Monday, August 01, 2005

Freight Rates Continue to Increase

Freight rates for all modes of transportation continue to increase. Most site the increase in fuel to be the leading factor.
-Average truck rates have increased nearly 5% this year
-Forecast is 4% increase for 2006
-Year to date increases for AirFreight is 5.9%
-Ocean Freight rates continue to advance with May to May increase of 3.2%
-Rail rates are forecasted to jump a shocking 10.6% for 2005 and 9% in 2006.
Paper.com continues to work with our freight companies to maintain economic shipping rates.

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