According to a report from the Transport Exchange Group (TEG), haulage prices in the United Kingdom are at their highest point since 2019. As such, the average price-per-mile figures have risen by 4.4% since February and rose 1% in May, despite inflation sitting at 8.7%.
Highlighted as part of the report was the fact that the road transport price index had risen 1.2% year-on-year, and May’s figures were the highest for the month since the index was first launched four years ago. Haulage prices also went up by 1.3% during the month – lower than courier prices which have almost plateaued, moving just 0.2%.
However, the report also offered some good news for haulage firms, mentioning that diesel price reductions are now starting to pick up pace. The cost of diesel dropped 2.75% last month,
A Contrast With Initial 2023 Haulage Prices
These results contrast with the beginning of 2023, which saw haulage prices at the lowest level since 2021. The report also went on to say that the government’s decision to allow longer trailers on the UK’s roads should boost the economy by £1.4bn while also potentially cutting CO2 emissions by a meaningful 70,000 tonnes.
CEO of Integra (a TEG data firm), Lyall Cresswell, had this to say about the recently published figures…“It’s great to see government support for the somewhat strained haulage and logistics industry. Allied with falling diesel prices and decreasing EV costs, the move to longer lorries could provide a real boost to the sector.
Of course, a strong supply chain is important to the economy, and consumers depend upon the road transport network for their daily needs. So the government will be hoping that the road transport industry can help the economy towards more positive growth.”
Continuing to Support the UK Haulage Industry
The UK haulage industry still sits in a crucial stage of its recovery as it battles against the ongoing HGV driver shortage, squeezed margins, and more. Haulage prices are high at present, while fuel costs are dropping, meaning that this TEG report represents mixed news, and all eyes are going to be closely watching future fluctuations.
In the meantime, the HGVC team will continue to do what it’s best known for – offering industry-leading HGV licence acquisition programs via our network of 60 nationwide training centres located across the UK. Staffed by highly-experienced instructors, our network allows us to offer programs that can meet any size of need, from single-driver training, right up to large-scale requirements.
However, if you’re looking to learn more about HGVC and what we do, take around our website, where you’ll find details of our HGV Skills Bootcamps, Driver CPC training, Driver Risk Assessments and more. Alternatively, if you’d prefer to speak to us directly about your HGV training needs, simply call 0330 818 8888 or click on ‘contact us’ and a member of our team will be in touch with you soon.
