Europe's road freight spot rates drop below contract rates

07 Feb, 2024

European road freight spot rates have fallen below contract rates for the first time in seven years. 

A recent update from the IRU, Transport Intelligence (Ti) and Upply explained that falling spot rates have been driven by declining industrial demand, while contract rate rises have been prompted by new emission tolls and general cost growth.

The update said: “Contract prices are climbing above spot rates from Germany to Paris, Birmingham, Milan, Lille, Madrid, Rotterdam and Antwerp.”

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