02.05.2022
Artikel Nummer: 40637
European road freight in all-time high
The Upply Ti IRU European road freight rates index (Erfri) for Europe hit an all-time high in Q1/2022. The benchmark index rate stood at 110.9, which is 4.3 points over the previous quarter and 7.5 points over Q1/2021.
The Q1/2022 Erfri is the seventh consecutive quarter of rate increases across Europe, the International Road Transport Union (IRU) said. Rising fuel costs, up around 52.7% y-o-y on average in European markets, and the ongoing driver shortage have helped push up road freight costs and rates across Europe.
New data from IRU shows driver shortages across Europe in 2021 reaching up to 425,000 unfilled positions; made worse by the war in Ukraine. Freight rates are expected to remain high through 2022. (ben)