摘要: |
Finally, we smell a faint whiff of inflation trends slowing down in trucking. Looking at the latest data available, the industry's transaction prices declined 0.2% from May to June. A far cry from the 4% monthly price hike seen in March, in June 2022 we saw the first monthly price cut since May 2020. Looking at longer run trends, price escalation has outpaced costs. This means the trucking industry has been enjoying solid margin gains. Our cost model shows the average trucking provider spending $60.33 on operating costs per $100 of market-valued services. That's below average spending over the last five years. Nonetheless, the big cost/price escalation mismatch in early 2022 and late 2021 means that a 6.8% to 9.5% price hike is needed to get margins back to average levels. |