August haulage prices jump despite fuel price drops and recession fear

By Made Neat - 

According to the Exchange price index, despite fuel prices decreasing and the threat of a recession, average haulage prices-per-mile increased in August 

You might expect average prices-per-mile on The Exchange to have dropped in August. 

Experts keep telling us there’s a recession on the cards. And, with more and more people fearing a recession, a drop in demand for fuel has caused pump prices to fall. 

Even so, our August price index shows average prices-per-mile on the Haulage Exchange in fact increased by 0.86% in August… which means average road transport prices have now increased for six months straight.  

Exchange load posters might therefore plan for haulage fees to be a little higher than they were a month or so ago. Drivers, meanwhile, might expect their revenues to increase. 

Kirsten Tisdale, Fellow of the Chartered Institute of Logistics & Transport and leading logistics expert, believes the key driver behind the price hike is the time of year: “[I]f I was a betting person I’d have put money on it going down given the state of the economy!” she said. But having said that, perhaps I shouldn’t have been surprised as the haulage index has always gone up at this time of year since it started back in 2019.” 

The bottom line? 

For now, haulage prices remain buoyant despite the economic downturn… and prices usually rise as Christmas nears. 

Don't miss...
How to find haulage carriers in less than 4 minutes

If there's one key to freight forwarding today, it's efficiency. In this post, we discuss how HX…

Why freight forwarder insurance is essential for your business

Freight forwarder insurance is a safety blanket. It helps protect forwarders from accidents and damages.

Haulage prices climb as diesel prices fall

The latest update from the HX Price Index

Don't miss...

No emissions for Euro 6

Why can’t I currently retrofit my commercial vehicle to meet Euro-6/VI standards and when will I be able to do so?

Imagine if you could move physical cargo across continents as effectively and smoothly as a computer moves data. This is the groundbreaking concept of the physical internet and a philosophy that logisticians and academics hope to integrate into real-world freight supply chains by 2050.

Read full article
Benett and the conservative party

How a submariner made electric trucks a reality and why freight exchange platform members should be excited

What links a former Israeli submarine officer to the UK freight sector? The answer is a state-of-the-art electric truck with range extending technology, which could one day dramatically increase the size of a collaborative logistics platforms’ virtual electric lorry fleet.

Read full article

North Yorkshire Police Launch Operation to Target Cargo Thieves

Cargo theft is one of the most serious problems faced by haulage companies in the UK, and it’s a sad reflection of the times that we have to spend so much time putting in measures to counteract it. Police in North Yorkshire have recently launched an initiative to increase their patrols in order to help curb the incidents of this kind of crime.

Read full article

Black Friday sale is ON

Great discounts for the first 200 new businesses that join. Claim yours before it's too late.

Register now