The costs of road carriers may rise by 8-10 percent this year

By: Trademagazin Date: 2023. 02. 27. 10:46

After the record rise in 2022, the Road Transport Price Index (KFX), which shows the costs of Hungarian road carriers, may increase by 8.2-9.6 percent below inflation in 2023, but the question is how much of this the companies will be able to pass on this year – said Lajkó Ferenc, the president of the logistics department of the Hungarian Economic Society (MKT) on Monday, at the economic society’s online professional event.

The KFX index of the consulting company DigiLog Consulting shows the price effects of road transport based on the data of thousands of trucks of the 20 largest Hungarian carriers, in two separate categories, domestically and internationally.
According to Ferenc Lajkó, 70 percent of domestic goods transport is road freight. In Hungary, 13,000 companies deal with road freight transport, and their fleet consists of 90,000 vehicles. They employ 3.3 percent of Hungarian employees and are significant export providers.

Last year, the costs of companies participating in the international transport of goods rose by 25.1 percent, and those of companies with domestic clients by 34.9 percent, said Ferenc Lajkó, noting that such a cost increase, exceeding inflation, had not been seen since the regime change.