Business Services Industry
Thank Hurricane Katrina for this one-month price hike. Prices for shipping on inland waterways jumped 20.4% from August to September, according to Labor Department surveys.(WATER)
Logistics Management (Highlands Ranch, Co.), November, 2005
Thank Hurricane Katrina for this one-month price hike. Prices for shipping on inland waterways jumped 20.4% from August to September, according to Labor Department surveys. But the short-term disaster doesn't account for the whole problem because those prices have been escalating all year. Inland waterways prices grew at a 16.4% rate in the first nine months of 2005 compared to the same period last year. By comparison, between 1999 and 2004, January-to-September price escalation averaged just 4.2%. Even assuming a correction in the final quarter of 2005, prices for deep-sea and inland-waterways freight combined will be up 5% in 2005 and 8.2% in 2006.
1 month 6 mos. 1 yr.
% CHANGE VS.: ago...
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