Impact of Oil Price Evolution on Logistics Industry

Ramona Iulia Dieaconescu, Mihaela Gabriela Belu and Maria Gheorghe

Romanian Economic Journal, 2022, vol. 25, issue 84, 3-18

Abstract: Since 2020, two major crisis impacted the global environment: the COVID-19 pandemic and the Russia-Ukraine war. Both had a major impact on international trade and on the evolution of oil prices which has a direct effect on the logistics industry. The scope of our paper is to investigate the effects of oil price evolution on logistics activities, especially transport. Costs of shipment represent an important component of final prices for consumer products and they can influence the general rate of inflation. This is a major concern among government officials in all countries, as high inflation rates can have negative effects on national economies. Our paper is focused on analyzing price trends on each mode of transport, but also prices for integrated logistics services. The results of our analysis offer insight on the logistic market trends and can be useful to professionals from companies, but also for academics interested in this field and consumers worldwide concerned about prices going up.

Keywords: oil price; logistics; transport; energy sector; European policies (search for similar items in EconPapers)
JEL-codes: Q41 Q43 R41 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:25:y:2022:i:84:p:3-18

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