Price Trends: Trucking
in the NewsIAM, IoT and the Connected Supply Chain New shipper survey reveals that small businesses face “import overhead” Happy 100th Birthday, New England Motor Freight! What a ride, chairman says U.S. rail carload and intermodal volumes are mixed for week ending February 10 Memo to Washington D.C.: Stop talking about raising the gas tax, go do it 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]
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!
The Future of Retail Distribution Navigating the Reverse Supply Chain for Connected Devices View More From this Issue