European road freight rates and spot rates continue to drop as freight demand “stagnates”

The latest report from Ti, IRU and Upply on road freight prices has revealed that both spot and contract rates are falling quarter on quarter, dropping by 7.5 and 2.8 points, respectively. The report is predicting that with volumes slackening and available capacity improving, the downward trend in rates looks set to continue in 2023. […]