Reported 1 day ago
In September, transportation capacity experienced a faster growth rate than pricing, according to the Logistics Managers’ Index (LMI), which recorded a capacity reading of 55.1. Although this was a decline from August, it indicates an ongoing trend of negative freight inversion, a potential harbinger of shifts in the transportation market. Additionally, transportation prices dropped to their lowest since April 2024, while inventory costs decreased. Despite current challenges, there is hope that seasonal demand may support the freight market in the coming months.
Source: YAHOO