to between $5.23 trillion and $5.28 trillion. Should this forecast come to fruition, NRF said that it would top 2023 retail sales, which rose 3.6%...
Services sector activity sees continued growth in February, ISM reports
March 5, 2024
The Services PMI, at 52.6 (a reading of 50 or higher signals growth), fell 0.8% in February, while growing, at a slower rate, for the 14th consecutive month. This marks growth in 44 of...
February manufacturing output declines, reports ISM
March 1, 2024
The report’s benchmark metric, the PMI came in at 47.8 (a reading of 50 or higher indicates growth), down 1.3% compared to January’s 49.1 reading, contracting, at a faster rate, for the 1...
Services economy starts 2024 strongly, reports ISM
February 5, 2024
The Services PMI, at 53.4 (a reading of 50 or higher signals growth), was up 2.9% in January, growing, at a faster rate, for the 13th consecutive month. This marks growth in 43 of...
January manufacturing output inches closer to growth territory, reports ISM
February 2, 2024
The January PMI is 1.9% above the 12-month average of 47.2, with January 2024 marking the high for that period, at 49.1, and June 2023, at 46.4, marking the lowest.