Business Intelligence
By Staff -- Purchasing, 5/3/2007
68%Buyers reporting transportation price hikes in April
Source: www.purchasingdata.com
WHAT IT MEANS: That's an increase from March when only 54% reported price hikes. The increases in fuel and surcharges are more than offsetting declines in modes like trucking.
$9.4BInvestment freight railroads will make to improve in 2007
Source: Association of American Railroads
WHAT IT MEANS: That's an increase from the $8.6 billion invested in 2006. According to AAR CEO Edward R. Hamberger, in the past 10 years, railroads have spent an average of 17.2% of revenues on capital expenditures, compared with an average of 3.4% for manufacturing.
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