A monthly supply chain survey published Tuesday showed a jump in sentiment around transportation pricing. The Logistics Managers’ Index reported a 64.1 reading for transportation prices in October, a 5.7-percentage-point increase from September and the highest reading for the dataset since May 2022.
The LMI is a diffusion index wherein a reading above 50 indicates expansion while one below 50 signals contraction.
The one-year forward expectation for pricing was 81, up 1 point sequentially. If...
https://www.freightwaves.com/news/transportation-pricing-jumps-in-october-sentiment-survey-finds