Road Freight transport price October 2024 and outlook (see chart below)
Road Freight transport price index
This post is a summary of the Road Freight transport cost developments. The price developments of Road Freight transport cost are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Road Freight transport cost price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Road Freight transport cost prices is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Road Freight transport cost prices
- Recent price developments of underlying feedstocks which drive the price of Road Freight transport cost
- Market futures for both cost drives and feedstocks of Road Freight transport prices
- Adjustment of current supply/demand imbalances in the Road Freight transport cost market
- Longer term trends in likely demand conditions
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