The Ti, Upply & IRU European Road Freight Rate Development Benchmark Q2 2022

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

Q2 2022 edition now available.


KEY DATA FOR Q2 2022:

1. Q2 2022 European Road Freight Rate benchmark index rises by 6.1 points, reaching an all-time high of 121 points.

2. Demand for freight is weakening, driven by inflation and dampened consumer and business demand.

3. EU-wide weighted average cost of diesel up 62% vs January levels.

4. Driver shortages continue to impact rate development with Germany facing a 50,000-80,000 truck driver deficit.


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Ti, Upply and IRU will continue to collaborate and create quarterly updates on European Road Freight Rate Benchmarks.