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