All Hammonton, NJ, blueberry farmers will answer the same regarding weather and geographic location. The blueberry picking and packing season usually begins around mid-June and ends in early August, punctuated by the annual Red, White & Blueberry Festival in the Blueberry Capital on June 30, 2024. Hammonton, NJ, a town that we can all be…
The Logistics Manager’s Index (LMI) recorded 55.3 in June, slightly down (-0.3) from May’s reading of 55.6. The index has expanded for seven consecutive months and 10 of the last 11 months. Inventory Levels (+0.8) contracted for the second month at a rate of 47.4. With inventories down, we also saw associated dips in the…
Commercial vehicle inspectors put 570 commercial motor vehicles out of service for brake-related violations during the Commercial Motor Vehicle Safety Alliance’s annual unannounced Brake Safety Day on June 10. This year’s Brake Safety Day data found that of the 4,898 inspections conducted, 4,328 commercial motor vehicles had no brake-related out-of-service violations—88.4% of the total vehicles…
According to the USDA, net farm income is expected to drop by 25.5 % from 2023’s forecast of $155 billion to $116 billion in 2024 – nearly $40 billion. Decreasing farm revenues due to moderate crop prices and increased borrowing expenses are prompting a reassessment of significant purchases by farmers, creating an uncertain demand landscape…