Weakening demand is eating into European road freight operators’ profitability this year, with contract and spot rates declining through the first quarter.
Data from Upply x Ti x IRU’s European Road Freight Rate Development Benchmark Report indicates a quarter-on-quarter dip of 2.3 points in contract rates for the three months to April, and spot rates dropping more precipitously, falling 3.8 points quarter on quarter.
Interview with the Secretary General of the International Coordinating Council on Trans-Eurasian Transportation (CCTT) Gennady Bessonov for the ERAI portal.
Main insights for the second half of January 2025
