Shippers and 3PLs continue to pay more in carrier rates and fuel costs for trucking and transportation services, despite a marked drop in truckload spot rates, according to the Journal of Commerce. Reporting on the U.S. producer price indexes (PPI) for trucking in May from the U.S. Bureau of Labor Statistics, Shippers and 3PLs saw month-to-month increases, with the long-distance truckload PPI rising 4.1 percent and the long-distance less-than-truckload (LTL) PPI increasing 3.8 percent from April.
