News / European road freight rates caught between rising costs and weak demand

Spot rates on European road freight routes may finally be reaching their nadir, after having dropped against the market in contract rates.

Over 2024’s final three months to December, spot rates remained relatively stable, following a three-year period of collapse from their Covid-induced high, according to the latest European Road Freight Rate Benchmark, provided through a collaborative Upply x Ti x IRU effort.

Based on Upply’s analysis of over 750m prices, Q4 spots hit 123.9 points, ...