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European road haulage capacity is at ‘historically low’ level
Costs and rates rise as shortages of drivers and free load space becomes freight forwarders’ greatest challenge in 2018. Available transport capacity is fluctuating around a historically low level, while hikes in fuel rates and driver shortages are also driving hauliers’ to operate at higher costs according to the latest quarterly Transport Market Monitor (TMM).
Compared to the first quarter of 2018, the TMM’s capacity index value was 36.3% lower in the second quarter of 2018 but 6.6% higher than the equivalent period last year.
It seems the challenge is set to continue to find space in the last quarters with driver shortages at the forefront
It’s a huge welcome to Matt Slater who has joined the Company in Manchester. We’ve known Matt for some time now working with him here from Coventry and I’m sure he’s going to be a great addition to the RTS team.