The Logistics Managers' Index (LMI) for the United States registered 68.9 in July 2026, a slight decline from 71.1 recorded in June. The June figure had marked the fastest pace of expansion since March 2022. Despite this moderation, the July reading remains higher than any monthly LMI score observed between 2023 and 2025, indicating that the logistics sector continues to experience significant growth, albeit at a slightly slower rate.
For freight forwarders and operations managers, this data suggests a sustained, strong demand environment within the US logistics market. While the pace of growth is not accelerating as rapidly as in previous months, the overall expansion remains robust. This could mean continued pressure on capacity and potentially stable-to-firm rates, especially for warehousing and transportation services. Forwarders should anticipate ongoing demand for their services, but perhaps with less volatility than seen during peak expansion periods. The slowdown in inventory growth, a key driver of this moderation, implies that shippers are becoming more cautious with stock levels, which could influence future shipping volumes.