Caroz European Market Update: THE European Transport market outlined

The transport market for road freight in Europe is expected to cool down due to geopolitical uncertainty and record-breaking inflation. Eastern European markets show better performance than Western European countries. These subjects and more will be discussed in our new European Market Update.

The geopolitical situation and related macro-economic uncertainty combined with record-breaking inflation within the European countries will continue to weaken consumer demand and have a severe influence on the transport market for road freight heading towards the first half of 2023. The market is expected to cool down with very limited numbers of growth expected for the next year. It needs to be said though, that the situation differs sharply per country and trade lane. In addition it can be concluded that in general Eastern European markets show a better performance than Western European countries. This should be heavily taken into account in market analytics as well as sourcing strategies.

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