Inflation, weakening demand, social instability and the war in Ukraine are leading to tumultuous developments in road freight prices, reveals the Ti / Upply / IRU Road Freight Rate Benchmark for Q2 2022. For the first time, this edition offers a separate analysis of the evolution of spot and contract rates. • The European contract road freight rate index reaches an all-time high of 121 points in Q2 2022, up 6.1 points quarter-on-quarter and 13.1 points year-on-year. • The European spot road freight rate index also reached a record high of 134 points, up 11.8 points from Q1 2022 and 20.1 points from Q2 2021. • Inflation is rising in all European countries and reached a record high of 8.6% in the Eurozone in June, weighing on costs and demand. • While diesel prices have varied by country since prices have remained elevated in July and are 69% above the January level. (....)