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PROGNOSIS * USA - Transportation Costs to Rise Further
Think trucking rates are high now? Wait till next year
Washington,DC,USA -The Kiplinger Business Resource Center, by Jim Ostroff -August 26, 2008: -- Despite lower fuel prices next year, truck shipping will cost more for most businesses in 2009 than this year. Rate hikes of 8% to 9% will hammer firms, as the environment shifts from a buyer's market to a seller's market. Sluggish business demand throughout this year has kept rate hikes to a mere 2%, but it's also shrinking the trucking industry. About 3500 firms will shut down, while others are curtailing operations, with many even selling off some of their big rigs to buyers overseas. As the economy starts to pick up in coming years, capacity will be strained... With diesel prices likely to remain over $4 a gallon (though averaging about 15ยข a gallon less than this year), hefty fuel surcharges won't disappear...Labels: trucking markets prognosis
posted by Unknown @ 10:18 AM
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