Transportation prices flipped to expansion for the first time in 19 months as retailers increase inventories, a Tuesday supply chain report said.
The Logistics Managers’ Index (LMI) was up 5 percentage points to 55.6 in January with all eight components of the index signaling growth. The LMI is a diffusion index in which a reading above 50 indicates expansion while one below 50 signals contraction.
This index has been in expansion territory for five of the past six months.
“This growth is driven...
https://www.freightwaves.com/news/transportation-prices-grow-for-first-time-in-19-months-survey-says