TEG Road Transport Price Index shows haulage prices picking up pace
Haulage prices have risen by 3.6% in the past month, resulting in an all-time high price-per-mile in April. Despite double-digit inflation, interest rates are expected to increase for the 12th consecutive month.
In April, the combined price-per-mile for haulage and courier vehicles soared 2.7% to reach its highest-ever level for the month. The significant increase was driven by a robust growth in haulage rates, signaling the start of the typical spring price upswing.
Haulage prices are down by 2% compared to last year’s level, while courier prices increased by 3.6%. Despite this contrast, the overall price remains stable year-on-year.
To read the full report by the Transport Exchange Group please visit here.