--- title: MFW Musings - December 2023 - MyFreightWorld description: "  Container Freight: The U.S. imported 2,099,408 twenty-foot equivalent units of containerized goods (TEUs) last month. (Source: Freight..." image: https://blog.myfreightworld.com/hubfs/Imported_Blog_Media/Monthly-Musings-December-2023-1.png --- [Skip to content](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-december-2023#main-content) ![MYFREIGHTWORLD LOGO-1](https://blog.myfreightworld.com/hs-fs/hubfs/MYFREIGHTWORLD%20LOGO-1.png?width=1499&height=786&name=MYFREIGHTWORLD%20LOGO-1.png) Open main navigation Close main navigation - [Get Quote](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-december-2023#Webquote) [Get Quote](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-december-2023#Webquote) Dec 19, 2023 4:52:34 AM # MFW Musings – December 2023 [mike](https://blog.myfreightworld.com/blog-posts-myfreightworld/author/mike) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-december-2023) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-december-2023) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-december-2023) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-december-2023) [envelope icon](mailto:?body=https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-december-2023)   #### **Container Freight:** - The U.S. imported 2,099,408 twenty-foot equivalent units of containerized goods (TEUs) last month. (Source: [Freight Waves](https://www.freightwaves.com/news/us-imports-dragged-down-by-seasonality-panama-canal-crisis)) - This was a 9% MoM decrease, and 7.4% increase YoY. - Along with seasonality, this is MoM decrease is partly due to a decrease in capacity that the Panama Canal can handle with lower water levels. - Ocean carriers are facing overcapacity as new ships are delivered, keeping spot rates low. #### **Logistics Manager Index (LMI):** - The LMI was 49.4 in November, down 7.1 from October’s 56.5 (Source: [the-lmi.com](https://www.the-lmi.com/november-2023-logistics-managers-index.html)) - This is the first dip from the past three months in expanding rates. - Notable components were: - Warehouse capacity (+3.6) - Transportation capacity (+5.2) - Warehouse utilization (-14.0) - Transportation utilization (-10.7) #### **US Manufacturing Purchasing Manager’s Index (PMI):** - The PMI registered at 46.7 percent, showing no change MoM. (Source: [www.ismworld.org](https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/november/)) - This marks the 13th consecutive month of contraction. - The New Orders Index (often seen as a leading indicator) remained in contraction at 48.3, 2.8 points higher than October. #### **Trucking Tonnage:** - The ATA marked trucking tonnage at 114.7, which is a 2.5% decline MoM (Source: [Transport Topics](https://www.ttnews.com/articles/november-tonnage-number-increases-year-over-year-declines-month-month)) - While still up YoY by 0.8%, this marks the largest monthly dip since the start of the pandemic. #### **Retail Sales:** - Retail sales saw a 0.3% increase MoM to $705.7B, reflecting a spike due to holiday shopping (Source: [www.census.gov](https://www.census.gov/retail/sales.html)) - The YoY mark shows growth from Nov. 2022, which reported $689.4B. #### **Cass Freight Index:** - The Cass freight index reported a continued decline in MoM and YoY (Source: [www.Cassinfo.com](https://www.cassinfo.com/freight-audit-payment/cass-transportation-indexes/november-2023)) - The Expenditures index for November reports 3.044, yielding a 1.3% decrease MoM, and a 18.3% decrease YoY. - The Shipments index shows November at 1.094, which is a 1.3% decrease MoM and 8.9% decrease YoY. #### **Logistics Management:** - With Yellows sunset, the distribution of assets can yield a more consolidated LTL sector (Source: [www.logisticsmgmt.com](https://www.logisticsmgmt.com/article/yellow_terminals_dispersal_means_ltl_sector_becoming_even_more_consolidated/equipment)) - With capacity opening back up into the market, pricing stays in favor of the LTL carriers. - Shippers will need to be prepared to see larger than normal increases in LTL prices, with some estimates reaching 6-8%. [MFW News](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/mfw-news), [Industry Insights](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/industry-insights) ## Related posts [![](https://blog.myfreightworld.com/hs-fs/hubfs/Imported_Blog_Media/Monthly-Musings-February-2024.png?height=200&name=Monthly-Musings-February-2024.png)](https://blog.myfreightworld.com/blog-posts-myfreightworld/monthly-musings-february-2024) [MFW News](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/mfw-news), [Industry Insights](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/industry-insights) ## [Monthly Musings – February 2024](https://blog.myfreightworld.com/blog-posts-myfreightworld/monthly-musings-february-2024) [mike](https://blog.myfreightworld.com/blog-posts-myfreightworld/author/mike) Feb 19, 2024 5:15:20 AM Trucking Industry News [Read more](https://blog.myfreightworld.com/blog-posts-myfreightworld/monthly-musings-february-2024) [![](https://blog.myfreightworld.com/hs-fs/hubfs/Imported_Blog_Media/MM-November-Image.png?height=200&name=MM-November-Image.png)](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-november-2023) [MFW News](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/mfw-news), [Industry Insights](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/industry-insights) ## [MFW Musings – November 2023](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-november-2023) [mike](https://blog.myfreightworld.com/blog-posts-myfreightworld/author/mike) Nov 27, 2023 2:54:13 AM The U.S. imported 2,307,918 twenty-foot equivalent units of containerized goods last month.... [Read more](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-november-2023) [![](https://blog.myfreightworld.com/hs-fs/hubfs/Imported_Blog_Media/MM-October-Image.png?height=200&name=MM-October-Image.png)](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-october-2023) [Industry Insights](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/industry-insights) ## [MFW Musings – October 2023](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-october-2023) [mike](https://blog.myfreightworld.com/blog-posts-myfreightworld/author/mike) Oct 26, 2023 4:24:02 AM October 2023 Insights [Read more](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-october-2023) --- ## Powerful alone. Stronger together ### **Peace of Mind** We handle logistics, allowing you to focus on growing your core business. 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