The Logistics Manager’s Index (LMI) in the US remained unchanged at 57.4 in October 2025, matching September’s reading and indicating a steady growth rate in the logistics sector. Downward pressure from declines in inventory and warehousing metrics was offset by strength in transportation activity. Inventory levels declined (-5.6 to 49.5) and there was a subsequent slowdown in warehousing utilization (-8.8 to 56.5). On the other hand, transportation prices (+7.5 to 61.7) and transportation utilization (+7.3 to 57.3) rose. Meanwhile, the upward swing in transportation prices combined with the slight downtick (-0.7) in the expansion of available transportation capacity (54.5) breaks the two-month trend of a negative freight inversion. Taken altogether it seems likely that inventories are dropping as holiday sales begin, easing the prior tightness in warehousing and leading to a greater utilization of transportation due to the increased movement of goods.