European Road Freight Rate Benchmark Q4 2023: Contract market holds up but spot market plummets
The Upply x Ti x IRU European road freight rates index shows that the Q4 spot rate index was down 14.8 points year over year. However, the quarter-over-quarter fall in the contractual rates index was limited to 0.9 points, due to high costs and, in particular, the toll increases in Q4 2023.
Global driver shortages: 2023 year in review
In 2023, IRU, backed with on-the-ground information from its members, continued to report and analyse global driver shortages: a chronic issue threatening mobility networks and supply chains. This article offers an overview of some of IRU’s efforts to analyse the situation, raise awareness and advance solutions.
European Road Freight Rate Benchmark Q2 2023: spot rates drop below contract rates for first time in 6 years
The Upply x Ti x IRU European road freight rates index for Europe shows that the Contract Rate Index is down 0.2 points quarter on quarter, although it remains up 2.8 points year on year. Meanwhile, the Spot Rate Index is down 3.5 points quarter on quarter and down 7.5 points year on year.
European road freight rates Q1 2023: contract rates start falling as spot rates continue to drop
The Upply x Ti x IRU European road freight rates index for Europe shows that both spot and contract rates are falling q-o-q, dropping by 7.5 and 2.8 points, respectively.
The stairway to success: the women leading road transport into the future
In this special series, we spotlight some of the women leaders of our industry, starting with Iro Doumani, General Manager of IRU member the Hellenic Federation of Road Transport (OFAE), and Vice President of IRU’s Goods Transport Council.
European Road Freight Rate Benchmark Q4 2022: Spot index down 2.4 points in Q4, first fall since Q1 2020
The Upply x Ti x IRU European road freight rates index for Europe shows that spot rates fell by 2.4 index points in Q4 2022 vs Q3. This represents the first fall in the spot index since Q1 2020, but spot rates still remain up 18.1 points on Q4 2021. Meanwhile, the contract rates index rose 0.4 points quarter-on-quarter in Q4 and contract rates are now up 19.0 points year-on-year.
Global driver shortages: 2022 year in review
In 2022, IRU, backed with on-the-ground information from its members, continued to report and analyse global driver shortages: a chronic issue threatening the stability and continuity of mobility and supply chains. This article offers an overview of IRU’s efforts to analyse the situation, raise awareness and advance solutions.
Figure of the month: 44%
In November’s figure of the month, we look at truck driver jobs and what’s behind “44%”. Hint: it’s related to demand.
European road freight rates soften after hitting another all-time high in Q3
Diesel prices, driver shortages and drought in Europe have all played a significant role to push average European road freight rates up again in Q3 despite lower consumer spending. However, data from the end of the quarter shows prices softening towards the end of Q3.
Benchmark of European road freight rates in Q2 2022: European road transport prices break new records
Inflation, weakening demand, social instability and the war in Ukraine are leading to tumultuous developments in road freight prices, reveals the Ti / Upply / IRU Road Freight Rate Benchmark for Q2 2022. For the first time, this edition offers a separate analysis of the evolution of spot and contract rates.
European road freight rates index up 4.3 points in Q1, hitting a new record
The Upply Ti IRU European road freight rates index for Europe hit an all-time high in Q1 2022 as rising cost pressures, supply and capacity disruptions, regulatory change and war in Ukraine created a potent mix of rate drivers. The Benchmark index rate rose by 4.3 points over the previous quarter, while it increased 7.5 points over the first quarter of 2021.
European road freight rates index up 1.1 points in Q4, hitting a new record
The European Road Freight Rate Benchmark for Q4 2021 shows that prices ended 2021 at historic highs across Europe, driven by a volatile mix of drivers over the year with supply chain congestion, supply shortages, cost increases and spiking demand from economic reopenings across the region. The potent mix of factors, which pushed the Benchmark to new record highs three times in 2021, shows few signs of unwinding in the immediate term.
European Road Freight Rate Benchmark Q3 2021: European road freight rates at record highs
The European Road Freight Rate Benchmark for Q3 shows that prices have hit historic highs across Europe, driven by a mix of robust economic growth, global supply chain bottlenecks, rising costs and scarce capacity. Ti and Upply are joined by IRU for the Q3 Benchmark for the first time.