UK road freight rates reach three-year peak 14/01/22

Data released by the Transport Exchange Group (TEG) has revealed that the average price-per-mile for haulage and courier vehicles increased by 5.3 points between November and December last year. Rates are now at a three-year high.

Surging rates have primarily been caused by the effects of Brexit (drivers leaving the industry, increased red tape at borders) and the ongoing pandemic.

The same data shows that the average price-per-mile increased by 30.3 points in December 2021, when compared with December 2020.

There was also a disparity between courier and HGV drivers. With more drivers now opting to work in the courier sector, haulage rates have been rising faster than courier rates.

Going forward into 2022, there is some concern that the recently implemented full customs checks on EU imports to the UK could lead to additional costs being incurred through non-compliance.

Please contact our Customer teams for any information relating to specific bookings.