Eng
According to the latest report from Transport Intelligence (TI), European road freight rates remained relatively stable in Q3 2024. However, persistent inflationary pressures and structural cost increases are expected to drive rates higher in the coming months.
Despite a gradual recovery in consumer demand across Europe, it remains below pre-pandemic levels, signalling a cautious economic outlook. Despite softer demand, increases in operational costs, such as diesel, insurance, maintenance, and tyres, have kept freight rates well above 2021 levels.
There are signs of a slowdown in new truck production capacity. The EU recorded a 7.5% decline in new truck registrations in January–September 2024, heavy truck sales dropped by 9.5%, which limits the introduction of new capacity. This reduction in freight capacity also contributes to higher freight rates.
Source: trans.info