European Benchmark Study Reveals Trends In Overseas Chemical Bulk Freight Market
Posted in the Logistics Forum
#1 Mar 12, 2013
Michiel van Dorst, Supply Chain Consultant, LHC Consulting
Gijs Hofman, Supply Chain Consultant, LHC Consulting
A 2012 Full Truck Load Chemical Liquid Bulk Benchmark study conducted by LHC Consulting (a CLX Logistics company) compared the contracted freight rates of chemical shippers for liquid bulk transport on a pan-European basis. The study accounted for differences in transport specifications including mode of transport, equipment type and product classification. Companies participating in the study collaboratively spend approximately €420 million ($560 million) annually on chemical liquid bulk freight.
Study results revealed that on an aggregate basis, freight rates for shipping chemical liquid bulk loads throughout Europe have decreased slightly between 2011 and 2012. At the same time, prices across different trade lanes often moved in opposite directions. For example, shipments originating from the Iberian Peninsula on average became 9% less expensive, caused, in part by the financial crisis in that part of Europe. During that same period, shipments out of Sweden became 5% more expensive.
While basic freight rates generally decreased from 2011 to 2012, increasing fuel prices (approximately 10%) propelled total costs for liquid bulk freight, indicating that fuel costs continue to account for an even larger part of total freight spend.
Read the blog at: http://blog.chemlogix.com/2013/01/european-be...
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