June transport prices continued to climb albeit below annual trend
The overall TEG index rose modestly in June, while courier prices stayed almost level month-on-month.
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Index trends at a glance
On the back of a strong rise in May, the TEG Road Transport Index inched up 1.8 points to 125.6 in June – a 1.45% monthly rise. This was comfortably lower than the year-on-year percentage change, which stood at 2.69%.
Haulier prices also experienced a further rise. They increased 3.5 points during June, which amounted to a 2.93% monthly rise. Again, this was lower than the annual percentage change – 3.98%.
Meanwhile, courier prices stayed almost level. The index increased only 0.3 points in June (0.23% monthly rise), compared to 3.8 points in May.
June figures suggest the overall index, and courier prices, are rising more slowly as we move into the summer. Looking back at 2023, July and August saw the TEG index fall. With many factors at play right now, it’s hard to predict whether the same will happen in 2024.
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Providing vital insight into the transport industry that the UK depends upon
The TEG Road Transport Price Index provides a monthly overview of the price-per-mile cost for vehicles used in the UK's haulage and courier industry. This index considers various factors, including supply and demand levels as affected by Brexit, Covid-19, driver shortages, and other economic factors.
Stay up-to-date on the latest trends and pricing in the UK's road transport industry by following the TEG Road Transport Price Index.
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 TEG Road Transport Index: Accurate Tracking of Price per Mile
The TEG Road Transport Index is a comprehensive tool that uses an arithmetic weighting system to track changes in Price per Mile (PPM) each month. The index is based on a January 2019 baseline and uses the Paasche formula to apply weighting according to the mileage mix from each vehicle type. This ensures that each month's PPM is compared accurately with the base month. Stay informed with the industry's leading metric for transportation costs.
The data is gathered, anonymised, and aggregated from over two million spot market loads transacted across the TEG platforms, before being validated, analysed and published.
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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