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Freight market's ‘holding pattern' continues in July
The logistics industry continued to expand in July, but the transportation market remains stuck in a 'holding pattern,' according to a monthly survey of supply chain professionals. The Logistics Managers' Index – a diffusion index in which a reading above 50 indicates expansion while one below 50 signals contraction – returned a 52.6 reading for transportation capacity in the month. While up only 20 basis points from June, the subindex continued to show that any recovery in the freight cycle is unlikely to come from the supply side. Sentiment around transportation capacity has signaled growth for more than three years now. (The dataset returned neutral readings of 50 twice last year.) 'So long as this metric comes in above 50.0, it is unlikely that we will have a truly robust expansion in the freight market,' a Tuesday report said. Even with the modest capacity expansion, both transportation utilization (59.5) and transportation prices (63) were up in the month, 6.6 percentage points and 1 point, respectively. Most truckload carriers have advanced initiatives to better utilize equipment through the protracted downturn, including the removal of tractors from service. July marked the highest utilization reading since January (60.1), with firms upstream in the supply chain, like wholesalers, reporting expansion (60.7) versus no change (50) among downstream retailers. Transportation pricing has remained firmly in growth mode this year, averaging a monthly reading of 63.2. The pricing index again grew faster than the capacity index, suggesting the freight market is recovering, albeit slowly. (The pricing dataset has outpaced the capacity dataset by an average of 10 points in each month this year.) Respondents returned a 12-month-forward prediction of 75.5 for the pricing subindex. The overall LMI came in at 59.2 for the month, down 1.5 points from June. The all-time average for the dataset is 61.5. Smaller firms – companies with less than 1,000 employees – and upstream companies drove activity in the supply chain during July, with both reporting higher inventories. Overall, inventory levels (55.6) fell 4.2 points in the month. Smaller companies reported rapid expansion in inventory (64.8). Most of the smaller respondents are distributors, wholesalers and logistics service providers that reside in 'the middle mile of the supply chain,' between ports, manufacturers and retailers. Upstream firms saw expansion (58.5) versus contraction among downstream companies (47.6). A decline in stock levels among retailers was said to be 'due to the start-stop nature of tariffs.' The growth in inventories kept inventory costs (71.9) elevated, albeit 9 points lower than in June. Warehouse capacity (51.1) was up 3.3 points, crossing back into expansion territory. Capacity was 10 points tighter for smaller companies given their inventory additions. Warehouse utilization (59.4) fell 2.8 points while warehouse prices (68.3) were unchanged, maintaining a 'robust rate of expansion' in the month. Logistics real estate investment trust Prologis (NYSE: PLD) said on Monday that it is just a matter of time before market rents increase, noting well-capitalized, large-scale tenants are moving forward with leasing plans despite an uncertain macroeconomic backdrop. The LMI is a collaboration among Arizona State University, Colorado State University, Florida Atlantic University, Rutgers University and the University of Nevada, Reno, conducted in conjunction with the Council of Supply Chain Management Professionals. More FreightWaves articles by Todd Maiden: Beleaguered TL carrier Pamt Corp. names new CEO XPO sees 'massive runway' to push margins higher Schneider National not yet choosing sides on potential changes to railroad landscape The post Freight market's 'holding pattern' continues in July appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 minutes ago
- Yahoo
Starbucks under pressure again as Brazilian tariffs hike coffee costs
Starbucks (SBUX) may soon have to hike prices on its pumpkin spice lattes and bottled Frappuccinos. The coffee giant is facing cost pressure from the 50% tariff on Brazilian coffee imports, which takes effect on Aug. 6. Brazil is the largest coffee exporter to the US. Tariffs will increase Starbucks' cost of goods, particularly for its ready-to-drink (RTD) beverages and packaged beans division. Annual costs in the division could increase by 3.5%, resulting in a $0.02 earnings per share impact, according to a note by TD Cowen analyst Andrew Charles. The company's margins are already under pressure. In its latest quarter, operating margin fell sharply to 13.3% from 21% a year ago. Its US same-store sales declined for the sixth consecutive quarter. Revenue in the quarter climbed 4% year over year to $9.5 billion, beating Wall Street's forecast of $9.3 billion. However, adjusted earnings per share of $0.50 fell far short of the expected $0.65. Its stock has traded slightly lower since its earnings report last week. Year to date, Starbucks shares are down 1%, compared to the S&P 500's (^GSPC) 8% advance. Starbucks has said it will keep prices steady at least through fiscal 2025. But CEO Brian Niccol has not ruled out the possibility of raising prices. "We'll be smart about how we go about increasing any of those prices," Niccol said on Yahoo Finance's Opening Bid after the earnings report. Food giants like Keurig Dr Pepper (KDP) and J.M. Smucker (SJM) have already begun issuing higher prices to offset rising coffee expenses. As costs climb, it may become increasingly difficult for Starbucks to hold out. Read more: How to protect your savings against inflation Raising prices comes with its own risks. Michael Gunther, head of research at Consumer Edge, told Yahoo Finance that Starbucks has been losing market share among 18-to-34-year-olds, a demographic especially sensitive to price hikes. The company needs to remain competitive with fast-growing rivals like Luckin Coffee, he noted. To mitigate the impact, Starbucks is expanding its supply chain and investing more in Central American coffee farms, which it began doing late last year. A Starbucks spokesperson confirmed to Yahoo Finance that the company sources its arabica coffee from 30 countries globally. TD Cowen estimates Brazilian beans make up 22% of Starbucks' coffee costs in North America. Tariffs are expected to affect the wider US coffee sector, fueling 15% to 20% price hikes in ground coffee at a retail level, according to Bernstein analyst Danilo Gargiulo. Gargiulo told Yahoo Finance that Starbucks' hedging strategy may serve as a safeguard against tariffs. Hedging allows companies to secure prices in advance and manage future spending, even when market conditions become volatile. A global reorientation is already underway, Gargiulo noted, with US importers pivoting toward alternative suppliers such as Vietnam and Colombia. "There is zero doubt that they [Starbucks] are working hard to figure out how much supply they can shift, but it's a challenging task," Duane Stanford, editor at Beverage Digest, told Yahoo Finance. These sourcing shifts offer only limited protection because restructuring supply chains takes time and capacity is constrained. Other coffee-producing countries like Vietnam also face tariffs, albeit lower than Brazil's. The Trump administration's constant changes further complicate the matter. "The company has to decide how much effort to put into these alternatives without knowing whether the tariffs will remain in place," Stanford said. Francisco Velasquez is a Reporter at Yahoo Finance. He can be reached on LinkedIn and X, or via email at Sign in to access your portfolio
Yahoo
6 minutes ago
- Yahoo
ATTOM NEXUS: EXPLORE AND ACCESS PROPERTY, NEIGHBORHOOD & ANALYTICS DATA AT SCALE
ATTOM Nexus empowers data teams with fast, transparent access to ATTOM's extensive nationwide data catalog across multiple delivery platforms IRVINE, Calif., Aug. 5, 2025 /PRNewswire/ -- ATTOM, a leading curator of land, property data, and real estate analytics, today announced the launch of ATTOM Nexus, a new self-service platform designed to simplify how organizations evaluate and integrate ATTOM's expansive data offerings. From parcel-level property records to hyperlocal neighborhood boundaries and community analytics, ATTOM Nexus brings greater transparency to the data experience and empowers both seasoned professionals and first-time users to explore ATTOM's data universe with speed and confidence. ATTOM Nexus was built to modernize the way teams interact with property data. For too long, accessing and evaluating this type of data has been limited to insiders with specialized tools and experience. ATTOM Nexus sets a new standard by delivering a best-in-class, intuitive platform for exploring property datasets. It borrows from industries that have embraced transparency and user-friendly design, and offers flexible delivery options, including file-based access and modern platforms like Snowflake. "Our clients aren't just working with property records anymore. They're building sophisticated solutions that combine property, neighborhood, and lifestyle data at scale," said Todd Teta, Chief Product & Technology Officer at ATTOM. "With ATTOM Nexus, we've created a best-in-class experience that makes it easier than ever to see what data is available, evaluate its quality, and start putting it to work." Nexus Highlights: Unified Data Exploration – Explore metadata and schema across property, neighborhood, geospatial and analytics datasets. Coverage Visualization Tools – Discover exactly where each dataset is available, all the way down to individual counties. Delivery Mapping – Understand exactly how datasets are structured and delivered across formats, including Snowflake, S3, and other supported methods. Self-Service Access – Navigate the data catalog independently, reducing onboarding friction and support cycles. Designed for Data Teams at Scale – ATTOM Nexus helps organizations explore and evaluate ATTOM's datasets with the speed and clarity required for high-volume data integration. ATTOM Nexus raises the bar for data quality transparency. It gives users direct access to the underlying metadata, including how datasets are structured, where the data comes from, and how complete it is. That level of visibility helps teams, especially those less familiar with property data, quickly understand what they are getting and whether it meets their standards for quality and coverage. ATTOM Nexus is now available to ATTOM clients via secure login and is also open to new users through free registration. Visit ATTOM Nexus – A Self-Service Data Platform for Property Data to explore the platform and experience a new standard in property data transparency. About ATTOM ATTOM powers innovation across industries with premium property data and analytics covering 158 million U.S. properties—99% of the population. Our multi-sourced real estate data includes property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, neighborhood and geospatial boundary information, all validated through a rigorous 20-step process and linked by a unique ATTOM ID. From flexible delivery solutions—such as Property Data APIs, Bulk File Licenses, Cloud Delivery, Real Estate Market Trends—to AI-Ready datasets, ATTOM fuels smarter decision-making across industries including real estate, mortgage, insurance, government, and more. Media Contact:Megan Data and Report Licensing:datareports@ View original content to download multimedia: SOURCE ATTOM Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
