A February survey of logistics executives showed growth in the supply chain is “increasing at an increasing rate.”
The Logistics Managers’ Index, a reading on changes in several areas of the supply chain, increased 4.2 percentage points during February to 71.4%. The reading was notably higher than the historical average of 62.7% and well above the February 2020 level of 52.6%.
The LMI is a diffusion index wherein a reading above 50% indicates expansion and a reading below 50% indicates...
https://www.freightwaves.com/news/transportation-capacity-sees-accelerated-contraction-in-february