04.02.2022
Artikel Nummer: 39463
Freight rates: price hike expected to continue
The European road freight rate benchmark for Q4/2021 shows that prices ended 2021 at historic highs in Europe. The index stood at 108.3, 1.1 points higher than in Q3/2021 and 3.2 points higher than in Q4/2020. Q4/2021 is the 6th consecutive quarter of rate increases in Europe.
Rising fuel costs, up around 25% y-o-y in some major European markets, and the ongoing driver shortage have helped push up road freight costs and rates in Europe.
According to the International Road Transport Union (IRU), freight rates are expected to remain high in Q1/2022 as demand stays strong, costs high and capacity constrained. (ben)