Why this matters to buyers
Buyers in the fastener and manufacturing supply chain may face higher transportation costs and potential delays due to tight freight capacity. The cautious stance of manufacturers suggests potential caution in production planning and inventory management.
Recommended buyer actions
- Review and secure transportation contracts early to mitigate cost increases.
- Diversify logistics partners to improve capacity access.
- Monitor manufacturer sentiment for potential production adjustments.
Original source context
SummaryView Transcript The latest Logistics Managers’ Index (LMI) report reveals a robust but extremely tight freight market, with transportation capacity hitting near-record lows. Shippers are struggling to find capacity, pushing transportation prices higher, a trend not seen since 2022. While retailers gain consumer confidence, manufacturers remain cautious. Dive into the data to understand the pressures […] The post Is The Freight Market Headed For a Crisis? What the LMI Says appeared first on FreightWaves.
Read the original report · FreightWaves