{"id":63018,"date":"2023-10-12T18:24:52","date_gmt":"2023-10-12T16:24:52","guid":{"rendered":"https:\/\/blog.brand-architecture.at\/2023\/10\/12\/automotive-logistics-costs-increased-by-around-60-percent-in-4-years\/"},"modified":"2023-10-12T18:24:52","modified_gmt":"2023-10-12T16:24:52","slug":"automotive-logistics-costs-increased-by-around-60-percent-in-4-years","status":"publish","type":"post","link":"https:\/\/loginfo24.com\/en\/2023\/10\/12\/automotive-logistics-costs-increased-by-around-60-percent-in-4-years\/","title":{"rendered":"Automotive Logistics Costs Increased by Around 60 Percent in 4 Years"},"content":{"rendered":"<h5><strong>The cost index for automotive logistics for the first half of 2023 has been updated and published. ECG &#8211; the Association of European Vehicle Logistics and PwC Austria continue their successful partnership to publish regular index updates.<\/strong><\/h5>\n<p>(Brussels) The cost index for automotive logistics stands at 158.7 in the second quarter of 2023. This means that total costs have increased by 58.7 percent from January 2019 to June 2023. In the first quarter of 2023, the index was at 157.8, representing an increase of 0.9 percent. The following results were derived for the four logistics segments:<\/p>\n<ul>\n<li><strong>Logistics Segment Truck Transport<\/strong>: The FVL road cost index is 123.1 for the second quarter of 2023, which corresponds to a cost increase of 23.1 percent for the period from January 2019 to June 2023. For the first quarter of 2023, the index was 125.7, indicating a decrease from the first to the second quarter. After record values were reached in previous quarters, the decline in costs was primarily influenced by falling diesel prices.<\/li>\n<li><strong>Logistics Segment Shipping<\/strong>: The FVL sea cost index is 245.9 for the second quarter of 2023, representing a cost increase of 145.9 percent for the period from January 2019 to June 2023. For the first quarter of 2023, the index was 240.0, which indicates another increase within this year. This is mainly due to the ongoing demand for bunker fuel. A renewed increase in global sea traffic is the driver of this cost development.<\/li>\n<li><strong>Logistics Segment Rail Transport<\/strong>: The FVL rail cost index is 122.1 for the second quarter of 2023, which corresponds to a cost increase of 22.1 percent for the period from January 2019 to June 2023. For the first quarter of 2023, the index was 124.0, indicating a slight decrease in costs. However, after record values were reached in previous quarters, falling diesel prices also contributed to the cost reduction here.<\/li>\n<li><strong>Logistics Segment Terminals<\/strong>: The FVL terminal cost index is 116.2 for the second quarter of 2023, which corresponds to a total cost increase of 16.2 percent for the period from January 2019 to June 2023. For the first quarter of 2023, the index was 115.4, indicating a slight increase compared to the first quarter of 2023. This development is due to generally lower and stagnating costs between Q1 2023 and Q2 2023 in this segment.<\/li>\n<\/ul>\n<p>The complete version of the updated values for the first half of 2023, differentiated by segments and countries, can be found as an attachment to the study published in March 2023 <a href=\"https:\/\/www.pwc.at\/en\/industries\/automotive\/finished-vehicle-logistics--fvl--cost-index.html\">here<\/a>.<\/p>\n<h5><strong>About ECG<\/strong><\/h5>\n<p>ECG, the Association of European Vehicle Logistics, has been the voice of the vehicle logistics industry in Europe since 1997. ECG represents the interests of nearly 140 member companies and partners, from small and medium-sized family businesses to multinational corporations, and is the key advocate for the European vehicle logistics industry. ECG represents all modes of transport at the EU level \u2013 road, rail, sea, and inland waterway. ECG members provide transport, distribution, warehousing, preparation, and post-processing services for manufacturers, importers, car rental companies, and vehicle leasing companies throughout the EU as well as in Norway, Switzerland, the United Kingdom, Turkey, and beyond. They own or operate more than 360 car transport ships, 15,100 specially designed railway wagons, 22 inland vessels, and more than 23,000 road transporters.<\/p>\n<p>As a significant employer, finished vehicle logistics plays an important role in the economic success of the European Union. ECG members generate total revenues of around 21.3 billion euros, and the economic impact on companies associated with the sector is estimated at 56 billion euros. More than 93,000 Europeans are directly employed in the vehicle logistics industry, and another 224,000 are indirectly involved in this sector.<\/p>\n<p>Graphic: \u00a9 ECG<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cost index for automotive logistics for the first half of 2023 has been updated and published. ECG &#8211; the Association of European Vehicle Logistics and<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":0,"featured_media":7449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1557,1561],"tags":[],"class_list":["post-63018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forwarding-logistics","category-regions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Automotive Logistics Costs Increased by Around 60 Percent in 4 Years - Loginfo24<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/loginfo24.com\/en\/2023\/10\/12\/automotive-logistics-costs-increased-by-around-60-percent-in-4-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Automotive Logistics Costs Increased by Around 60 Percent in 4 Years - Loginfo24\" \/>\n<meta property=\"og:description\" content=\"The cost index for automotive logistics for the first half of 2023 has been updated and published. 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