Logistics Managers’ Index shows sustained growth, reaching its highest reading since September 2022, report shows.
Economic activity in bongdaso dữ liệu logistics industry continued its expansion streak in October, growing for bongdaso dữ liệu 11th straight month and reaching its highest level in two years, according to bongdaso dữ liệu most recent Logistics Managers’ Index report (LMI), released this week.
bongdaso dữ liệu LMI registered 58.9, up from 58.6 in September, and continued a run of moderate growth that began late in 2023. bongdaso dữ liệu LMI is a monthly measure of business activity across warehousing and transportation markets. A reading above 50 indicates expansion, and a reading below 50 indicates contraction.
October’s reading showed bongdaso dữ liệu fastest rate of expansion in bongdaso dữ liệu overall index since September of 2022, when bongdaso dữ liệu index hit 61.4. bongdaso dữ liệu results show that bongdaso dữ liệu industry is continuing its steady recovery from bongdaso dữ liệu volatility and sluggish freight market conditions that plagued bongdaso dữ liệu sector just after bongdaso dữ liệu Covid-19 pandemic, according to bongdaso dữ liệu LMI researchers.
“bongdaso dữ liệu big takeaway is that we’re continuing bongdaso dữ liệu slow, steady recovery,” said LMI researcher Zac Rogers, associate professor of supply chain management at Colorado State University. “I think, ultimately, it’s better to have bongdaso dữ liệu slow and steady recovery because it is more sustainable.”
All eight of bongdaso dữ liệu LMI’s indices grew during bongdaso dữ liệu month, with bongdaso dữ liệu Transportation Prices index showing bongdaso dữ liệu most growth, at nearly 6 points higher than September, reflecting increased activity across transportation markets. Transportation capacity expanded slightly during bongdaso dữ liệu month, remaining just above bongdaso dữ liệu 50-point threshold. Rogers said more capacity will enter bongdaso dữ liệu market if prices continue to rise, citing idle capacity across bongdaso dữ liệu market due to overbuilding during bongdaso dữ liệu pandemic years.
“Normally we don’t have this much slack in bongdaso dữ liệu market,” he said. “We overbuilt in 2021, so there’s more slack available to soak up this additional demand.”
Source: https://www.dcvelocity.com/editorial/featured/logistics-economy-grew-in-october
International trade has long served as a driving force for economic growth, innovation, and global collaboration. By enabling nations to specialize in bongdaso dữ liệu production of goods...
Delays in licensing approvals under China’s new export control regime are raising concerns about disruptions to global supply chains, particularly for critical materials essential...
bongdaso dữ liệu availability of widebody freighter capacity on bongdaso dữ liệu transpacific trade lane continues to rebound, though it has not yet reached bongdaso dữ liệu levels observed during bongdaso dữ liệu same period...
en
