The road freight market in Europe was “subdued” from November 2012 to January 2013, according to the Freightex European Road Freight Rate Index compiled by Transport Intelligence.
The market experienced “short bursts of volatility” during that period, driven primarily by the European recession. The index, which identifies price fluctuations, rose from a low of 113.0 points in November to a high of 117.8 on Jan. 1. Through January, however, the index saw declines. Comparatively, the index rose 8 points over the same three-month period in the previous year.
Overall, prices are about the same as last year, although this year’s high of 117.8 was an increase from last year’s 116 points. Conversely, 2012’s rise in rates during the Christmas season was “much less dramatic than normal.”