Trucking

By Staff -- Logistics Management, 1/1/2000

In November, average prices for less-than-truckload (LTL) interstate trucking service rose a mere 0.1%. In October, prices actually fell 1.3%, the largest one-month drop in LTL prices reported to the Bureau of Labor Statistics since February 1998. Does this signal a retrenchment in the LTL price wars? Probably not. In August and September, average LTL prices rose 2.3% and 0.9%, respectively. Higher diesel costs and steady 2.0% gains in average trucker wages mean carriers still have some cost-control issues to resolve.

% CHANGE VS.: 1 month ago 6 mos. ago 1 yr. ago

Less-than-truckload +0.1 +2.0 +4.7

Truckload -0.1 +0.1 +0.8

Agricultural - not local 0.0 0.0 +2.3

General freight - local -1.3 -1.1 -0.9

Agricultural - local 0.0 0.0 0.0

Source: Thinking Cap Solutions