The IRU x Upply x Ti report on European road freight rates in Q1 2026 reveals a divergence between contract and spot markets. Contract rates reached 140.1 index points, a solid 3.2-point increase quarter on quarter (q-o-q) and an 8.9-point increase year on year (y-o-y). Meanwhile, spot rates edged down slightly to 132.3 index points, falling by 2.8 points q-o-q and ending the period 2.0 points lower y-o-y.
