Price Trends: Pricing across the transportation modes
October 30, 2018 / LM Staff
The trajectory of inflation in the trucking industry is revealing nascent signs of finally slowing down.
Looking at the same-month-year ago rate of increase in transaction prices we see that truckload inflation peaked at 11.2% in July 2018 while LTL topped off at 8.8% in June.
The latest monthly survey reports that TL and LTL inflation slowed to 7.9% and 6.1%, respectively, in September. This trend is a mirror image of the inflation turnaround that the trucking market experienced in the final months of 2011. Our revised forecast calls for the industry’s average annual prices to increase 6.3% in 2018 and gain 3.6% in 2019.