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.
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.
Cargo theft: IRU training programme tackles key issue facing operators
Cargo theft is a major threat to supply chains. It hits road transport – and drivers – especially hard, as goods are particularly vulnerable to theft while in transit. IRU’s transport security programme helps operators tackle security woes.
IRU launches interactive Ukraine-EU border crossing map
IRU has published a new interactive map for trucks moving between Ukraine and neighbouring EU countries.
UPS: Delivering sustainable logistics and smart recharging
We spoke with UPS about the company’s environmental vision, the importance of maintaining renewable biofuels as an option for the sector, the need for investment support in establishing reliable and smart electric recharging grids and what steps UPS is taking to reach its goal of fuelling 40% of ground operations with alternative fuels by 2025.
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.
Lawmaker: Europe needs the internal combustion engine
Rather than prescribing solutions like electrification to decarbonise road transport, policymakers should focus on creating a framework for innovation that takes a technology-neutral approach, argues MEP Barbara Thaler.
Trusting your supply chain
The IRU Innovation and Development Fund supports members in implementing new solutions for the road transport industry. TIR associations submit project concepts for consideration, outlining research and field test plans, new technology components, partnership engagement and benefits for the sector.
Erman Ereke takes over as IRU’s General Delegate in Istanbul
Erman Ereke has taken the reigns of IRU’s regional office in Istanbul, Turkey for the Black Sea region today.
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.
EU AWARD project seeks your views on autonomous logistics
With a view to developing systems for all weather autonomous real logistics operations, the EU funded Horizon 2020 AWARD project is calling on stakeholders in the industry to provide input. IRU is a member of the AWARD project consortium.
Logistics multinational Guretruck joins IRU
Guretruck SL has become IRU’s newest associate member.
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.
Fit for 55: an opportunity for the road transport industry
Last week the IRU EU Conference brought together EU decision makers, mobility and logistics leaders, and representatives from industry and non-governmental organisations to discuss key questions on the European Commission’s Fit for 55 package.
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.
Road transport industry and EU institutions join forces to integrate migrant workforce
As the European economy begins to recover from the pandemic, mobility networks and supply chains continue to face an increasingly high shortage of qualified professional drivers, which has been a long standing problem for the road transport sector.
IRU reinforces need for clean fuels to achieve climate targets
IRU’s Director of Advocacy, Matthias Maedge, spoke at an eFuels Alliance seminar on global technology neutrality perspectives this week, urging policymakers to consider a range of technologies to decarbonise the road transport sector.