News / European haulage spot rates take another dive, but contract prices hold

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European haulage contract rates recorded their first climb since Q4 22 in the three months to September – but on the spot market, the situation remains gloomy.

Recording a 1.2-point drop, spot rates notched up a fourth consecutive quarter of declines on the Upply x Ti x IRU index, to leave them 14.8 points down year on year, and closer to their 2017 base level than the current average contract rate.

Describing the situation as “appalling”, ...