Transportation metrics were less bad in October, according to a survey of supply chain executives.
The Logistics Managers’ Index (LMI) report showed transportation capacity continued to expand and pricing continued to decline but at less severe rates. The data is compiled in a diffusion index where a reading above 50 indicates expansion while one below 50 signals contraction.
Transportation capacity (56.7) continued to increase in October but at a rate that was 7.6 percentage points lower than in September.
