10.02.2023
Artikel Nummer: 43852
Spot rates fall first time since Q1/2020
The road freight rates Benchmark index for Europe shows that spot rates fell by 2.4 index points in Q4/2022 vs Q3. This represents the first fall in the spot index since Q1/2020, but spot rates still remain up 18.1 points on Q4/2021.
The drop in European spot rates results from low peak season demand due to inflation, pushing consumer confidence down to record low levels while European inventory levels remain high, according the Upply x Ti x IRU Road Freight Benchmark Index.
The fall in the index and clear indicators of lower demand for road haulage services in the short term, suggest that contract prices will eventually begin to fall too. (ben)