The Logistics Managers’ Index (LMI) rose to 60.7 in June, up +1.3 pts from May, marking the third reading above 60.0 in 2025 and signaling continued expansion in logistics activity, led by surging inventory and transportation costs.

• Inventory Levels surged +8.3 pts to 59.8, driven by a 22.2 pt Upstream-Downstream divergence; expectations for the next year rose to 62.5.
• Inventory Costs jumped +2.5 pts to 80.9 and are now up 19.3 pts from end-2024; future expectations hit 81.9.

• Warehousing Capacity slipped -2.2 pts to 47.8, entering contraction for the first time since March 2024; future outlook softened to 52.1.
• Warehousing Prices dropped -3.8 pts to 68.3, despite utilization remaining strong at 62.2; prices expected to rise to 75.5 over the next year.

• Transportation Utilization was up just 0.3 pts to 52.9, indicating just a slight expansion. The future index dropped -3.7 pts to 57.2.
• Transportation Capacity fell -2.3 pts to 52.4 (lowest in 12 months); Transportation Prices dropped -1.1 pts to 62.0, with a future index still elevated at 73.3.