Reported 20 days ago
A recent supply chain survey revealed a significant increase in transportation pricing in October, marking a 64.1 reading on the Logistics Managers’ Index, the highest since May 2022. The report indicates a potential shift back to a thriving freight market, with transportation capacity showing slight expansion after starting the month in contraction. Despite ongoing challenges, sentiment remains optimistic, suggesting inventory levels are preparing for the holiday season, although rates of recovery are expected to be more gradual than in previous years.
Source: YAHOO