The twenty-third edition of the Transport Market Monitor, a magazine published by Capgemini Consulting and Transporeon, presents the dynamics of the transport market.
The purpose of the TMM analysis is to present the dynamics of the transport market in Europe, taking into account transport price trends, current price levels, cargo volumes of completed routes, and future forecasts. It is a joint initiative of Transporeon and Capgemini Consulting. The TMM analysis is based on anonymous data collected from the Transporeon platform, through which shipping companies publish current routes and assign them to selected carriers. The twenty-third edition of the Transport Market Monitor (TMM) – published by Capgemini Consulting and Transporeon – shows that transport prices fell by 3.7% in the first quarter of 2015 compared to prices in the fourth quarter of 2014.
The main points of the report are:
• The price index fell by 3.7% in Q1 2015 (index 94.5), compared to the price index in Q4 2014 (index 98.2).
• Compared to the index level last year (index 91.5), the price index in Q1 2014 is 3.3% higher.
• In Q1 2015, the diesel price index fell to 86.1 (-8.1%). It is currently 14.8% lower compared to the same period of the previous year.
• The transport capacity index continued to rise to 104.0 (+14.4%).
– Since 2008, we have witnessed an annual sharp increase in transport capacity in the first quarter, which led to a decrease in the price index, but in the first quarter of 2015, the effect was not as extreme as in previous years. This is due to the recovery of the European economy, which has caused an increase in demand for transport capacity. Regardless, the low price of diesel is also good news for both shippers and carriers – noted Erik van Dort, Supply Chain Director at Capgemini.
– Despite the low price of diesel, transport prices are at a higher level compared to the first quarter of 2014. It seems that other factors have a greater impact on transport prices at the moment – added Peter Förster, Managing Director of Transporeon.
More information about the Transport Market Monitor can be found at: www.transportmarketmonitor.com.