Transportation capacity remains on a downward trajectory while prices and utilization are “increasing at an increasing rate,” according to a supply chain survey released Tuesday.
The transportation capacity subindex of the Logistics Managers’ Index (LMI) increased 560 basis points to 40.5% in August, meaning available transportation capacity was still shrinking during the month, just at a slower rate.
The LMI is a diffusion index wherein a reading above 50% indicates expansion and a reading below...
https://www.freightwaves.com/news/transportation-capacity-dips-further-prices-keep-surging