Shipments

The company said that this business unit now has more than $200 million euro ($218.2 million USD) in freight under management and is on track for $2 billion ($2.18 billion USD) by 2028.

February’s shipment reading, at 1.115, saw a 4.5% annual decrease, and February expenditures, at 3.225, were down 19.8% annually.

Company officials said that this new facility is a full-service operation where the company processes shipments and directly serves customers at its new retail ServicePoint counter. And they added that the $7.3 million facility also increases shipment capacity and also enables faster processing, which results in faster pickup cutoff times for Eastern Virginia-based shippers.

January’s shipment reading, at 1.039, fell 7.6% annually, and January expenditures, at 3.102, fell 24.3% annually.

The report’s fourth quarter shipment index value, at 95.0, was down 10.9% compared to the third quarter and down 15.7% annually. On the spend side, the report observed that the fourth quarter reading, at 233.9, fell 13.5% annually and was down 1.4%, from the third quarter to the fourth quarter.

The survey’s findings were based on feedback from more than 1,400 North American shippers across various sectors and was conducted late last year. Topics covered in the survey included measuring the use of and interest in various supply chain services compared to last year’s survey, if businesses are predicting an increase or decrease in shipments in 2024, how important a carrier’s sustainability program is to a shippers’ decision making, and identifying the biggest challenge with international shipments in 2024.

December’s shipment reading, at 1.077, was down 7.2% annually, and December expenditures, at 3.230, were off 23.7% annually.

November’s shipment reading, at 1.094, was down 8.9% annually, less steep than October’s 9.5% annual decrease, and November expenditures, at 3.331, were off 25.6% annually, topping October’s 23.3% annual decline, while falling 1.3%, from October to November.

October imports, at 2.64 million TEU (Twenty-Foot Equivalent Units), increased 5% annually, following a 1% annual gain in September. On a year-to-date basis through October, imports are down 11.5%, to 24.02 million TEU.  

October’s shipment reading, at 1.108, was down 9.5% annually, and October expenditures, at 3.375, fell 23.3% annually

The report’s third quarter shipment index value, at 106.6, was down 3.4% compared to the second quarter and was down 9.7% annually, marking the fifth consecutive quarter of annual shipment declines. On the spend side, the report observed that the third quarter reading, at 106.6, fell 9.7% annually and was down 3.4%, from the second quarter to the third quarter.

September’s shipment reading, at 1.163, fell 6.3% annually, and September expenditures, at 3.452, were off 25.4%.

MNX has more than 800 employees in 190 countries, according to UPS. Its network includes more than 2,500 agent partners, more than 45,000 couriers, and more than 700 forward stocking locations.

August imports, at 2.88 million TEU (Twenty-Foot Equivalent Units), were down 12% annually, and were ahead of July’s 2.53 million TEU and June’s 2.43 million TEU. This marked the 13th consecutive month of annual declines. On a year-to-date basis through August, imports are down 14.8% annually, at 18.82 million TEU.

August’s shipment reading, at 1.143, fell 10.6% annually and up 1.9% compared to July, and August expenditures, at 3.459, were down 25.0% annually, in line with August’s 24.4% decline, and were up 1.1% compared to July.