Price Trends: Trucking
April 01, 2010
The cyclical low point in inflation (or, in current environment, deflation) appears to have finally passed. U.S. Labor Department surveys report LTL transaction prices jumped 3.7% from January to February 2010. Of course, that one month didn’t wipe out five consecutive months of LTL price cuts, but any glimmer that recession-induced price concessions may be ending should concern shippers. From the July 2008 peak to the March 2009 trough, average trucking prices fell 8.6% while industry costs dropped 14.7%. Since hitting bottom, prices have inched up 1.5% as fuel-driven inflation has pushed aggregate industry costs up 8%. Our new trucking price forecast: 1.5% annual gain in 2010 and 2% in 2011.
| % Change vs. | 1 month ago | 6 mos. ago | 1 yr. ago |
| General freight - local | 0.6 | 0.8 | 2.6 |
| Truckload | -0.7 | -0.5 | -1.0 |
| Less-than-truckload | 3.7 | -1.4 | -2.5 |
| Tanker & other specialized freight | -0.6 | 1.0 | 1.4 |
Source: Elizabeth Baatz, Thinking Cap Solutions. E-mail: .(JavaScript must be enabled to view this email address)
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