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


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

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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