Transportation Economic Trends
Cost of Transportation:
Costs Faced by Producers
The major inputs to produce transportation services include labor, equipment, fuel, and infrastructure. This page discusses equipment prices. See Employment by Industry and Employment by Occupation for labor data; Cost of Fuel for fuel data; and Value of Transportation and Other Infrastructure for infrastructure data.
- As measured by the Producer Price Index (PPI), the amount received for transportation equipment increased in 2021. The increase continues an upward rise, suggesting a continued increase in the price of transportation equipment.
- Ships and boats, and automobiles saw the largest price increase of 2.9 percent in 2021, followed by aircraft (1.6 percent) and railroad rolling stock (0.9 percent). Neither was the largest year-over-year increase on record, which occurred in 2007 and 2005, respectively.
- The 2021 price increase in automobile and light duty motor vehicles tied as the largest year-over-year increase at 2.9%.