News / Economic worries driving European haulage spot rates down

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European road freight spot prices have dropped below contract rates for the first time in six years – with suggestions the floor has yet to be hit.

Hauliers told The Loadstar today they were recording further drops; one UK-based operator with services in northern Europe was informed “just this morning” that a further €150 had been cut from the rate of a job.

But the IRU has warned against the decline becoming a “distraction” from addressing problems – namely mass driver shortages ...