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 2022, the amount received for producing air, rail, truck, and water transportation services reached their all-time high level, suggesting an increase in the cost businesses face for these transportation services.
- The price of water transportation services increased the most, at 25.3 percent, followed by air (21.6 percent) and truck transportation (20.0 percent) in 2022. The price for rail transportation increased the least at 9.3 percent.
- The price increases for water, truck, and air transportation services in 2022 are the largest year-over-year increases on record (with records beginning in 2004), and the increase for rail is the third largest after 2008 and 2005, respectively.