Rising transport costs unavoidable?
from Material Handling & Logistics
A year ago, shippers hoped to hold transportation rate increases to the 4-5 percent range; other industry sources thought rates could rise by 8 percent or more. As it happened, rates spiked seasonally on the spot market in 2011, followed by steady increases in contract rates, according to Mark Montague, an analyst at TransCore Freight Solutions. Contract rate increases landed between those two predictions, with a 6.5 percent increase through November, while spot market rates rose a full 7.4 percent, Montague reported in his blog. Spot market rates rose at an uneven pace throughout the year, especially for vans.
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