The costs of moving goods around the United States has soared over the past year, adding to the inflationary pressures that have sent consumer prices skyrocketing, data from the Department of Labor showed Thursday.
Businesses that arrange for the transportation of freight and cargo raised their prices 10.9 percent in September. Compared with a year ago, these logistics businesses now charge 71.77 percent more.
The price of transportation of finished products to households and businesses by truck rose 0.8 percent in September and is up 15 percent compared with one year ago, according to the Department of Labor’s Producer Price Index data.
Rail transportation of goods for final demand costs 6.8 percent more than a year ago after rising 0.4 percent in September.