May 2024 is the fifth consecutive month of reduced vehicle availability for transport, with a 7% decrease compared to the same month last year and a 4.9% decrease compared to April 2024. The index stands at 94.67, while the peak value (110) was observed in July-August 2022 when demand for road transport exceeded supply. After a slight decrease, the index remained stable (between 100 and 105) until May 2023, after which it fluctuated until the end of the year, peaking in January 2024 (close to 110). It has since begun a steady decline.
According to Ti, the decline in road freight transport supply also stems from upcoming sporting events, such as the Paris Olympics and the 2024 European Championships, which are increasing transport volumes in France and Germany, the two main European economies, further reducing road transport capacity.
This also leads to increased rates: in May 2024, the spot rate index rose by 6.8% compared to April 2024 (+12.5% annually), while the contract rate index increased by 3.1% year-over-year and by 0.3% from the previous month, reaching 125.42 in May 2024. In the future, the lack of capacity, combined with rising consumer demand, could further amplify spot and contractual prices, as observed in June 2022.
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Logistic Post
“Capacitatea europeană de transport rutier scade în continuare”
Posted on Jun 8, 2024.
Accessed on Jun 13, 2024
