Record rates mask ‘dire situation’ for hauliers as costs outstrip earnings

AI Summary

European road freight rates have reached record levels, but hauliers remain under pressure as rising fuel costs outpace earnings. Industry groups say operators are struggling to pass those cost increases on to shippers, squeezing margins across the road freight sector.

Record European road freight rates are masking a “dire situation” for hauliers, with soaring fuel costs eroding margins and operators struggling to pass increases on to shippers, according to industry bodies. The post Record rates mask ‘dire situation’ for hauliers as costs outstrip earnings appeared first on The Loadstar.