April Services PMI is down from March but still is strong, reports ISM

The reading for the report’s key metric— the Services PMI (formerly the Non-Manufacturing PMI)—came in at 57.1 (a reading of 50 or higher signals growth)—fell 1.2%, growing, at a slower rate, for the 23rd consecutive month. Services sector growth has remained intact for 145 of the last 147 months through April, said ISM.

source https://www.supplychain247.com/article/april_services_pmi_is_off_from_march_but_still_is_strong_reports_ism

Comments

How Modern Logistics Companies Turn COVID Chaos into Long-Term Business Efficiency

COVID persists and supply chain operations are not expected to break from the current mode of remote workforce operations, however, smart operators are creating new opportunities by adopting forward-looking TMS solutions. source https://www.supplychain247.comhttps://www.supplychain247.com/article/logistics_companies_turn_covid_chaos_into_long_term_business_efficiency

FTR’s Shippers Conditions Index falls to a new record low reading

The February SCI came in at -17.9, down from January’s -10.1, topping March 2021 as the “toughest month to date for shippers,” noted FTR. But that comes with the caveat that February’s record is not likely to be lasting, with March expected to record an even lower reading, it said, stating that some rate relief will not nearly offset a surge in diesel prices. source https://www.supplychain247.com/article/ftrs_shippers_conditions_index_falls_to_a_new_record_low_reading

2023 General Rate Increase Guide for FedEx & UPS Shipping

source https://www.supplychain247.comhttp://www.supplychain247.com/paper/2023_general_rate_increase_guide_for_fedex_ups_shipping

Supply chain trade & visibility

Search This Blog