The Logistics Manager’s Index rose to 61.5 in February (+1.9 pts MoM from 59.6), marking the fastest expansion since February 2025 and signaling accelerating logistics activity led by transportation tightening and higher freight prices.

• Transportation Capacity contracted to 41.0 (-6.0 pts MoM), the fastest rate of contraction since November 2021, indicating significantly tighter freight availability, particularly among larger firms reporting 32.6.

• Transportation Prices surged to 76.7 (+5.2 pts MoM), the highest since March 2022, while Transportation Utilization increased to 61.9 (+3.8 pts), showing the strongest freight market conditions in roughly four years.

• Inventory Levels expanded marginally at 53.8 (-0.1 pts MoM), reflecting a lean inventory strategy, with large firms reporting contraction at 44.6 versus robust expansion of 60.0 among smaller firms.

• Inventory Costs eased to 67.8 (-3.5 pts MoM from 71.3), marking slower cost growth but remaining elevated, with larger firms experiencing faster expansion at 74.3 compared to 63.0 for smaller firms.

• Warehousing Capacity held steady at 50.0 (+/-0.0 pts), indicating no movement for a second straight month, while Warehousing Utilization rose to 60.3 (+5.9 pts) and Warehousing Prices remained elevated at 62.6 (-2.1 pts), consistent with higher asset usage despite stable capacity.

• Forward expectations for the overall index increased slightly to 66.3 (+0.5 pts), with respondents projecting strong growth in Transportation Prices (80.9), Transportation Utilization (73.6), and Warehousing Prices (69.9), suggesting expectations of continued freight market strength over the next 12 months.