Price Trends: Water
in the NewsNew FedEx offering focuses on high-volume returns U.S. trade with Canada and Mexico sees annual gain in 2016, BTS reports Knight-Swift to add 400 trucks, drivers with Abilene tuck-in acquisition Panjiva says trade fundamentals are strong, despite concerns over tariffs NEXT Trucking and Mitsui O.S.K. Lines partner to service SMEs 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!
Reverse Logistics in the “Age of Entitlement” Logistics Management’s Viewpoint on E-commerce: Leveraging available tools View More From this Issue