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.
The Upply x Ti x IRU European road freight rates index shows that Q1 2025 contract rates fell by 2.3 points quarter on quarter (q-o-q)
Main insights for the first half of July 2025
