THE latest TEG index data reveals that the average price-per-mile for haulage vehicles dropped between June and July for the first time since 2019, in line with lower fuel prices
The average price-per-mile for haulage vehicles has decreased from 118.5 points in June 2022 to 116.8 points in July 2022, according to the TEG Price Index.
When comparing haulage prices from the same time last year, there has been a 4% drop in the index, which has fallen 5.5 points – from 122.3 points to 116.8 points.
The stabilisation in haulage prices may partly reflect the impact of gradually decreasing fuel prices. Average diesel prices at the pumps increased by 2.89% from June to July, compared to the 6.59% increase that took place the previous period – a levelling out caused by an overall drop in the price of oil.
However, with inflation continuing to bite, there have been appeals for greater support to help haulage businesses stay afloat and thrive in the long-term. The All-Party Parliamentary Group for Road Freight and Logistics has called on the government to introduce an immediate ‘essential user rebate’ of at least 15p per litre for hauliers.
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