A new survey confirms what SMBs have been feeling in their wallets: The ailing economy has forced shipping companies in North American to raise their prices.

Jim Manico, OWASP Global Board Member

October 16, 2008

1 Min Read

A new survey confirms what SMBs have been feeling in their wallets: The ailing economy has forced shipping companies in North American to raise their prices.In fact, 70% of owners and managers running companies that transport your goods report having to increase their prices in the second quarter, thanks to the pressures of inflation. That's according to the Small Business Research Board, which gauges small-business confidence and issues of concern among seven verticals.

These transportation businesses say they've had to respond in other ways as well:

  • 30% say they added or increased shipping and handling costs

  • 25% renegotiated customer pricing agreements

  • 20% reduced other operatings costs

  • 15% negotiated long-term, fixed-cost supply contracts

  • 10% changed product mix

  • 5% reduced lead times

You can guess the single biggest issue transportation companies cite as having the greatest impact on their businesses: energy and fuel costs, cited by 67% of respondents (who were surveyed before oil prices began descending, though that's not to imply it would have made a bit of difference). That response is far ahead of the No. 2 response, taxes, though both are among the top five issues small-business owners across industries say will help them decide who to elect for president in a few weeks, according to a September Fortune Small Business poll.

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About the Author(s)

Jim Manico

OWASP Global Board Member

Jim Manico is a Global Board Member for the OWASP foundation where he helps drive the strategic vision for the organization. OWASP's mission is to make software security visible, so that individuals and organizations worldwide can make informed decisions about true software security risks. OWASP's AppSecUSA<https://2015.appsecusa.org/c/> conferences represent the nonprofit's largest outreach efforts to advance its mission of spreading security knowledge, for more information and to register, see here<https://2015.appsecusa.org/c/?page_id=534>. Jim is also the founder of Manicode Security where he trains software developers on secure coding and security engineering. He has a 18 year history building software as a developer and architect. Jim is a frequent speaker on secure software practices and is a member of the JavaOne rockstar speaker community. He is the author of Iron-Clad Java: Building Secure Web Applications<http://www.amazon.com/Iron-Clad-Java-Building-Secure-Applications/dp/0071835881> from McGraw-Hill and founder of Brakeman Pro. Investor/Advisor for Signal Sciences.

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