Stagnant transport demand in road freight leads to increased available capacity in Europe
The European road freight capacity index increased by 8.8% in October 2023 compared to October 2022, according to the latest data by Transporeon.
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The European road freight capacity index increased by 8.8% in October 2023 compared to October 2022, according to the latest data by Transporeon.
The European road freight capacity index increased by 20.0% in August 2023 compared to August 2022, according to the latest data by Transporeon.
Girteka Group Expands Outside EU to Tackle Driver Shortage
Freight forwarders find decarbonizing road transportation a complex task to achieve. It is not enough to introduce alternative fuels; companies need to cooperate and share their knowledge and best practices. To overcome this issue, many forwarders have either introduced electric vehicles or have partnered with companies that provide sustainable logistics.
In a climate with increasing competition between carriers and challenges to recruit and retain drivers, investments in technology solutions that make the trucking job easier will continue to offer a competitive advantage for carriers and boost productivity and drivers’ efficiency.
Freightos, an online freight booking platform company, decreases its growth forecasts as cargo volumes and freight rates decreased.
The spectrum of forwarding-enabling software vendors has therefore widened considerably in recent years, focusing on providing forwarders with a customized digital experience for their customers. There are many start-ups globally to compete with Freightify including Azyra, ItsMyCargo, Logixboard, Descartes Kontainers among others.