TEG Road Transport Price Index shows haulage prices picking up pace
Haulage prices have risen by 3.6% in the past month, resulting in an all-time high price-per-mile in April. Despite double-digit inflation, interest rates are expected to increase for the 12th consecutive month. Stay informed about the current market trends.
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Trends at a glance
In April, the combined price-per-mile for haulage and courier vehicles soared 2.7% to reach its highest-ever level for the month. The significant increase was driven by a robust growth in haulage rates, signaling the start of the typical spring price upswing.
Haulage prices are down by 2% compared to last year's level, while courier prices increased by 3.6%. Despite this contrast, the overall price remains stable year-on-year.
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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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