Transport prices fall

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Transport prices have dropped by 0.6 per cent in the fourth quarter of 2016, compared to the third, the Transport Market Monitor (TMM) by Transporeon and Capgemini Consulting has found.

In comparison to the previous year’s fourth quarter, price index decreased by 3.7 per cent.

The monitor also found:

– Compared to the same month in 2015, all months in 2016 show a decrease in the price index.

– The capacity index increased to an index level of 93.6 (+10.3 per cent) in Q4 2016. Compared to Q4 2015, the capacity index is 5.7 per cent higher.

– The diesel index displayed growth for the third quarter in a row, to an index of 75.2. This index is 7.6 per cent higher than Q3 2016.

“There was a lot of supply available in November and December, and the price level suffered in November,” said Erik van Dort, supply chain director, Capgemini. “We saw prices restoring in December, however. But with the usual unbalance in demand and supply in the first quarter it is logical to expect a further decline in prices in Q1 2017.”

Peter Förster, managing director of Transporeon, said: “The transport price index was below the level of 2015 for the entire year of 2016, by an 5.2 per cent on average. One reason for this was the low diesel price. Admittedly, a further decrease of the price index is expected for the first quarter of 2017. Since the diesel price index ultimately continued to rise, however, I assume that the transport price index will be considerably higher as of the second quarter of 2017.”

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