Capacity index growth of 31.4 per cent in the first quarter of 2019 has caused an 8.4 per cent drop in transport prices on the spot market compared to 2018 fourth quarter results, according to the Transport Market Monitor from Transporeon and TIM CONSULT.
The price index is 1.3 per cent higher than in Q1 2018. And the diesel price index fell by 9.3 per cent over the fourth quarter of 2018.
“The strong increase in available transport capacity in the 1st quarter of 2019 confirms the German Federal Government’s forecast of a further slowdown in economic growth for the first time,” said TIM CONSULT managing director Oliver Kahrs.
“The strong increase in the capacity index by 31.4% compared to Q4 2018 shows that already during the first months of this year there were significantly fewer goods on Europe’s roads. For domestic German transports, the capacity index rose even stronger with an increase of 38% in comparison to Q4 2018. This is the highest level for Europe and Germany in the past ten years.”