Diesel stockpiles reached a 25-day low as: domestic output has decreased over the past couple of years, Russian oil sanctions remain, and US seasonal demand for diesel reached its highest level since 2007. The Northeast region consumes more diesel for residential heating than anywhere in the US. Currently, their reserves are a
According to the U.S. Census Bureau's most recent release of international trade in goods and services, imports of goods decreased by $4.1 billion to $270.1 billion. While areas such as industrial supplies and capital goods fell by $4.7 and $1.1 billion respectfully, automotive vehicles, parts, and engines however increased by $1.1 billion.
The Bridge Logistics team set a goal to raise $1,500 for The Leukemia & Lymphoma Society Light the Night walk event – and nearly tripled that amount with creative fundraising efforts. By hosting in-house giveaways and raffle events, employees were able to win fun prizes while raising funds for the well-known blood cancer foundation. And
The ISM.PMI came in at 50.9 percent last month, almost 2 points below August and the lowest reading we’ve seen since May of 2020. While anything over 50 does represent expansion, the rate of growth has either decreased or remained stagnant since May of this year. Of all the PMI’s subsets, inventory
Hurricane Ian made landfall last week with winds reaching upwards of 155 miles per hour; just 2 miles per hour shy of a category 5 hurricane. The devastation left behind in Fort Meyers and the surrounding areas will be felt for years to come. There are currently over 400k power outages along the
Hurricane Ian expected to make landfall on the West Coast of Florida Thursday morning as a category 3 with powerful winds gusts capable of reaching upwards of 120 MPH. Peak storm surges capable of reaching 5-10ft in the Fort Myers and Tampa Bay areas could lead to significant flooding. Surges coupled
Inbound Ocean TEU Volumes down 29% since the beginning of September. Inbound bookings of course a good leading indicator for future port demand. Bookings have been falling hard since the end of May and have yet to find a floor. US import customs data has yet to see significant declines in throughput as ports
As if there already weren’t enough reasons to join the Bridge team, our 12-year streak of nominations for the Cincinnati Business Courier’s Best Places to Work event should seal the deal. This year, the Bridge team sent 8 representatives from various departments to accept the nomination for our mid-sized 3PL in Cincinnati. As our team
Community involvement is one of the core values close to Bridge Logistics’ heart – and we’re excited to extend that to our customers. Throughout the month of September, Bridge Logistics will donate $1 for every load shipped to help researchers understand blood cancers better in partnership with the Leukemia & Lymphoma Society. “It’s a great
The latest release of the LMI, or the Logistics Managers Index, which is a diffusion index in which a reading above 50 is indicative of expansion in the logistics realm and below 50 is indicative of contraction, came in at 59.7 last month. This is the first time we’ve seen the LMI fall below
