PSP Worldwide Logistics London’s Post

American companies are spending 11% less on logistics services in 2023, yet the ratio of logistics costs to nominal U.S. GDP was still 8.7%, compared to 9.1% in 2022 and 7.7% in 2019. For context, the lower the ratio, the better. Smaller ratio means means the country's logistics system is more efficient as the cost of getting goods to consumers is a smaller piece of the total economic pie. Between 2012 and 2019, the ratio of logistics expenses to GDP only ticked above 8% one time.

Noatum Logistics, part of AD Ports Group's Logistics Cluster, has released its May 2024 Market Report, highlighting positive global freight trends. Key Insights: - Global GDP growth and manufacturing PMI are exceeding expectations. - Air freight demand from the Middle East and South Asia to Europe remains strong despite regional variances. - Ocean freight sees rate hikes on Asia outbound lanes due to increased demand and equipment challenges. - US road freight demand is rising, signaling a manufacturing rebound, while EU volumes decline. Despite challenges, the global freight market shows signs of growth and recovery. Download the full report for detailed insights. #Logistics #GlobalFreight #EconomicGrowth #MarketReport #NoatumLogistics #ADPortsGroup #SupplyChain #Trade

With 2023 already showing weak economic development, this trend continues in the first quarter of 2024. The mood in Europe is subdued, while short- and medium-term forecasts are also cautious. In this issue of DHL Road Freight Market News, we take a closer look at key details and trends for January, February, and March 2024. Where does the EU economy stand after the first quarter of 2024 and how is the European road freight market performing? Road Freight Market News: https://lnkd.in/eVk2sNyE

Fyi: US / United States: #Freightdemand in US. All: “Slowing U.S. economy to affect freight demand... S&P Global Market Intelligence predicts that the growth of U.S. freight tonnage will be lower than the country’s GDP growth in 2024. This is because of reduced consumption and inventory building in the second half of the year. For more information, visit: https://lnkd.in/gGFc89mt. #StartLouis #StartLouisWereStartUpsFoundersStar Ed Schneider ….. https://lnkd.in/gDxUBYqM

📊 Market Update - May 2024 📊 Our latest market report reveals encouraging economic signs and promising trends across the global freight market. Despite some regional challenges, the overall outlook shows growth and recovery potential in all freight modes. For a detailed analysis and insights, download our full report 👉 https://lnkd.in/dS-AHJw4 #marketupdate #logistictrends

In the second quarter of 2024, the outlook for economic development remains restrained, although there are some indications of growth. In Europe, the sentiment is somewhat ambiguous and short- and medium-term forecasts remain cautious. In this issue of DHL Road Freight Market News, we take a closer look at key details and trends for April, May, and June 2024. Where does the EU economy stand after the second quarter of 2024 and how is European road freight developing? Road Freight Market News: https://lnkd.in/e-gUmGgA

What do you need to know about the European road freight market? Just read our DHL Road Freight Market Update Q2/2024 and you will find out!

EU Industry indicators for March show a slight uptick with the overall and export orderbook - even though the overall balance of expectations remain negative. The biggest uptick among large economies was in France, but even Germany and Italy were looking less worse. At the same time finished product inventories seem to be trending downward, production trend and expectations up, selling price expectations generally positive. The series in the image shows seasonally adjusted (SA) and non seasonally adjusted (NSA) figures. #EU #manufacturing #economy Trade Data Service

Despite challenges in 2023, such as high inflation and geopolitical tensions, the global economy expanded by approximately 2.9%, as reported by the International Monetary Fund. Forecasts suggest this resilience will persist, with growth rates of 2-3% per year. How is the EU economy fairing in Q1 2024, and what is happening in the European road freight market? Find out more here: https://okt.to/FawgMG

The logistics industry is adjusting post-pandemic, showing an 11% drop in spending for 2023. Despite this decrease, costs remain relatively high after significant increases in 2021 and 2022. Interestingly, logistics costs as a percentage of the U.S. GDP were 8.7% last year, down from 9.1% in 2022, highlighting improvements in efficiency. Want to know more about the state of logistics today? Check out the full report on FreightWaves. #logistics #inflation https://lnkd.in/e449QUZU