Another sign of a potential inflection point in the freight cycle was provided Tuesday in a report highlighting data compiled in the Logistics Managers’ Index (LMI).
“The freight recession is still ongoing, but in a continuation of what we have observed since late July it seems that cracks in the recession are beginning to form,” the report read.
Transportation prices (43.5) fell again in September but the rate of decline has improved from the record pace set in May. The data set was down just 1 percentage point year over year (y/y) during the month. Downstream companies closer to the consumer (retailers) returned a neutral pricing reading of 50 compared to a 39.7 reading from upstream companies (wholesalers and manufacturers).
