- Compared to April 2019, 65% more road transport capacity is currently available in Europe.
- Available capacity has also seen a significant increase of more than 40% compared to March 2020.
- Surplus capacity has led to falling prices on the spot market: the price decrease compared to April 2019 currently stands at more than 12%.
- Surplus capacities and lower transport prices in Europe are above all the consequence of reduced industrial demand: in the automotive industry alone 50% more transport capacity is available than one year ago.
This is the result of the current evaluation of the transport market monitor (TMM). The online service is provided by Tim Consult on the basis of transport data of more than 1.8 million freight loads per year, processed by Transporeon, the European market leader for cloud-based platforms in transport logistics.
“The trend towards increasing capacity surplus continues in the European road transport market,” said Oliver Kahrs, Senior Manager Central Accounts & Partner Management of Transporeon. “While we look forward to the current easing of corona restrictions, we can be sure it will be some time before we reach pre-crisis levels across sectors. During these difficult times we want to support all market participants. That’s why we’re offering up to 31 May all companies free access to our TMM Premium+ package.”
Further information on the transportation market is available free of charge at the following link: https://www.transportmarketmonitor.com/