Year 348 BC was a year of the pre-Julian Roman calendar. At the time it was known as the Year of the Consulship of Corvus and Laenas (or, less frequently, year 406 Ab urbe condita). The denomination 348 BC for this year has been used since the early medieval period, when the Anno Dominicalendar era became the prevalent method in Europe for naming years.
The city of Eretria on the island of Euboea successfully rebels against the rule of Athens and Euboea is declared independent. The Athenian statesman and general, Phocion's tactical skills save an Athenian force sent to fight the supporters of Philip II on Euboea.
Rome and Carthage make a trade agreement under which Carthage will not attack those Latin states which are faithful to Rome. This agreement demonstrates that Rome is now the dominant power in the Latin League.