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Freight rates on European roads rose in October and passed pre-crisis levels, according to new data from Transporeon, indicating an economic recovery might be under way.
The company’s transport market monitor showed the European road freight spot rates price index in October was 1.2% higher than October 2019.
It was also 3.6% higher than in September this year.
However, Transporeon executives noted that part of the reason for the price rise was due to capacity continuing to be curtailed.
“We are seeing the first ...
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