News / Covid-19 could shrink Europe's road freight market by 20% this year

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The European road freight market could shrink by almost 20% this year, due to the coronavirus pandemic.

In new research from Transport Intelligence (Ti), published today, Ti’s original forecast of 2.1% growth in Europe’s road freight has had to be radically revised with the outbreak of Covid-19 and the subsequent social lockdown.

It says the best Europe’s road freight operators could hope for now would be a 4.8% contraction, and in the worst case it could be a 17% contraction, which it ...