Trade
Global Supply-Chain Pressure Hits Record Low, NY Fed Gauge Shows
- New York Fed’s index brings together 27 logistics variables
- Costs to move goods keeps falling from pandemic-era highs
The cost of moving goods by rail, truck, sea and air has declined from record highs set during the pandemic.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
Global logistics difficulties are at the lowest in 26 years as transportation costs keep declining, according to a gauge maintained by the Federal Reserve Bank of New York.
The regional Fed bank’s Global Supply Chain Pressure Index fell to minus 1.74 in October, the lowest in records back to 1997, it said on its website.