- The significant increase in shipping and retail prices are bringing about inflationary concerns.
- All numbers are up — volume of shipping, shipping prices, and retail prices.
- Shipping capacity is tight, putting further upward pressure on prices.
- The consumer price index might be impacted by this.
Pricing power has erupted…”
The transportation industry, particularly trucking, has benefited from the rise in retail spending in the fourth quarter and in much of 2017. The surge in e-commerce with all the transportation challenges it brings along has been a boon for the industry. Shipments have soared, rates have soared, dollars spent by shippers have soared: companies have been complaining about rising shipping costs and are trying to pass on those costs via higher prices on their goods. But here’s what that looks like from the transportation and trucking industry’s point of view: a view from Cloud Nine.
US shipment volumes by all modes of transportation jumped 12.5% year-over-year in January, according to the Cass Freight Index. The index, which is not seasonally adjusted, hit its highest level for any January since 2007:
See the rest of the story at Business Insider
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See Also:
- Here are the types of stores getting hit the hardest by the retail apocalypse
- Now is a bad time for the government to be borrowing more money
- The housing market could be in for a shock from rising interest rates and the new tax law
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