The IRU x Ti x Upply Q4 2025 European road freight rates index shows divergence between contract and spot markets. Contract rates climbed to 136.9, a solid 2.6-point increase quarter on quarter, and a 3.1-point rise year on year. Meanwhile, spot rates reached 135.1, advancing modestly by 0.3 points from the previous quarter, but declining 3.3 points compared to the same period last year.