1、Kearneys perspective on logistics in EuropeMarket analysisQ4 2025 data,with outlook toward Q1 26Kearney XX/ID2In Q4 2025,Europes logistics markets sawmodest gains inroad transport(a few pockets),in air freight,while ocean freight continued to face challenges.SummaryRoad freight(Spot rate index)Ocean

2、 freight1(US$per FEU)Air freight1(US$per kg,all-in)2,4851,9511,969-21%3.371.982.16-36%Q4 2025 The European road freight industry is experiencing a tentative recovery,with modest regional growth in volumes.However,demand remains fragile due to subdued retail activity and industrial output.Ongoing dri

3、ver shortages,rising toll costs,and stricter EU environmental regulations continue to weigh on operating margins.Ocean freight rates saw a modest rise in Q4 25,yet they remain considerably low compared to the previous year.While European import demand remains below pre-pandemic levels,constrained ve

4、ssel availability and port congestion have driven temporary pricing power for carriers.Air freight demand across Europe showed slight improvement in Q4 2025,driven by end-of-year e-commerce peaks and rising transatlantic volumes.Capacity remained tight due to lower bellyhold availability in winter s

5、chedules and cautious freighter deployment.120124122+1.4%Dec24Nov25Dec251 Simple average of ocean and air freight across key EU corridorsSources:Drewry,Upply;Kearney analysisKearney XX/ID3What shippers should do now Focus first on critical products and routesdo not manage all shipments the same way.

6、Secure reliable access to transport where business impact is high,not just the lowest rate.Lock in prices selectively where budget stability matters;stay flexible elsewhere.Align procurement,planning,and operations around reliability and responsiveness,not just cost savings.What the market is tellin