Cross-Channel pricing review - Quarter 4
Jan 8th, 2016
Background factors in Q4
To ensure we are close to the market, Freightex tracks the pricing over our core routes, which are movements in and out of the UK to and from mainland Europe. Fuel prices – surprisingly, perhaps − continued to fall, to around €1.13/lt for the EU28 average. The disruption around crossing the Channel continued, if at a lower level: we had delays of 3-6 hours on the UK side but the continuous queue of ‘Operation Stack’ was less common; and on the French side there was sporadic interruption of the Channel Tunnel due to migrant activity.
The Channel crossings seem to be coping currently, although weather or other disruption can quickly cause a backlog. The market was lively through November but we did not see the frantic, unplanned rush the week before Christmas of previous years, and major clients seemed to have planned capacity better. We should also mention the currency movement, which has seen GBP/Euro very volatile − starting in October at around €1.35, rising to €1.43 in mid November, and back to €1.35 by the end of the year.
You can read the rest of the article about the pricing trends for GBP-paying customers and for the Euro-paying customers here: LloydsLoadingList.com.