Transportation rates rose again in June as capacity across the sector tightened further, according to data from a monthly survey of supply chain professionals.
The Logistics Managers’ Index—a diffusion index in which a reading above 50 indicates expansion, while one below 50 signals contraction—returned a 92.4 reading for transportation prices in June. That was only 3.6 percentage points off the record pace set in May.
Transportation capacity (30.8) declined 90 basis points during the month, while transportation utilization (74.7) increased 5.2 points. Transportation capacity has declined in seven consecutive months…