ECG — 2024-04-09
News from ECG
The Finished Vehicle Logistics (FVL) Cost Index for Q4 2023 stands at 161.7 which indicates an overall cost increase of 61.7% from January 2019 to December 2023. For Q2 2023 the index stood at 158.7, hence, the index increased by 3.0 index-points since the last index update. For the four segments the following results were derived:
The full version of the updated figures for Q3 2023 and Q4 2023 differentiated by segments and countries is available as an appendix to the study released in March 2023 here
Further updates of the index will be provided bi-annually. Should you have any questions on the FVL Cost Index or would like to be involved in the process of future index updates, please feel free to contact PwC Austria or the ECG secretariat.
Note to editors:
ECG is the established European platform for the outbound automotive logistics sector bringing together logistics service providers, manufacturer logistics managers and suppliers to the sector. ECG aims to facilitate non-commercial collaboration between member companies and assist them in sharing best practices in many operational areas, especially the harmonisation of operational standards.
For more information, please contact:
Mike Sturgeon
Executive Director
ECG – The Association of European Vehicle Logistics
+32 2 706 82 80
About ECG
ECG, the Association of European Vehicle Logistics, has been the voice of the Finished Vehicle Logistics industry in Europe since 1997. ECG represents the interests of more than 140 member companies and partners, from family owned SMEs to multi-nationals, and is the major champion of the European vehicle logistics sector. ECG represents all transport modes at EU level – road, rail, maritime and fluvial. ECG members provide transport, distribution, storage, preparation and post-production services to manufacturers, importers, car rental companies and vehicle leasing operators in the 27 Member States of the European Union as well as Norway, Switzerland, Turkey, the United Kingdom and beyond. They own or operate more than 360 car-carrying ships, 15,100 purpose-built railway wagons, 22 river barges and around 23,000 road transporters. As a major employer, the finished vehicle logistics sector plays an important role in contributing to the economic success of the European Union. Today, ECG members have an aggregate turnover of €21.3bn and their economic impact on companies associated with the sector is estimated at €56bn. More than 93,000 Europeans are employed directly by our members and an additional 224,000 are indirectly employed in the sector.
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