LMI: Freight market recovery in ‘full-swing’

A monthly report compiling sentiment among supply chain managers said February provided more evidence “that the long-awaited freight market comeback is in full-swing.” The Logistics Managers’ Index—a diffusion index in which a reading above 50 indicates expansion while one below 50 signals contraction—returned a reading of 41 for transportation capacity in February. That was 6 percentage points lower than January and on par with November 2021—”the height of the covid shipping boom.” The squeeze on capac ...