Price Trends: Water
in the NewsMaersk cyber attack contained as ports and technology solution providers seek answers New wave of cyberattacks continues to impact supply chain operations Jindel tells SMC3 attendees how Amazon continues to distance itself from other retailers KION North America celebrates start of production on new forklifts Truckers say report urging FMCSA to tweak data used for CSA validates motor carriers’ complaints More News
After dramatic price increases last month, prices for moving cargo on inland waterways and on the Great Lakes/St. Lawrence Seaway gave back a bit, down 0.8% and 1.8%, respectively, in February. Now, however, other water transport markets are getting into the price-hike act, with deep sea freight prices up 4.8%, and coastal/intercoastal freight tags up 2.8%. For the aggregate water transportation industry, prices overall increased 2.4% as industry costs grew only 0.5% thanks to a 1.2% one-month drop in spending on fuel. Nonetheless, January and February data shifted the forecast take-off point, so our industry-wide price forecast has been revised upward to a 4% annual inflation rate in 2010. Next year, prices are expected to remain on a 3.1% inflation track.
|% Change vs.||1 month ago||6 mos. ago||1 yr. ago|
|Coastal & intercoastal freight||2.8||3.6||11.0|
|Grt. Lks.-St. Lawrence Seaway||-1.8||8.9||5.5|
|Inland water freight||-0.8||4.0||-7.6|
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!
2017 Rail/Intermodal Roundtable: Volume stable, business steady Cross-Border Logistics: NAFTA tune-up time View More From this Issue