European Road Freight Rate Development Benchmark Q1 2021
Ti and Upply’s collaboration to provide transparency on European road freight rates through their online platforms.
Q1 2021 edition now available to download.
1. Rising demand from other regions is benefitting intra-European manufacturing supply chains, providing some impetus for demand.
2. Increasing diesel prices and European driver shortages could become more influential in rate dynamics in the months ahead.
3. With cross channel freight rates up by 1.3% quarter-on-quarter in Q1-2021, or 5.0% year-on-year, pressure is likely to continue upwards in the months to come.
4. Rates from Duisburg-Prague (€1.42/km) jumped 9.8% y-o-y or 8.0% q-o-q. This is the first time quarterly rates on this lane have exceeded €1,000.
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The European Road Freight Rate Benchmark report provides exclusive insights and analysis on:
Ti and Upply will continue to collaborate and create quarterly updates on European Road Freight Rate Benchmarks.