摘要: |
A deep dive into industry cost trends indicates that the trucking industry may be managing to improve its operating margins. With benchmarks from the U.S. Census Bureau's input/output matrix and moving time series cost data forward in time (by applying escalation factors for prices, wages and other variables), a rough look at margin trends emerges. The trucking industry is struggling to raise prices, but with costs falling faster than prices/margins compared to October 2019 are estimated to have increased by $2 per every $100 of services sold. Falling fuel prices are the cause though labor costs increased 4.6%, legal services costs escalated 4.7%, and average insurance costs moved up 2%. |