If you're looking for a meeting place or a good stop around ½ or halfway between Castelfranco Emilia and Lugo, Italy, you can try Castenaso, Italy, which is about half an hour east of Castelfranco Emilia, or about half an hour west of Lugo, Italy.
About ⅔ or two thirds of the way, you can stop at Castel San Pietro Terme, Italy. This is almost an hour southeast of Castelfranco Emilia, or about half an hour west of Lugo, Italy.
About ¾ or three fourths of the way, you can stop at Imola, Italy. This is almost an hour southeast of Castelfranco Emilia, or about 16 minutes southwest of Lugo, Italy.
If you drive straight through without stopping at all, the total distance is 92 km. The distances shown above don't include local roads to get into each town, so if you're planning a long road trip, make sure you factor in traffic and road conditions, rest stop breaks, and interesting detours along the way. If you're in a rush, you can do the trip with zero stops, and your total travel time would be around 1 hour, 7 minutes.