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The cost of transportation
It's been forty years that I have been in the transportation business but the last couple have been the absolute worst. Before deregulation came along, there was a great living to be made but deregulation brought more regulations than ever before existed. All of these new rules cost a ton of money and coupled with the cost of fuel, the costs of transportation are spiraling out of control. The problem is that every product you buy, at one time or another moves in transportation and that means that everything you buy is about to become more expensive. Do you think that our braintrust in Washington will figure out that the costs of every piece of clothing that you buy and every bit of food is going to rise in conjunction with the costs of fuel? Each week I go to the market and see the rise in prices and no one seems to see that it's all related to the high cost of fuel and transportation. It's time for our legislators to stop talking and start doing.
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Contributor's Note
Charles Baggesen has spent over forty years in the transportation industry and has a better than average understanding of how logistics can change economic conditions.
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May, 2012
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