Freight News, Logistics, Road

Hauliers offer value for money

[ March 15, 2023   //   ]

Haulage companies are absorbing rising operational costs and offering lowest prices in almost two years, according to the latest Road Transport Price Index by the Transport Exchange Group. It says that haulage price-per-mile has fallen nearly 2% year-on-year and 3% month-on-month, despite diesel prices rising 12% in the last year. In February, the average price charged by drivers and companies fell for the second consecutive month. The year-on-price was also down, despite meteoric rises in inflation and operational costs over the last year.

TEG adds that its data shows that despite cost and workforce pressures, haulage companies are still holding back their prices. But with the Windsor Framework potentially signalling closer cooperation between the UK and EU, hauliers will be hoping for an economic upturn and higher profit margins in the near future.

Over the past year, courier prices have told a different story, rising by over 10% year-on-year. In February, however, courier prices also fell by 4% as consumer spending grows slowly and focuses more on services than material goods relying on such services.