trucks parked in lot

Transportation market loosens again in August

From FreightWaves.

The transportation market continued to loosen in August, according to supply chain data published Tuesday. The Logistics Managers’ Index (LMI) showed capacity was up again with prices in decline for a second straight month.

While the growth rate for transportation capacity slowed 4.8 percentage points in the month, at a reading of 64.3, the subindex remained solidly into expansion territory. A reading above 50 indicates expansion while one below 50 indicates contraction. August marked the fifth month in a row for capacity additions, and the trend is expected to hold as survey respondents returned the same number (64.3) when pondering the capacity dynamic 12 months from now.

See the complete article on the FreightWaves website.