The contract and spot rate indices for European road freight rates converged at 132.2 in Q2 2025, a Upply-Ti-IRU study found.
The benchmark spot rate index declined by 2.2 points quarter on quarter (QoQ) and 2 points YoY, while the contract rate index inched up by 1.2 points QoQ and 0.7 point YoY.
Spot rates are now at their lowest level since Q4 2023.
The road freight sentiment index for Q2 was 8.2.