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).
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 trends 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.
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 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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