Sign in
Stories
Europe's Road Freight Spot Rates Drop
Share
2024 Logistics: Sustainability and Innov...
Air Cargo Forwarders Prepare for Capacit...
Aviation Industry Challenges Amidst Loss...
2024 Supply Chain Trends: Resilience and...
A Look Ahead: Top 3 2024 Predictions for...
Air Cargo Capacity Control: Q4 Focus
Overview
API
European road freight spot rates have dipped below contract rates for the first time in seven years, influenced by declining industrial demand and new emission tolls. The fall in spot rates is attributed to reduced European demand, with industry analysts noting a shift in consumption levels and production adjustments. The increased costs of truck ownership and operation, including labor, maintenance, and insurance, are contributing to the rise in contract rates, impacting carrier margins.
Ask a question
How could the shift in consumption levels and production adjustments affect the broader economy in Europe?
How might the drop in spot rates impact the overall road freight market in Europe?
What strategies can companies in the road freight industry adopt to mitigate the effects of declining demand and rising costs?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Nov 2023
Dec 2023
Jan 2024
Coverage