Utrecht - The twenty-ninth edition of the Transport Market Monitor (TMM) by Transporeon and Capgemini Consulting reveals that transport prices decreased by 1.3% in Q3 2016 compared to Q2 2016.
Main highlights of the report:
- The price index decreased by 1.3% in Q3 2016 (index 95.1). When comparing to the index level of the previous year, Q3 2015, we see that the price index decreased by 5.5%.
- In Q3 2016, the capacity index decreased to an index level of 84.9 (-3.4%). Compared to Q3 2015, all 2016 Q3 months show an increase in the capacity index.
- The diesel index displayed growth for the second quarter in a row, to an index of 69.9. This index is 2% higher than Q2 2016.
Erik van Dort, Supply Chain Director at Capgemini notes: "2016 remains a very bad year for the transport companies. Similar to Q2, the prices paid in Q3 for transport are exceptionally low. Only in the crisis year 2009 the prices were a bit lower, but then the diesel was quite a bit cheaper, so you could defend the statement that this looks like the worst Q3 for carriers since we started tracking."
Peter Förster, Managing Director of Transporeon, added: "It is very unusual for the capacity index and price index to fall at the same time. When a shortage of capacity no longer leads to a price rise, that is something new, above all for the transport service fourth quarter, it will be very interesting to see what happens in the next few months."
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 analyzed 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 organization of the Capgemini Group, specializing 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, our global team of over 3,000 talented individuals work with leading companies and governments to master Digital Transformation, drawing on our understanding of the digital economy and our leadership in business transformation and organizational change.
Learn more about us at www.capgemini-consulting.com or @CapgeminiConsul.
The logistics platform TRANSPOREON connects shippers from industry & trading companies with carriers, drivers & consignees – and optimizes and accelerates logistics processes by Software-as-a-Service (SaaS) solutions. TRANSPOREON allows reducing dispatch and freight costs, while minimizing waiting times during loading and unloading. Currently more than 1,000 industry and trading companies, more than 55,000 carriers and more than 150,000 users from 100 countries are connected via the TRANSPOREON platform. The platform as well as the customer service is available in 23 languages.
Learn more about us at www.transporeon.com.