The Transportation Price Index (TPI) dropped 9.5% in
October, settling at $2.19. It has risen only slightly from $2.18 in October of
last year. Diesel fuel prices plummeted this month, dropping 17.68% to $3.26/gallon.
Most major categories factoring into the TPI followed suit, with the boats
category showing the most significant drop, falling 17.39% to $0.57.
The TPI uses proprietary information from actual transactions
taking place on the uShip.com site to provide aggregate and categorical pricing
figures expressed in US dollars per ton-mile. The TPI is released on a monthly
basis and was designed by uShip to track important data related to
transportation costs.
For more information, including data for household goods,
vehicles, motorcycles, boats and freight, go to www.transportationpriceindex.com.
