News / Rising costs and falling demand driving Europe's hauliers out of business

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A “grim” industrial outlook has softened spot rates for European road freight – however, increased overheads means contract rates remain high, according to Transport Intelligence (Ti), the IRU and Upply’sQ3 European road freight rates index.

In a joint report, they found European road freight and spot rates had softened in Q3, due to lower consumer demand.

“Production across the eurozone is facing headwinds, with persistent declines in manufacturing activity,” it says.

The region’s purchasing managers’ index (PMI) dropped to 45 in September – ...