The Upply x Ti x IRU European road freight rates index for Europe shows that Q1 rates fell in both the spot and contract markets. The spot rate index is down 8.2 points year on year. Meanwhile, falls in the contract rates index have slowed, down 1.0 point year on year.

The European Council has reached a final decision on the new EU CO₂ standards for heavy-duty vehicles. This concludes a legislative process that led to overly idealistic emission reduction targets. But more work lies ahead. The standards include a revision clause for 2027 and further evaluation of the role of carbon-neutral fuels in achieving net-zero emissions.

IRU laid out key actions to more efficiently and securely manage the growing volume of goods transiting through the Turkic region at the Organization of Turkic States’ conference in Geneva.

At an international event in Brazil, IRU, industry leaders and officials from Argentina, Brazil and Paraguay discussed pressing challenges undermining trade and transit.