Introduction
Our latest Road Market Update explores the dynamic landscape of road transport in the Euro Area, delving into the significant economic, legislative, and technological shifts shaping the industry, as well as the latest developments at DSV.
General Economic Development: Euro Area
- The Gross Domestic Product (GDP) was worth 14136.24 billion US dollars in 2022, which represents 6.08% of the world economy.
- Inflation rate rose to 2.9% year-on-year in December 2023 from an over two-year low of 2.4% in November 2023.
- Energy prices declined by 6.7% (vs -11.5% in November), while service inflation remained steady at 4.0%.
- The pace of price rises moderated for both food, alcohol & tobacco (6.1% vs 6.9%) and non-energy industrial goods (2.5% vs 2.9%).
- The core inflation rate, excluding volatile food and energy prices cooled to 3.4%.
- On a monthly basis, consumer prices increased by 0.2% in December, following a 0.6% drop in November.
Source: World Bank, Eurostat
Transport Capacity and Fuel Prices
Source: Transporeon Market Monitor, EC Oil Bulletin
-
Transport capacity
Continuing stable pattern in the second half of 2023 -
Capacity Index vs Diesel Price
104.9 / €1.713,88
Fuel price development shows similar stable pattern after the decrease in Q2. -
European Union Consumer Confidence indicator
Up to the level in July, where it started declining, for the first time in a year.
Source: europa.eu -
Truck driver shortages
have increased globally in 2023. Shortages eased slightly in Europe and US, due to low demand. Report by IRU expect the shortages to get worse in the coming years. Source: iru.org -
Red Sea attacks
Biggest disruption to global trade since the pandemic. Diverting around Africa equals longer transit times and increases freight rates. The extra cost and delays could potentially affect global prices and demands, just as inflation had fallen.
Source: trans.info
Sustainability: External Market Updates and Impacts
All road taxes and ETS are applicable from 1st Jan 2024.
Austrian MAUT
A new increase of 8,6% on existing road tax rates.
German MAUT
1st Dec 2023: The CO₂ emission class will be a new tariff property. A CO₂ surcharge will be applied, which increases the toll rates with 0,158€ per km.
1st Jan 2024: Vehicles that are powered by natural gas (CNG/LNG) will become subject to toll.
1st Jul 2024: Vehicles with a Technically Permissible Maximum Laden Mass of more than 3.5 tonnes will become subject to toll.
Hungarian Road Tax
The current road tax in Hungary has been raised again.
The first rule of decarbonization? Know your CO2
DSV takes a bold, and first in the industry step, towards a more sustainable future by fostering transparency and environmental responsibility across its Road operations.
- Distance: is calculated by EcoTransIT based on information about pick-up, delivery, origin and destination addresses in DSV TMS
- Gross Weight: information comes directly from DSV Transport Management Systems (TMS)
- Emission Factor: The adjusted emission factor is applied by EcoTransIT with transport mode specific shipment data such as flight number & carrier information from DSV TMS
We look forward to rolling out CO2 on invoices across Europe during 2024
Manager CoE Integrations at DSV, Jeroen Lommen
-
Environmental Responsibility
DSV is introducing CO2 on invoices showing emissions calculations on invoices. This initiative aims to create awareness of carbon emissions on a shipment level, showing commitment to reducing the environmental impact of logistics operations. -
The Pilot
A pilot program began in December 2023 with customers in Denmark and the Netherlands. A thorough assessment of the effectiveness in these pilot countries will be conducted before expanding to the remaining countries in Europe this year.
DSV Climate Academy online seminars
4 chapters that take you around climate change and sustainability in the transport industry
-
Chapter 1
The Climate Challenge
Gain insight into the climate impact of the transportation and logistics industry
-
Chapter 2
Green Lines of the Law
Explore the complexity of the EU´s and Denmark´s climate and ESG regulations
-
Chapter 3
Climate Accounting
Explore the potential of the transformative powers of the climate accounting
-
Chapter 4
DSV - Green Solutions
Gain insight into DSV´s groundbreaking strategies in green transportation and logistics solutions
Any questions?
Our experts are ready to help. Get in touch and we'll find the solution you need.
