Forwarding, Freight News, Logistics, Road

Davies Turner sees slowdown ahead

[ May 14, 2019   //   ]

The steady rise in European freight volumes of recent years could finally be slowing down.

With reports that available road haulage capacity in Europe is at its highest level in a decade, chairman of the Davies Turner Group, Philip Stephenson said: “One year ago European haulage capacity was very tight, especially in Germany, while now there is currently the capacity to handle demand, despite the well publicised driver shortages.
“We have also noted that haulage prices in the first quarter of 2019 were higher than in the first quarter of 2018. That is not surprising, despite the situation regarding supply and demand, as we are seeing a much-needed catch up in pricing, as underlying operational costs continue to increase strongly due to driver shortages pushing up employment costs. Road tolls and fuel prices are increasing.”