Reported about 6 hours ago
The October Logistics Managers' Index (LMI) indicates that while the logistics sector has stabilized after a prolonged freight recession, price increases are outpacing capacity growth. The index shows transportation capacity growth slowed to 54.5, the lowest in three months, while transportation prices rose to 61.7, reversing previous trends where capacity grew faster than rates. Retailers are experiencing heightened pricing pressure, while overall inventory levels have contracted for the first time since July 2024. This dynamic shift suggests potential challenges for consumer spending despite predicted retail sales increases.
Source: YAHOO