Transportation capacity expanded for a second straight month in May after falling for nearly two years, according to a monthly survey. Overall activity in the supply chain remained firm during the month.
The Logistics Managers’ Index (LMI), a measure of overall supply chain conditions, dipped 2.5 percentage points from April to 67.1 in May. A reading above 50 indicates expansion while a reading below 50 indicates contraction.
The transportation capacity subindex jumped 7.8 points to 64.7. That...
https://www.freightwaves.com/news/transportation-capacity-up-again-in-may-prices-still-climbing