Road freight rates hit record high with further spikes likely


 

Freight rates are expected to remain high for most of this year due to a potent mixture of reduced cross channel capacity, business uncertainty, soaring fuel prices and the war in Ukraine, according to analysts. Data from Transport Intelligence, Upply and the IRU showed that the road freight rates index for Europe hit an all-time high in Q1 2022, thanks to rising cost pressures, supply and capacity disruptions, regulatory change and Russia’s invasion of Ukraine. The group said there appeared […]