Do You Know the Actual Cost to Transport Grain to its Final Destination?

Jul 13, 2020 at 02:02 PM CST
It's not enough to know just the cost of a truck or rail rates or barge freight when moving corn or soybeans to market. Transportation costs include the base cost of transporting these products, as well as costs associated with delay. Delay consists of wait times and congestion. The study done by TTI encompassed the base transportation cost, additional transportation costs due to traffic congestion and costs with scheduling and loading delays each step of the process. And it can determine a farmer's bottom line.

Jul 13, 2020 at 02:02 PM CST

It's not enough to know just the cost of a truck or rail rates or barge freight when moving corn or soybeans to market. Transportation costs include the base cost of transporting these products, as well as costs associated with delay. Delay consists of wait times and congestion. The study done by TTI encompassed the base transportation cost, additional transportation costs due to traffic congestion and costs with scheduling and loading delays each step of the process. And it can determine a farmer's bottom line.