Small Transport Businesses Feel Inflationary Heat

Reaction to inflationary pressure by owners and managers of small transportation businesses has been to raise prices says the Small Business Research Board (SBRD) in its most recent study.

Drawing on data from the second quarter 2008, SBRB research co-sponsored by International Profit Associates, found that 51% of those reporting were experiencing inflationary pressures. Of those respondents, 70% were raising prices while 30% were adding to or increasing shipping and handling costs and 25% were renegotiating existing customer pricing agreements.

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