The Upply x Ti x IRU European road freight rates index for Europe shows that Q1 rates fell in both the spot and contract markets. The spot rate index is down 8.2 points year on year. Meanwhile, falls in the contract rates index have slowed, down 1.0 point year on year.The contract index fell to 127.6 index points in Q1 2024, dropping 2.6 points quarter on quarter (Q-o-Q). The spot index fell to 123.9 points after a more modest 1.1 point fall Q-o-Q.
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