Transportation Prices Decline Fastest in 6-1/2 Years

Transportation prices, as measured by the Logistics Managers Index, fell in February at the fastest rate in the index's 6-1/2 year history.

The index was 36.1 for transportation costs, 5.9 percentage points lower than February and below the prior record established in December.

“February is generally a low point seasonally due to the consumer spending hangover from the holidays in the U.S. combined with slowness in imports due to Chinese New Year, and that was certainly reflected this year,” the report stated.