Caroz European Market Update: THE European Transport market outlined – September 2023

Stay informed about the rapidly changing European Road freight and multimodal market, where sustainability trends emerge and different toll rates increase throughout the whole of Europe.

Currently, the European road freight industry is showing signs of a slow recovery, and there are some uncertain factors making the market quite complicated and tough.
The slowdown which we noticed in the market earlier, is continuing towards the end of 2023. This means that the European road freight market is expected to grow by only 1.4% in real terms. The reason behind this is a decrease in people’s real incomes, tough financial conditions, and weak demand from other countries, which will have a negative impact on Europe’s economy. Both the local and international parts of the road freight market will see a decrease in their growth rate.

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