
European road freight contract rates rose 0.8 points quarter on quarter to 148.9 in Q3 2026, while spot rates also gained 0.8 points to 147.6; both benchmarks remained at record levels. Higher diesel costs drove the increases even as road freight volumes between major EU economies fell 4.5% quarter on quarter.
Record freight charges can increase the cost of moving feed ingredients within Europe, while weaker trade volumes suggest demand is not the main source of upward pressure. Persistently high diesel prices are the principal cost channel supporting freight rates.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.