Freight transportation markets inched closer to equilibrium in August, according to data compiled in the Logistics Managers’ Index (LMI).
The Tuesday report displayed a reading of 60.5 for transportation capacity during the month, which is still well into expansion territory but the slowest growth rate logged since April 2022. The subindex was 5.1 percentage points lower than in July.
The impact from less-than-truckload carrier Yellow’s exit was not quantified in the report. The carrier was...
https://www.freightwaves.com/news/august-transportation-prices-decline-at-slowest-pace-in-a-year