But the cost of shipping surges, no holds barred.
The signs that the infamous cyclicality of the transportation industry is changing direction once again are still timid. This industry is a thermometer of the goods-based economy. And it has been hopping! But the first such signs are appearing, even as activity is at record highs, amid complaints of equipment and driver shortages, bottlenecks and delays in the supply chains, and a massive double-digit surge in pricing.
Freight shipment volume across all modes of transportation – truck, rail, air, and barge – rose 6.0% in August, compared to a year earlier, according to the Cass Freight Index. The index covers merchandise for the consumer and industrial economy but does not include shipments of bulk commodities, such as grains or chemicals