CentralDispatch.com January Transportation Report: Vehicle Shipments Increase while Shipping Costs Continue to Decrease

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CentralDispatch® (http://www.CentralDispatch.com), the automotive industry's online transportation marketplace, today announced the results of the January 2009 transportation report. Despite continued economic slowdown, vehicle shipments are on the rise; loads posted on CentralDispatch increased by 15% between January 2008 and January 2009. At the same time, the average cost to ship a vehicle decreased by almost 9% year over year.

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With the growing popularity of online auctions, dealers are sourcing more inventory from around the nation, and using CentralDispatch makes vehicle transportation safer, faster and more cost-effective than ever

CentralDispatch® (http://www.CentralDispatch.com), the automotive industry's online transportation marketplace, today announced the results of the January 2009 transportation report. Despite continued economic slowdown, vehicle shipments are on the rise; loads posted on CentralDispatch increased by 15% between January 2008 and January 2009. At the same time, the average cost to ship a vehicle decreased by almost 9% year over year.

The average price to transport a vehicle in the U.S. decreased from $625 in January 2008 to $570 in January 2009. That was due mainly to the decrease in the price of diesel, which decreased by 32% during the same time period according to the Energy Information Administration. While the average price to ship vehicles is down in most regions, the change in volume of loads posted varies widely among regions. For example, there was a 23% increase in loads posted for shipment from Michigan to Texas and only a 9% increase in shipments posted from New York to Florida.

"With the growing popularity of online auctions, dealers are sourcing more inventory from around the nation, and using CentralDispatch makes vehicle transportation safer, faster and more cost-effective than ever," commented Joe Steinberger, vice president of product and business development. "The far reaching access to vehicles nationwide means that dealers can now find the perfect vehicle for any consumer, regardless of where that vehicle is located. Plus, the recent decrease in fuel prices certainly helps keep the overall cost down. However, it's good to keep in mind that transport prices don't have much further to fall. Other costs for carriers, particularly insurance, have also increased dramatically in recent years."

Despite the overall increase in loads from January 2008 to January 2009, the market has seen a lot of volatility since September 2008. The most recent two months, December and January, saw loads posted on CentralDispatch increase by 14%, which could be a signal that the pre-owned market is becoming more active again.

About CentralDispatch.com:
CentralDispatch.com came online in 1999 as a way for vehicle shippers to easily connect with carriers. It has since transformed the auto transport industry, taking if from relying on paper faxes and phones, to utilizing an efficient central database on the Internet. Today, thousands of dealers, transport brokers, auctions, manufacturers, rental car companies, salvage yards and others access CentralDispatch on a daily basis to move vehicles of all types. CentralDispatch has grown into the largest real-time auto transport marketplace. It enables shippers across North America to save time and money when transporting vehicles by providing access to virtually every licensed interstate car carrier in the United States, more than 5,000 carriers.

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Amanda Tossberg

Joe Steinberger
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