Today's Logistics Report: Freight Rail Slowing Down; Growing Timber Markets; Where’s My Sofa? The Covid-19 Omicron variant is hampering efforts to clear a backlog of about 100 container ships at the nation’s busiest port complex as infections rise among Southern California dockworkers.How did logistics prices rise in November?
A separate measure in the Logistics Managers’ Index that tracks overall logistics prices, including transportation, warehousing and inventory prices, reached a record in November, up 3.4% from October and a 14% increase year-over-year. The index was launched in 2016.Why is New York State pulling out of the logistics industry?
The state formally declared it was pulling out of its decadeslong partnership with New York to fight organized crime on the waterfront. A flood of big money is pumping up valuations of logistics startups as global bottlenecks raise the profile of a once-overlooked sector.