Rail and Truck Freight Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Rail and Truck Freight in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Rail and Truck Freight Price Trend for the First Half of 2023

Rail and Truck Freight prices continued their upward journey in the H1’23 as well. The prices surged as the United Kingdom’s plan to hike train prices by 5.9% came into action in March’23. The surge in prices was primarily to tackle the stir caused by high inflation.

Rail and Truck Freight Price Chart

Rail and Truck Freight Price Trends

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As the new supply chains and trade routes were established to support trade, the prices rose for the trucking industry as well. The Russian invasion of Ukraine completely shook the European economy; all major industrial sectors suffered because of it, and most markets suffered demand destruction as the prices got unreasonably high, especially the energy prices. So, the trucking fare was also inclined to counter that. As the markets started opening again, there were more requirements for transportation. Overall, the Rail and Truck Freight prices remained afloat.

Analyst Insight

According to Procurement Resource, the Rail and Truck Freight prices are expected to fluctuate in the upcoming months as the markets strive for normalization.

Rail and Truck Freight Price Trend for the Second Half of 2022

Rail and Truck Freight prices usually depend on the fuel, coal, and energy prices the most. But geopolitical situations like the Russia – Ukraine war also made a significant impact. During the second half of the year 2022, the Rail and Truck Freight rose consistently. Indian Railways hiked prices for almost all kinds of trains without any significant improvement in facilities or service. In the United Kingdom, too, the train fare was projected for an approximately 5% hike.

The trucking fares also rose and were reported to be higher than the pre-pandemic levels during the said time period. As most customer companies shifted to more contract-based arrangements, a rise in driver wages, insurance fees, fuel, and maintenance costs raised the truck operational costs by around 21% as compared to the same times in the previous year. The trucking companies saw around a 7% rise in investments as the profit margins improved.

Analyst Insight

According to Procurement Resource, the Rail and Truck Freight prices are expected to grow further given the current volatilities in the global economy.

Rail and Truck Freight Price Trend for the First Half of 2022

The global supply chain disruptions due to the Russia-Ukraine war has exacerbated the position of the transport sector. The surging oil prices, and the additional CO2 taxes levied to reduce the carbon footprints had a significant impact on the diesel and fuel prices of a country.

In the US the truck freight costs have increased by 28% Y-O-Y basis almost double since 2019 levels due to the shortages of truck drivers and high-cost inflation. The high shipping demand still outweighs the restricted capacity of truck freights. The price of fuel has risen over 70% in the US with no sign of stopping. The cost of input equipment has risen by 50%.

Hence, all these factors heavily influenced the prices of truck freight. Currently, the prices of rail freight are still cheaper than truck freight, but the rising costs threaten to soon wipe out this advantage.

Due to the quadrupling of electricity prices each slowdown, extra stoppages increase the input costs for rail freight. The 30-35% rise in electricity prices decreases the profit margins of operating freights by 22%.Hence, the price trend for rail and truck freight kept soaring throughout the said period.

Procurement Resource provides latest prices of Rail and Truck Freight. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Land or "ground" shipping can be done with the help of train or by truck. Rail Freight refers to the transportation of cargo via a network of trains, railroads, and stations. Further, Rail Freight Transports, that is, the railways dedicated to the transportation of cargo as opposed to human passengers are managed using the help freight corridors, which are transport cargos.

Rail Freight is the best available option when the requirements are high speed delivery, shipping of large quantities in bulk and the delivery of shipment over long distances. On the other hand, transportation of freight or cargo by trucks is referred to as Truck Freight. In Truck Freight, the shipment directly goes from the place of origin to its destination, which is referred to as door-to-door sihpment, or multimodal transport. Further, trucks and trains can make deliveries to sea and airports where cargo is moved in bulk.

Product Details

Report Features Details
Product Name Rail and Truck Freight
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer 
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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