Changes in road transport costs over one year:

• The cost of diesel fuel has fallen significantly, by 9.5% for road freight transport and 10% for rail freight transport.
• Other cost items rose by +2.8% for TRM (on average across the various activities studied) and +3.4% for school TRV, driven in particular by salary costs and vehicle financing.

By triggering a tariff war with historic increases, the United States is upsetting the global economic balance:

• Global growth slows significantly, it should not exceed +3.0% year-on-year. The end of inflation will not have had time to bear fruit. The global economy is experiencing multiple disruptions that make the short-term trend uncertain.
• Economic activity in France will not benefit from any rebound in 2025, and its annual growth is expected to be +0.8% %.