Why this matters to buyers
Buyers of logistics and transportation services may experience upward pressure on costs due to the price surge, despite the contraction in available capacity.
Recommended buyer actions
- Review and stress-test logistics budgets to account for potential price increases.
- Engage with carriers to discuss capacity guarantees and pricing stability mechanisms.
Original source context
The August Logistics Managers’ Index (LMI) reveals a striking paradox in the freight market: transportation capacity continues its deep contraction with a reading of 40, yet prices are surging. This disconnect creates a challenging environment for carriers striving for profitability. Julie Van de Kamp breaks down the latest PMI and LMI data, exploring key indicators […] The post August LMI: Capacity at 40, Yet Prices Soar. Why This Disconnect? appeared first on FreightWaves.
Read the original report · FreightWaves