Latest market updates

Logistics never stands still! To identify risks at an early stage and make use of opportunities at the right time, you must always know how the transport market is developing. In doing so, it is essential to distinguish important from unimportant information and to draw the right conclusions.

Every day, our experts analyze huge amounts of data from the Transporeon platforms and combine them with years of experience in consulting and supporting customers in transport logistics. With these latest market updates, we provide you with daily key figures on the most relevant developments including chart and interpretation at a glance!

Automotive& chemical industry with higher demand than last week – other industries with decreases

The trend towards recovery in the automotive industry continued in calendar week 20. Transport volumes in the chemical industry also increased last week. In contrast, the negative trend in the paper and print sector continued. In the construction materials industry, the number of transports fell slightly again last week after a short-lived recovery.

Firstquarter reports from airlines show declining cargo revenues

Despite capacity bottlenecks, airlines are experiencing declining revenues from air cargo sector. Carriers are expected to continue to struggle with the consequences of the corona pandemic until 2022.

Although airlines have started to use passenger aircraft as pure cargo planes, the situation in the airfreight sector remains tense.

The share of spot awards in the air cargo business is still increased. 

Our experts at TIM Consult are currently evaluating
two possible scenarios for the further development in the air cargo sector:

Scenario A: Increasing demand & summer holidays lead to additional passenger aircraft and capacity for freight. Rates will globally get back on contracted level and further decrease. 

Scenario B: Shortages in capacity & volatile markets lead to further airline bankruptcies and bottleneck situation on trade level. Rate levels remain higher than contractually agreed.

Italy & France with ongoing recovery: Sixth week of increase in demand visible. Spain still at very low level, slight decrease in Week 20.

While indices for domestic transports in Italy and France have been recovering steadily since calendar week 14, both for spot and contract-based allocation, the value for Spain remains at a significantly reduced level. In calendar week 20, the rate-based transport volume in Spain fell again and remains 29% below the January/February transport volume.

Industry market update Automotive and Construction Materials (week 11 - 20 as of 15.05.2020)

Our experts statement:

Construction Materials:

An upward trend can be observed in the construction materials industry, although there is still a decrease of more then -20% shippers demand compared to last year.
The strong overcapacity on the truck market enables shippers to realize savings easily.

Automotive: 

After a sharp collapse in the automotive industry in March and April, we see an increasing trend in the last two weeks.  Shipper demand is still far below the previous year's level.
Current shippers' market leads to decreasing transport prices and a strong oversupply of free truck capacities.

Industry market update Construction Materials (week 11 - 20 as of 14.05.2020)

Industry market update - Construction Materials (week 10 - 19 as of 12.05.2020)

Industry market update Automotive (week 11 - 20 as of 13.05.2020)

Industry market update - Automotive (week 10 - 19 as of 11.05.2020)

 

Road transport market update - Germany domestic/export (week 10 - 19 as of 08.05.2020)

Our experts statement:

The transport market in Germany is still below the level of the previous year, whereby cross-border transports are more affected by the declines then domestic transports.

It is noticeable that there is still lot of available truck capacity on the market which allows shippers to achieve savings up to 12%.

Industry market update - Automotive, FMCG, Wood & Timber (week 14 - 18 as of 30.04.2020)

Our experts statement:

Automotive

It is obvious that the automotive industry is picking up speed again. The level is still far below that of the previous year, but with a strong upward trend. It is noticeable that the industry is using the free capacities on the  spot market more than other sectors.

FMCG

FMCG industry shows a steady trend in output, which is mainly handled with contracted carriers. The additional volumes are currently being sourced via the spot market, which is in favour due to  available free truck capacities and huge saving potentials.

Wood & Timber

The contract allocation is still below the level of the previous year. It is obvious that the wood & timber industry is taking advantage of the favorable situation on the spot market to make savings.

Industry market update - Automotive and FMCG, comparing the spot and contracted transport developments as of 27.04.2020

Double-sided corridor road market update, Germany - Italy / Italy - Germany (week 9 - 17 as of 24.04.2020)

Our experts statement:

Germany - Italy

Since week 11 demand has been declining and is still below the level of the previous year.

Although carriers have reduced their capacities considerably, the corridor DE-IT turns from a carrier market to a shipper market, which shows carrier overcapacity starting from  week 16.

Italy - Germany 

Shippers demand is still below the previous year's level, so the corridor is still seeking its balance. 

We are currently experiencing a truck overcapacity with falling prices.

Corridor road transport market updates

Germany - BeNeLux / Germany - France / Germany - Poland

In all corridor updates shows this week, we see a similar trend in transport capacity and demand. We see a huge overcapacity of the carriers in the spot market and a decline in the shippers demand in comparison to the last year.

Corridor road transport market update - Germany - BeNeLux (week 9 - 17 as of 23.04.2020)

Corridor road transport market update - Germany - France (week 9 - 17 as of 22.04.2020)

Corridor road transport market update - Germany - Poland (week 9 - 17 as of 22.04.2020)

Spot market update as of 20.04.2020 showing 02.04 - 16.04.2020

Our experts statement:

Allover Europe shippers demand is on a weak level (only exception: FMCG)  which is still below the demand level of January- February 2020.

Althought there is a carrier overcapacity on the market, its seems that shippers rather remain with contractual partners instead of using free available capacities on the transport market.

All industries are showing spot figures below the January-February 2020 values (only exception FMCG).

Spot market update as of 02.04.2020 showing 18.03 - 01.04.2020

Our experts statement:

All industries are affected by a decrease in output. FMCG still over average (January and February) but coolling down compared to last week. Automotive declined by 40% (comparison same period in January and February 2020). Metal & Steel stronger decrease in contracted volumes due to that shifting to spot market. Wood & Timber last two weeks constant slight decrease resulting in -20% (compared to January and February 20).

In calendar week 16 (14.04 - 17.04) we gave you a daily update on the road market in Europe

Please find below the corresponding statement of our experts and daily updated charts.

In Europe, the road market development is similar to that in Germany. The contracted transport demand of shippers has also declined over the last weeks compared to 2019. The spot market capacity of carriers remained high (Europe + 35% in comparison to 2019) in week 15, while at the same time the rejection ratio of contracted transports of carriers has fallen by almost 25% to 7.5% (all over Europe) compared to the previous year. Thus, the assumption that carriers are urgently seeking transports can be extended from Germany to Europe. This trend of unbalanced road transport market is expected to continue in week 16.

Road transport market update - Europe as of 16.04.2020

Road transport market update - Europe as of 15.04.2020

Road transport market update - Europe as of 14.04.2020

In calendar week 15 (06.04 - 09.04) we gave you a daily update on the road market in Germany

Please find below the corresponding statement of our experts and daily updated charts.

Our platform data show an extremely unbalanced road market at the moment. In Germany the contracted transport demand of shippers in comparison to 2020 decreased slightly over the last weeks whereas the spot market capacity of carriers literally explode on the market up to 15% compared to the week before (51% compared to the same period year before). In addition, the rejection ratio of contracted transports has decreased to 4.3% (change to week before by -42%). Together with the increased spot market capacity this definitely shows that carriers are desperately seeking transports.”

Road transport market update - Germany as of 09.04.2020

Road transport market update - Germany as of 08.04.2020

Road transport market update - Germany as of 07.04.2020

Road transport market update - Germany as of 06.04.2020

MORE INSIGHTS

Legend

Carriers order decline rate: percentage of contracted transports rejected by carriers

Shippers demand 2019 vs. 2020: change in the offer ratio of contracted transports by shippers from the previous year

Carriers capacity (spot market): free capacity of carriers on the spot market

Please be aware

  • There is no separation according to truck types, they are all included
  • Differences in the charts, when updated daily may occur due to declined, deleted or changed transports of the past

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