Transportation Economic Trends
Cost of Transportation:
Costs Faced by Businesses Purchasing Transportation Services
This page discusses the costs faced by businesses purchasing transportation services. Businesses purchase transportation services to acquire raw materials, move the goods they produce, and transport personnel. The cost of transportation services is an indicator of the price that businesses face when purchasing transportation services. Costs Faced by Producers discuss the costs faced by businesses that produce transportation services to move people and goods.
- In 2021, the amount received for producing rail, truck, and water transportation services reached their all-time high level, suggesting an increase in the cost businesses face for these transportation services.
- Truck transportation service saw the largest price increase of 12.8 percent, followed by water (7.5 percent) and rail transportation (4.9 percent) in 2021. Air transportation saw the smallest increase of 0.9 percent after experiencing the largest decrease of 10.9 percent in 2020.
- The largest
year-over-year price increase for truck transportation occurred in 2021, and the rest of the modes in 2008.