The transportation industry, particularly trucking, has benefited from the rise in retail spending in the fourth quarter and in much of 2017. The surge in e-commerce with all the transportation challenges it brings along has been a boon for the industry. Shipments have soared, rates have soared, dollars spent by shippers have soared: companies have been complaining about rising shipping costs and are trying to pass on those costs via higher prices on their goods. But here’s what that looks like from the transportation and trucking industry’s point of view: a view from Cloud Nine.
US shipment volumes by all modes of transportation jumped 12.5% year-over-year in January, according to the Cass Freight Index. The index, which is not seasonally adjusted, hit its highest level for any January since 2007:
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