Eric Starks, Avery Vise and Todd Tranausky field a question about the price of raw materials during FTR's October State of Freight webinar.
This Q&A response from The FTR Experts came from our October State of Freight webinar. View the video and the key takeaways below.
Key Takeaways:
- There doesn't appear to be any end in sight to raw material inflation, with lumber being an exception due to a stabilization of housing starts.
- Particularly steep price hikes in materials such as fuel and steel will continue to trend upward for at least the next 2 or 3 quarters.