Transportation capacity contraction slows in August

Transportation capacity continued to dwindle in August, but at the slowest rate recorded in six months. Transportation pricing, however, continued to surge, according to a monthly sentiment survey of supply chain professionals. The Logistics Managers’ Index signaled further tightening in transportation capacity last month, returning a reading of 40. That was 11. 6 percentage points slower than July’s contraction rate, which was the second-fastest recorded in the 10-year history of the dataset.