Afternoon Coffee: US Services Sector Sluggish, Freight Volumes Take a Hit Due to ‘De-Stocking’ Trend Kaitlyn McAvoy - August 25, 2015 12:22 PM | Categories: Afternoon Coffee | Tags: General News Growth in the US services sector slowed during August, according to Markit’s latest “flash” reading of its Purchasing Managers Index. The index fell to 55.2 this month after hitting 55.7 in July. Freight volumes on highways and railways are falling in the US as companies engage in “destocking” to cut down on inventories of products. This inventory correction movement is expected to continue through the third quarter of the year, sources said. A new report shows the dire need for supply chain risk management, especially following the explosions in Tianjin, China. However, studies have shown too few companies take SCRM seriously. Salesforce.com launched its Salesforce Financial Services Cloud, a new solution targeting the wealth management industry. SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels Discuss this: Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.