Logistics Industry Contracts for Second Consecutive Month, Inventory Levels Decline

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Written By Jennifer Joslyn

Economic activity in the logistics industry declined for the second consecutive month in June, as revealed by the Logistics Managers' Index (LMI) report. The LMI, which surveys logistics managers across the United States, recorded an all-time low index reading of 45.6, primarily driven by declining inventory levels. The report indicates concerns about a possible inventory shortage for the upcoming peak shipping season, as sluggish conditions in Chinese manufacturing and lower container imports persist. However, future expectations point towards a potential return to more normal industry conditions over the next 12 months.

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Logistics Industry Contracts for Second Consecutive Month, Inventory Levels Decline
Logistics Industry Contracts for Second Consecutive Month, Inventory Levels Decline

Economic activity in the logistics industry declined for the second consecutive month in June, as revealed by the Logistics Managers' Index report.

Jennifer Joslyn
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