Transport prices in Europe in the first quarter were up 7.1 per cent on a year ago, latest figures from Transporeon reveal.
However, the 35th Transport Market Monitor shows that the price index fell by almost 15 per cent between the fourth quarter of 2017 and the first quarter of 2018.
The capacity index was down 2.4 per cent on a year ago, while the diesel index was up three per cent.
The monitor, which is produced by Transporeon in association with Capgemini, found that 2018 started off with the highest capacity index and lowest price index seen in the past 12 months.
“However, reflecting on the past years, a recurring trend seems to be that the first two months of the year show the highest capacity index of the year and lower prices,” is said.
The European Trade Flow Index, which is based on Capgemini’s Global Trade Flow Index, suggests that Q1 trade volumes in Europe are expected to increase by 18.3 per cent to €2,408 billion compared to Q4 2017. And Q1 2018 is expected to be 7.7 per cent higher than Q1 2017.