Spot rates have fallen for the first time since Q1 2020 following low peak season demand, inflation, decreased consumer confidence and high inventory levels. Contract rates rise again but the fall in spot rates, coupled with clear indicators of lower demand, suggest contract prices will eventually begin to fall too. Any impact on rates from falling demand will however be moderated by supply side cost pressures.
Use the Q4 2022 European Road Freight Rate Development Benchmark report to track volatile pricing and plan for future price changes as the market softens.
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