Weekly 'Brexit Market Monitor' tracks road freight trends

Tim Consult, a subsidiary of  German cloud-based logistics software provider, Transporeon, has launched its weekly Brexit Market Monitor, which provides “the latest insights on key UK inbound corridors” for road freight. 

The current edition, for calendar week (CW) 52, revealed that on Germany-UK routes, “demand decreased significantly, following the usual pattern. Spot rates went down from the peak in CW 51 but are still more than 40% higher than the average of Q3. Rejections of contract business increased sharply.”

Turning to France-UK routes, Tim Consult said that demand “declined as expected in CW 52. Spot rates went down versus the peak in the previous week. What needs to be mentioned is that we observed isolated cases with spot rates above €6/km but decided to exclude them from the analysis as they were sporadic. Notably, rejections shot up to 188% higher than Q3 despite the lower demand.”

As for Italy-UK routes, while demand dropped  compared to CW 51 and showed a 60% decline versus Q3, “spot rates from Italy to Great Britain are bucking the trend seen on other lanes. They were 118% higher than the Q3 average. Rejections of contract business declined with the same pace as demand and are ‘only’ 32% higher than Q3.

On Poland-UK routes, “the situation seems to be normalizing after the extremes of CW 51. Demand declined significantly and so did the rejection rate. Spot rates were still at elevated level versus Q3 but declined versus the previous week,” Tim Consult added.