Trucking

By Staff -- Logistics Management, 11/1/1999

LTL rate hikes are driving overall trucking rates up. In September, according to Bureau of Labor Statistics surveys, LTL rates rose 0.9% from August numbers and 7.2% from year-ago levels. Truckload rates, meanwhile, rose only 0.1% from August numbers and 1.1% from year-ago levels. The revised forecast predicts that the trucking and non-air courier services industry will raise rates by 2.1% on average in 2000, after a 2.9% hike in 1999. In general, shippers can expect rate hikes to slow only a bit in the year ahead as the economy continues to grow.

% CHANGE VS.:1 month ago6 mos. ago1 yr. ago

Less-than-truckload +0.9 +3.7 +7.2

Truckload +0.1 +0.5 +1.1

Agricultural - not local 0.0 +0.7 +2.3

General freight - local +0.2 +0.2 -1.9

Agricultural - loca l0.0 0.0 0.0