According to the Logistics Managers’ Index (LMI), transportation capacity saw a growth, registering at 63.3 in December, 1.5 percentage points higher than November. This increase, especially notable in the latter half of the month, was attributed to last-minute holiday-related shipments. Conversely, transportation prices continued to decline, falling to 43.1, down 1.1 points from November. Lower fuel prices were a key factor in this decline. The forward-looking expectations suggest a major shift in the industry, with transportation capacity predicted at 51 and prices at 70.3, indicating an end to the freight recession ongoing since April 2022.
To read this article on Freightwaves click here: Transportation capacity up again in December, prices fall faster – FreightWaves
