Ti: European road freight capacity jumps to a two-year-high

TRANSPORT INTELLIGENCE reports:

Available road freight capacity on the European market continues to rise, accompanied by a further decline in rates, according to the latest data by Transporeon.

The trend of rising road freight capacity in the European market seems to have stabilised as the industry continues to be faced with a sluggish economy alongside seasonal lows. Available capacity in the European market has been on an upward path since May 2022, according to Transporeon’s capacity index.

Compared to the previous month, road transport capacity increased by 6.3% in February 2023. Large capacity index increases between Q4 and Q1 are a regular pattern in the index. However, the capacity index increased by 19.0% year-on-year, which doesn’t match historical patterns and points to an untypical scenario, mainly due to lower market volumes. While more balance in capacity is certainly good news for shippers, it is worrying that available transport capacity saw a two-digit growth in February.

Due to the continued and gradual increase in capacity since the middle of the year, spot prices are falling. More specifically…

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