Haulage rates rose ‘significantly’ in August, according to the TEG Road Transport Index, writes Peter Brown.
It is attributing to the leap in part to the 10% jump in haulage costs over the past year. The index experienced a notable three-point rise in August, moving from a baseline of 123.7 to 126.7 in just 31 days. The 2.24% increase contrasts with August 2023, when the index fell.
The haulage sector saw a particularly strong rise, surging to a final index value of 125.2. Month-on-month, that equates to a 4.2-point (3.47%) increase.
Year-on-year haulage prices were 10.6 points (9.24%) higher than figures seen in August 2023. Meanwhile, the courier index also rose by 1.8 points in August to 128.0, marking a 1.42% increase.
Annually, the courier index was up a full four points (3.22%).
While respective price rises differed, all index markers were up in August – an about turn not seen since September 2023.
