Inflation Being Caused by Trucking, Shipping, and Energy Prices
We believe inflation pressures will be here for at least the next two years because of higher costs for shipping goods around the globe. Both the trucking and cargo shipping industries have initiated new regulations that are, by themselves, increasing costs. In trucking, it is the regulations regarding electronic logging devices (ELDs) and in cargo it is the regulations forcing reductions of sulfur in the fuels used to power the ships. Both of these are occurring at a time when oil inventories are down causing oil prices to rise.