News / Coronavirus may have cost global haulage industry more than €550bn

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The road freight industry has lost over half a trillion euros in revenue due to the coronavirus pandemic, new research from the International Road Transport Union (IRU) has found.

“Our research points to the immediate need for measures targeted to the industry that match the scale of the current situation,” said IRU secretary general Umberto de Pretto.

“Even at the peak of the crisis, road transport remained flexible, operational and continued to play its unique role. Now, global recovery efforts are endangered without ...