Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
6/19/2013 5:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Logistics Costs Rose 3.4% Last Year, Report Shows


Dan Bearth/TT

Logistics costs for U.S. businesses rose 3.4% to $1.33 trillion last year compared with 2011, according to a new report by the Council of Supply Chain Management Professionals.

Truck transportation costs rose 2.9%, but looming capacity pressures are expected to push rates up quickly, according to the report released Wednesday, which was sponsored by Penske Logistics.

“The trucking industry is maintaining a balance between supply and demand, a balance that will likely be disturbed when the U.S. Department of Transportation’s new . . . hours-of-service regulations go into effect July 1,” the report said.

The impact of HOS regulations will be to reduce existing drivers’ productivity, leading to a capacity contraction, the report said.

Overall transportation costs increased 3% due to weak and inconsistent shipment volumes and pressure to hold rates.

Railroad transportation costs rose 4.9%, with pressure from trucks in the intermodal market holding rates down, the report said.

Intermodal volume was the second highest on record, while carload traffic declined 3.1%.

Penske Logistics is ranked No. 17 on the Transport Topics Logistics Top 50 listing of North American logistics firms.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement