RALEIGH, NC, July 13, 2011 — An economy stuck in the recovery phase has thrown transportation industry players into a battle of wits over which mode will seize any new or wavering volume, according to a recent Domestic Transportation Report just released by Tompkins Supply Chain Consortium.
“The transportation industry is contending with diminished capacity, higher regulations, rising equipment costs, a graying workforce, and an economy that is moving back on track but not quite stable,” says Chris Ferrell, Director of the Consortium and author of the report. “And, now, the transportation policies implemented over the past couple of years are about to be put to the test as all of the modes compete to gain volume now and in the future.”
As the chart below indicates, all of the more efficient modes have experienced noticeable increases in the past two years. This has happened almost entirely at the expense of air freight, which is down more than 9%.
“The transportation industry is contending with diminished capacity, higher regulations, rising equipment costs, a graying workforce, and an economy that is moving back on track but not quite stable,” says Chris Ferrell, Director of the Consortium and author of the report. “And, now, the transportation policies implemented over the past couple of years are about to be put to the test as all of the modes compete to gain volume now and in the future.”
As the chart below indicates, all of the more efficient modes have experienced noticeable increases in the past two years. This has happened almost entirely at the expense of air freight, which is down more than 9%.
Download the PDF to read more and see the chart!
View Tompkins.pdf
