The March Logistics Managers’ Index (LMI) released in early April was at an all-time low of 51.1, down 4 percentage points from February and just above the 50-point level, above which indicates growth and below which indicates contraction, the Council of Supply Chain Management Professionals said in its quarterly Supply Chain report. Logistics managers responding to the LMI monthly survey noted an all-time low in transportation prices, with that portion of the index down five points from February at 31.1. The transportation utilization index was at 50, posting a gain for the first time in 2023.