Logistics Costs Expand Fastest in Four Years Amid Inventory Build-up
1 report, 1 independent
Updated Tue 00:00
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What happened
The October Logistics Managers’ Index rose to 70.7, marking the second highest reading in four years. Inventory levels increased by 8.0 points as retailers prepared for holiday sales. Aggregate logistics costs expanded fastest in more than four years due to rising inventory, warehousing, and transportation prices.
From dcvelocity.com
Why it matters
The expansion in logistics costs, coupled with rising inventory costs, may foreshadow continued supply-driven inflation. This trend occurred even as warehousing and transportation capacity indices contracted during the month.
From dcvelocity.com
Who's involved
- LMIReleased the October Logistics Managers’ Index (LMI)
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The entities involved
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LMI
company in McLean, United States