Road freight rates: why are they so volatile?
Average European road freight contract rates are at an all-time high, at 129.7 index points. In the spot market, rates have hit 142.6 points.
- Rates on many European lanes are beginning to soften after this Q3 peak.
- Diesel costs usually account for one third of the total operating transport costs, but given the increase, they may now account for 50% of costs.
It’s a volatile time. This episode guests will discuss the Ti, Upply & IRU European Road Freight Rate Development Benchmark, Q3 2022. The team cover truck driver positions around Europe, Germany’s production challenges, inflation in the UK and how all these things affect rates.
Guests include:
Michael Clover, Head of Commercial Development, Ti Insight
Nathaniel Donaldson, Economic Analyst, Ti Insight
Thomas Larrieu, Chief Executive Officer, Upply
Marie-Anne Cervoni, Senior Manager, Strategy & Market Intelligence, IRU
The graphs which are referenced in the episode are available to view in the report, which you can download for free here.
Save your space on the next Ti, Upply, IRU European Road Freight Rate
Development Benchmark , Q4 2022 Webinar which takes place on 8 February 02.00 PM, London.
Links and more about the panel
- Free report with graphs available to download: Ti, Upply & IRU European Road Freight Rate Development Benchmark, Q3 2022
- For independent reports, research and analysis from the team at Ti Insights visit www.ti-insight.com or go straight to Ti Insight's data platform GSCI.
- Discover the freight rates benchmark and index solution on upply.com
- IRU is the world road transport organisation, helping connect societies with safe, efficient and green mobility and logistics. As the voice of more than 3.5 million companies operating road and multimodal transport services in all global regions, IRU helps keep the world in motion. iru.org
- Logistics Briefing regular newsletter
