Subscribe to our free, weekly email newsletter!


Price Trends: Trucking

By Elizabeth Baatz, Thinking Cap Solutions
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)

About the Author

Elizabeth Baatz
Thinking Cap Solutions

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The Pacific Maritime Association (PMA), representing employers at 29 ports, and the International Longshore and Warehouse Union (ILWU), which represents 20,000 dockworkers, have come to a tentative agreement on a key issue in ongoing contract negotiations.

Diesel prices continued their ongoing decline, with the average price per gallon falling 6.7 cents to $2.866 per gallon, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).

Unlike other shipping companies, the Postal Service is not implementing any new dimensional weight charges with this pricing proposal

Drewry is expecting the recent spate of freight rate volatility to continue.

For November, which is the most recent month for which data is available, the SCI came in at -3.2. While this is still entrenched in negative territory, it represents an improvement over October and September, which were -5.5 and -6.6, respectively.

Article Topics

Price Trends · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA