10.11.2023
Artikel Nummer: 47263
Spot rates continue to fall
The latest Upply x Ti x IRU European road freight rates index for Europe shows that the spot rates index dropped further below the contract rates index in Q3/2023. The spot index fell for the fourth consecutive quarter, while the contract spot index climbed for the first time since Q4/2022, the International Road Transport Union (IRU) reported.
The outlook for European rates is reduced volatility as European demand stagnates at lower levels than in previous years. In the short term, cost increases and especially the toll price increases in Central Europe are likely to push rates up in Q4/2023 and Q1/2024, before demand begins to recover in H2/2024, according to the forecast. (ben)