It’s a dreaded word that no food manufacturer wants to hear…RECALL. The cause of over 48 million illnesses annually, nearly 25-30 food contamination incidents occur globally each week. 1 According to a study conducted by Ohio State University’s Robert Scharff, food recalls cost an estimated $55.5 billion a year when factoring in medical expenses, productivity loss and mortality. 2But how does this translate from a company standpoint?
Freight Index: According to the U.S. Department of Transportation’s Bureau of Transportation Statistics, freight transported via trucks, rail, air, waterways and pipelines decreased nationwide by 0.8% in June.1 The loss was mainly suffered by trucks and waterways while freight via air, intermodal and rail carloads saw an increase in freight.1