News / European road freight starting to get back into gear as volumes increase

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The European road freight industry was thrown into near-chaos by the social lockdowns, but first-quarter road freight rates held up and new data suggests volumes have already begun to recover.

According to the latest road freight rate benchmark, published today by Transport Intelligence (Ti) and Upply, the average European road freight rate in the first quarter was €1,099, a quarter-on-quarter drop of 0.8% and just 0.2% year on year.

Although the effects of the pandemic only really began to appear in the ...