If you have priced LTL transportation for your products in recent months, chances are that you’ve seen prices rise. A lot.
A recent article from the JOC examines these price hikes in detail. The article points out that, while it may seem that trucking carriers are simply raising prices to take advantage of a tight capacity market, the truth is more complicated than that.
Trucking companies and 3PL providers are contending with rate hikes of their own. These include higher costs for truck drivers, trucking equipment, fuel, and industrial real estate.