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Released: April 2, 2008
Logistics Salaries Remain Flat
According to the 24th Annual Logistics Management Salary Survey, the median salary hasn’t increased for three years. However, a surprising 57% say they’re satisfied with their careers despite the lack of pay increase. Last March, Logistics Management cited to NASSTRAC embers that the key reason was that annual compensation for logistics and SCM professionals was in the early stages of a “leveling off” phase after logistics pros enjoyed 10 years of consistent salary growth form 1994-2004. The average participant in 2008: 45-year-old, college-educated male, has been in his current position for 4.8 years, 15 years average length of work experience.
Tom Donahue Speaks: U.S. Chamber’s Position on Infrastructure
A major focus of the U.S. Chamber of Commerce—along with our coalition Americans for Transportation Mobility—is ensuring Congress and the administration continue to meet the commitments made through SAFETEA-LU, and preparing for the challenges that the next surface transportation reauthorization will pose. SAFETEA-LU utilizes all available revenues projected to be collected by the Highway Trust Fund (HTF) through fiscal year 2009 for surface transportation improvements. However, recent budget projections by the administration and Congressional Budget Office show that the HTF have a negative $4.3 billion balance in fiscal year 2009. Tom Donahue, President and CEO of the U.S. Chamber of Commerce, will be the keynote speaker at the upcoming NASSTRAC Conference & Logistics Expo April 27-30 in Orlando.
The Chamber believes that Congress should ensure that HTF revenues are sufficient to support the guaranteed funding levels in SAFETEA-LU and Congress should not cut the obligation limitation for the federal-aid Highway Program in order to achieve HTF solvency. The Chamber supports Highway Trust Fund solvency proposals including:
- Reimbursing the HTF for emergency expenditures paid out of the fund since 1998.
- Restructuring current fuel tax exemptions and the refunds provided to state and local governments to be General Fund supported activities in a manner that holds current exemption recipients harmless.
- Implementing additional mechanisms to crack down on fuel tax evasion.
Manufacturing Orders and Overall Shipping Declines
The U.S. Census Bureau reported Wednesday that new orders and shipments for manufactured goods declined in February. This decline was not as bad for durable goods as previously reported, but new orders for all manufactured goods dropped $5.7 billion or 1.3 percent to $424.4 billion, the Census Bureau reported. The decline was slower than the 2.3 percent decrease in January. Shipments, down two of the last three months, decreased $9 billion or 2.1 percent to $423 billion, following a 1.1 percent January increase. Shipments of durable goods fared worse than nondurable goods. Down three of the last four months, shipments of durable goods fell $5.8 billion or 2.7 percent to $210.8 billion, revised from the previously published 2.8 percent decrease. Shipments of manufactured nondurable goods decreased $3.2 billion or 1.5 percent to $212.1 billion. Petroleum and coal were hit hardest, falling $1.2 billion or 2.4 percent to $50 billion. Unfilled orders, up thirty-three of the last thirty-four months, increased $7.5 billion or 0.9 percent to $822.4 billion. Inventories, up twelve of the last thirteen months, increased $2.8 billion or 0.5 percent to $538.4 billion. |