Price Trends: Trucking
in the NewsJuly U.S-bound shipments are solid, and August looks better, reports Panjiva July Cass Freight Index Report points to annual gains and sequential declines Truckload spot and contract rates seeing a summer bounce, says DAT Schneider Electric names Carlos Villa VP of U.S. industry business Transplace announces TPG is new equity partner More News
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|
|Tanker & other specialized freight||-0.6||1.0||1.4|
Source: Elizabeth Baatz, Thinking Cap Solutions. E-mail: [email protected]
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