The Ti, Upply & IRU European Road Freight Rate Development Benchmark Q2 2024

Providing transparency on European road freight rates through their online platforms.

Q2 2024 edition now available.

KEY DATA FOR Q2 2024:

• Q2 rates fell in the contract index by 1.3 points q-o-q.
• In contrast the spot rate index rose by 3.5 points q-o-q.
• Year-on-year, the spot index is now up slightly by 0.8 points whilst the contract index is down 0.7 points. 
• According to IRU driver shortage 2024 preliminary results, 48% of European companies expect to face more difficulties to fill truck driver positions next year.
• The outlook for spot rates across Europe suggests moderate increases.
• The outlook for contract rates remains subdued.

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Ti, Upply and IRU will continue to collaborate and create quarterly updates on European Road Freight Rate Benchmarks.