Today, the Bureau of Transportation Statistics (BTS) released the change in the costs faced by producers purchasing transportation services and industries producing them, from December 2023 to December 2024, as measured by the Producer Price Index (PPI). The PPI measures inflation from the perspective of costs to industry or producers of products.

Transportation equipment PPI indicate the changes in transportation equipment prices faced by transportation providers, and any increase, increases providers costs. The PPI shows that prices increased for transportation and freight equipment 1.6% in December 2024 from December 2023.

Increases in transportation services PPI indicate increases in production costs faced by industries purchasing the services. From December 2023 to December 2024, the transportation services PPI changed, by mode:

• Air: -0.1%

• Rail: +1.1%

• Truck: -0.3%

• Water: +8.1%

• Arrangement of freight and cargo: +7.7%