Transport Prices Fall At The Fastest Rate On Record ...Middle East

OILPRICE - Economy
Transport Prices Fall At The Fastest Rate On Record
source : OILPRICE ( Middle East ) () 14
Transportation capacity continued to grow at a high rate during November with prices falling at the fastest rate on record, according to a monthly survey of supply chain executives released Tuesday. The Logistics Managers’ Index (LMI) displayed a capacity reading of 71.4 in November, 1.7 percentage points lower than the all-time high established in October. The 12-month forward-looking expectation for the subindex is 65.7. A reading above 50 indicates expansion while one below that indicates contraction. A new low for the transportation prices…

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