Haulage rates have risen steadily by around 5% over 15 months, driven by a mix of economic recovery, global supply chain bottlenecks, rising costs and scarce capacity — particularly of drivers

While supply chain disruptions have significantly diminished over the course of 2022, the reversion of the index toward a normal historical range has paused over the past three months. Our analysis attributes the recent pause largely to the pandemic in China amid an easing of «Zero COVID» policies.