Price Trends: Water
in the NewsState of Logistics 2016: Pursue mutual benefit Cass Freight Index Report indicates the freight recession appears to be over FedEx’s Smith again leads push for twin 33s, truckload carriers again push back New legislation calls for key changes to be made to NAFTA DAT says spot market activity dips in January from December while posting annual gains 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: firstname.lastname@example.org
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!
Carrier Consolidation Keeps Shippers Guessing Getting Value from the Cloud View More From this Issue