The Ti, Upply & IRU European Road Freight Rate Development Benchmark Q3 2023

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

Q3 2023 edition now available.

KEY DATA FOR Q3 2023:

  • Q3 spot rates stand at 125.4, 1.2 points lower than Q2 2023.

  • Q3 contract rates stand at 128.1, just 0.4 points down on Q3 2022.

  • Toll price increases in Germany could increase toll costs by up to 83%, an increase which will likely be passed on to consumers.

  • New IRU forecasts shows European driver shortages are expected to worsen again, with 11% of job openings expected to remain unfilled in 2024.

  • Freight rates are expected to remain subdued with a slight seasonal uptick in Q4.

  • Looking to 2024 rates are expected to stabilize, as demand recovers and higher costs kick in.

PLEASE ENTER YOUR DETAILS BELOW TO DOWNLOAD THE FREE REPORT:

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

 

 





Q3 2023 report provides exclusive insights and analysis on:

– Weekly road freight rate development across the top 36 international European lanes

– Spot and Contract rates

– Analysis of the impact of CO2 based tolls in Germany

– The continued impact of Covid-19, driver shortages, rising fuel and energy costs, inflation, the Ukraine conflict and supply chain congestion on road freight rates in Q3 2023

– Brexit impact on UK rates

– Rate development on key high volume lanes

– Rate development on key import/export lanes

– Performance of Europe’s import and export hubs

– Economic comeback

– Significant price changes

– Lanes to watch for the future

Q3 2023 WEBINAR:

Listen to the experts discuss the Q3 2023 European Road Freight Rate Development Benchmark, including up to date European pricing trends.

In this quarter’s webinar Ti, Upply and IRU were joined by Marc Neyrand from Axxes to discuss the rising tide of toll costs in Europe, as the implementation of the new CO2 toll approaches.

WATCH Q3 WEBINAR