Data on producer prices shows that overall inflation pressure calmed in November, weighed down by declines in gasoline prices. Industry detail showed that trucking rates continues to surge, however, driven by another large gain in long-distance trucking rates. The Bureau of Labor Statistics reported that the producer price index (PPI) advanced 0.1%. This exceeds consensus […]
Trucking companies are hoping to turn the most robust freight market in a generation into stronger long-term financial footing. Carriers are raising rates and investing in new equipment as a monthslong rally in transportation demand gives them the upper hand in setting prices with shippers. Analysts expect strong results across the sector over the next […]
(Reuters) – CSX Corp (CSX.O) on Tuesday posted quarterly profit that topped Wall Street’s target, as the No. 3 U.S. railroad operator benefited from an ongoing cost-cutting drive and rising prices for carrying freight. CSX shares gained 3.2 percent to $66.50 in extended trading after the company also raised its 2018 revenue forecast, citing strength […]
In his comments, Broughton said he doesn’t see overall demand slacking off any time soon. Resurgent oil prices have sparked a renewed boom in the industrial economy, just as the collapse in the energy complex in 2014 led to the industrial recovery’s end. More tellingly, and somewhat counter to expectations, since they had been written […]
“Pricing for trucking is growing ever stronger and ‘gaining momentum’ continues to be an understatement,” wrote Broughton Capital Managing Director Donald Broughton in the report. “After signaling an industrial recession in the U.S. and being negative for 13 months in a row (from March 2016 through March 2017), the Cass TL linehaul index has not […]
Bal Malkit Singh of All-India Motor Transport Congress said, “The increase in freight charges will escalate transportation costs of traders, which will impact the final price of products. The common man will have to bear the brunt and costs.” … Ashok Goyal of Bombay Goods Transport Association said during the March-May quarter, most drivers go […]
Companies are shipping more items by plane to meet customers’ rising expectations for rapid delivery, prompting a scramble for cargo space that has sent airfreight rates soaring and pushed Amazon.com Inc. and others into the airline business. Global airfreight traffic climbed almost 9% year-over-year in November, the start of the peak shipping season, and rates […]
Chasing the elusive white rabbit. Today, 3PLs and brokers are stuck in a cycle of chasing loads, agreeing to fixed-price contracts with shippers, and getting burned when capacity tightens and rates rise. Margin compression is a daily concern, and the key to a failsafe pricing strategy remains just out of reach. In addition to pricing […]
Further, C.H. Robinson estimates that about two million TEUs will be added during the 2016 and 2017 operating years, while about 600,000 TEUs will be scrapped. The net increase would seem to suggest a continued soft market, however industry consolidation means tighter price control. A good example has been the parcel carriers and railroads, which […]
Shipping costs continue to be the No. 1 reason for cart abandonment, and this new “surge charge” won’t help. There are steps you can take to minimize the impact of this new surge pricing and help you sleep at night: 1. Realize the everything in your agreement is negotiable. Standard carrier response will tell you […]
PND is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: The Perfect Price AI platform makes millions of pricing decisions for forward-thinking companies around the world. Our cloud-based service allows customers to quickly anticipate and react to changes in demand in […]
Pricer’s Points: Why Does Bottled Water Cost Significantly More than Tap Water? | Elena Galli
More or less one month ago I was at the airport, heading back to Barcelona after having spent some days in my hometown, Ferrara, a little city in Northern Italy. I was very thirsty so I headed to the first bar I saw and ended up spending an excruciatingly expensive price for my half a […]
This Week in Pricing > 2/16/19
TWIP is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: Value Innoruption Advisors Founded by Dr. Stephan Liozu, Value Innoruption Advisors provides training and consulting resources for organizations interested in embedding value-based methodologies in their go-to-market strategies related to innovation, […]
Remember MoviePass? It was just delisted | The Chestnut Post
The movie subscription service on Thursday announced a new, complicated pricing structure that is dependent on geography and the kind of movies customers want to watch. Starting in January, MoviePass will offer three plans that members can choose from. The first, called “Select,” starts at $10 a month and will allow subscribers to see three […]
Woman: Retailer Should Honor Penny Label on Display | NBC 6 South Florida
It was a deal so good, Robin Puppo could not believe her eyes. “I’m like, oh my God, what is this?” she said. “It’s marked as a penny.” The vacuum Robin wanted was on display at the Walmart near Sawgrass Mills Mall. She says the label under it read one cent. “It’s a $279 machine,” […]
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