Increased Road Freight Transport Demand

“In the first two weeks of June we can see that increased industrial output is having an impact on available transport capacity and also prices,” said Oliver Kahrs, Managing Director of Tim Consult, a Transporeon subsidiary. “Assuming that output continues to increase over the coming weeks this should have an effect on available capacity and could contribute towards further price stabilization. Nevertheless, depending on further pandemic developments, we would expect prices to remain well below pre-crisis levels at least for the next couple of months.”

• Compared to May, 22.5% less road transport capacity was available in the first two weeks of June on the European spot market.
• During the same period, spot prices saw a slight increase of 3%.
• Year on year, however, surplus capacity remains at a high level, +30.1% compared to June 2019, with prices remaining at a depressed level at -14.3% over the same timeframe.
• Reduced capacity surplus and improved prices in early June are mainly the result of increased industrial output.
• In the automotive industry surplus transport capacity fell by -22.4% while prices rose by +8.5% compared to May.
• Over the same period, surplus capacity fell by -21.5% while prices rose +11.3% within the fast-moving consumer goods sector.

This is the result of the current evaluation of the transport market monitor (TMM). The online service is provided by Tim Consult on the basis of transport data of more than 1.8 million freight loads per year, processed on the spot market by Transporeon, the European market leader for cloud-based platforms in transport logistics.