TEG Road Transport Price Index increases for the sixth consecutive month, as fuel prices continue to fall

Average price-per-mile for couriers has increased by 8 points in a year, whilst haulage index is back up by 1 point month-on-month

Integra makes sense of the road transport landscape. Get more insight with Integra, TEG’s enterprise solution.

Trends at a glance

The overall index increased by 0.4 points this month, although the index has dropped slightly year-on-year, by 0.2 points.

Courier prices decreased by just 0.1 points during August, falling from their all-time high in July. However, they have increasedby 8 points compared to last August. 

This time last year, haulage prices were much higher and have now fallen 10.9 points in 12 months. Midway through the month, haulage prices had dropped 2 points, but have now risen again to be up 1 point compared to last month. 

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Providing vital insight into the transport industry that the UK depends upon

The TEG Road Transport Price Index charts the price-per-mile cost for UK haulage and courier vehicles each month, which is a product of supply and demand levels affected by Brexit, Covid-19, driver shortages and other factors.

What is the TEG Road Transport Price Index

  • Charts the price-per-mile cost for UK haulage and courier vehicles each month
  • Uses data from over four million aggregated and anonymised transactions
  • Provides valuable insights to policymakers and industry operators alike
  • Tracks changes and highlights market trends
Industry benchmarking
Single source of truth
Quick view on market trends

The methodology

The data

The TEG Road Transport Index is an arithmetic weighted series, tracking PPM (Price per Mile) each month against a base of January 2019.

Weighting is applied according to the mileage mix from each vehicle type using the Paasche formula. This ensures the PPM of each month is compared accurately with the base month.

Data is gathered from completed transactions on the TEG platforms. 

PPM = (sum order values) / (sum order miles)
 
Sample size is circa 2m orders per annum across c. 8,000 participants.  

Data ID: A3, B3, C3

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Want to see more in depth data? Click below to visit the Integra Market Data Reports