European road prices on the up
But prices have yet to reach second quarter 2008 levels
European road transport prices jumped in the second quarter of 2010 and returned to pre-crisis levels, according to analysts.
The fourth edition of the Transport Market Monitor by Capgemini Consulting and Transporeon revealed that the road transport and haulage market saw prices increase by 13.5% year-on-year in the second quarter of 2010.
But while prices had returned to pre-crisis levels, they are still 2.2% below the level recorded during the second quarter of 2008.
The analysts said a significant increase in demand for transport services was one of the main drivers for the price increase.
As a result of the increase in demand, the analyst’s Capacity index decreased by 44% in the second quarter, compared to the first quarter of 2010.
Erwin den Exter, Principal Consultant at Capgemini Consulting, said: “We have seen a significant price increase during the second quarter, especially during the first months. The increase slowed down in June, but we still see an increasing trend.”
The fourth edition of the Transport Market Monitor by Capgemini Consulting and Transporeon revealed that the road transport and haulage market saw prices increase by 13.5% year-on-year in the second quarter of 2010.
But while prices had returned to pre-crisis levels, they are still 2.2% below the level recorded during the second quarter of 2008.
The analysts said a significant increase in demand for transport services was one of the main drivers for the price increase.
As a result of the increase in demand, the analyst’s Capacity index decreased by 44% in the second quarter, compared to the first quarter of 2010.
Erwin den Exter, Principal Consultant at Capgemini Consulting, said: “We have seen a significant price increase during the second quarter, especially during the first months. The increase slowed down in June, but we still see an increasing trend.”
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