Transportation pricing up again in November, sentiment survey shows [Yahoo! Finance]
Schneider National, Inc. (SNDR)
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Source: Yahoo! Finance
The Logistics Managers' Index, a monthly query of supply chain managers, registered a 52.6 reading for transportation capacity in the month. That was up 1.7 percentage points from October. Transportation utilization (60.5) ticked up less than 1 point while transportation pricing (63.8) remained near October's two-year high. The pricing metric faced a modest headwind as diesel prices were roughly 2% lower than in October. Transportation prices have remained inflationary in every month of 2024 except April, according to the report. The LMI is a diffusion index wherein a reading above 50 indicates expansion while one below 50 signals contraction. The muted sequential change rates in transportation metrics provide “further evidence that the freight market has moved back into equilibrium,” the report stated. Transportation capacity contracted slightly in the second half of November after posting a 57.3 growth rate in the first 18 days of the month. The subindex hasn't contracted f
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