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The March Logistics Managers' Index fell to an all-time low of 51.1, with transportation prices at a record low of 31.1. Capacity expansion and softer freight demand point to a freight recession in US logistics.
Slack trucking and ocean capacity keeps freight costs low for US feed and grain shippers, which supports delivered feed ingredient prices.
world-grain.comRon SterkApr 20, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
