FX.co ★ US Logistics Growth Highest Since 2022, Prices Soar

The US Logistics Manager’s Index rose to 65.7 in March 2026, up from 61.5 in February and marking its highest reading since May 2022, reflecting continued expansion in the freight market.

Transportation Prices surged by 12.7 points to 89.4 — their highest level since March 2022 — a move at least partly linked to the onset of the Iran conflict, which has constrained oil supplies. In contrast, Transportation Capacity continued to contract, falling 1.8 points to 39.2, reflecting the reduced fleet capacity built up over the past several years. The resulting 50.2-point spread between Transportation Prices and Transportation Capacity represents the largest positive inversion since November 2021.

Inventory Levels expanded at a slightly faster pace, rising 1.0 point to 54.8, while Inventory Costs climbed 8.4 points to 76.2, their highest reading since August 2025. At the same time, Warehousing Capacity contracted, dropping 4 points to 46, and the rate of expansion in Warehousing Utilization eased slightly, slipping 0.6 points to 59.8. Warehousing Prices, however, moved higher, increasing 4.8 points to 67.4.