US Logistics Growth Second-Highest in 4 Years
2026-11-03 11:08
By
Joana Taborda
1 min. read
The US Logistics Managers’ Index increased to 70.7 in October 2026 from 70.2 in September, pointing to the second-strongest growth in the logistics sector in four years, behind only June.
The gain is driven by the continued increase in inventory levels (66.9 vs 58.9).
Downstream retailers built up inventories slightly faster than their Upstream counterparts, suggesting that a significant driver of this upward movement is retailers stocking up for holiday sales.
This stock up has come at a price, as inventory costs are up (88.8 vs 79.9), the highest reading since March 2022.
The increase in inventories seems to be impacting available storage as both warehousing capacity (43.5 vs 39.3) and transportation capacity (38 vs 34.4) continue to contract.
Transportation prices did slow (88 vs 92.7).
When taken together with the rapid expansion in warehousing prices (80.7 vs 73.5), Aggregate Logistics Costs read in at 257.5, which is the fastest rate of expansion since March of 2022.