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Utrecht, May 22, 2018 – The thirty-fifth edition of the Transport Market Monitor (TMM) by Transporeon and Capgemini Consulting reveals that following a seasonal recovery at the beginning of the year, available transport capacity has been declining again since March.
Main highlights of the report:
Lars Vitters, Supply Chain Manager at Capgemini, notes: “Despite the anticipated growth in European trade volumes the capacity index showed significant growth with a peak index of 131.9 in February 2018. Notwithstanding this overcapacity costs of transportation increased with over 7% compared to Q1 last year. We see a direct correlation with the rising fuel and driver shortage across Europe. Add to this the expected salary increases of drivers which are being negotiated across Europe. We therefore expect costs of transportation to further rise throughout the year.”
Oliver Kahrs, Director, Business Development at Transporeon, adds: “After a seasonal recovery of the available transport capacity at the beginning of the year, shippers in March once more had significantly less free loading space available. Transport prices in Q1 were 7% above previous year’s level. This could indicate expectations of the service providers that capacities will again become scarcer during the year, as they already did in 2017. This assumption is supported by our most recent internal figures, as well as by statements of the European Commission, which continues to forecast robust economic growth in Europe.”
More details can be found in the Transport Market Monitor on http://www.transportmarketmonitor.com.
The Transport Market Monitor by Transporeon and Capgemini Consulting is a quarterly publication that aims to track transport market dynamics.
The aim of the Transport Market Monitor is to provide insights in the development of transport prices, and other transport market dynamics to logistics executives and other interest groups. It is a joint initiative from TRANSPOREON and Capgemini Consulting. The Index is based on the logistics platform TRANSPOREON on which shippers tender and process their transport needs to their preferred transport partners on a daily basis. Anonymously, information is unlocked from the platform and analysed by Capgemini Consulting. This results in monthly Indices which are published on a quarterly basis.
About Capgemini Consulting
Capgemini Consulting is the global strategy and transformation consulting organisation of the Capgemini Group, specialising in advising and supporting enterprises in significant transformation, from innovative strategy to execution and with an unstinting focus on results. With the new digital economy creating significant disruptions and opportunities, the global team of 3,500 talented individuals work with leading companies and governments to master Digital Transformation, drawing on their understanding of the digital economy and leadership in business transformation and organisational change.
Find out more at: http://www.capgemini-consulting.com/
Transporeon is the cloud-based logistics platform that enables a worldwide collaborative network of logistics professionals. This global platform for intelligent transport logistics creates a digital connection between shippers and carriers, achieving smarter, transparent and more cost-effective movement of goods around the world. By digitising the entire logistics supply chain, it also enables real communication and collaboration across the worldwide shipper-carrier community.
The company links a global network of more than 1,000 shippers (manufacturers, suppliers, and retailers), 65,000 carriers (logistics and transportation service providers, 3PLs, freight forwarders, and brokers), and more than 100,000 users in over 100 countries through a range of software-as-a-service solutions currently available in 24 language versions.
Unique in the market, Transporeon Group solutions include onboarding, consultancy, and lifetime support with multilingual customer support. This ensures a customised fit for each organisation, boosting shipper/carrier performance and cutting costs while optimising carrier margins and lowering CO2 emissions. Transporeon services are ISO-27001 certified, and the group has global presence with offices across Europe, Russia, Asia, and the USA.
Learn more about us at www.transporeon.com.
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