European road freight rates caught between rising costs and weak demand
Spot rates on European road freight routes may finally be reaching their nadir, after having ...
© Jakub Gojda
By Alex Lennane
The Covid crisis has hit forwarders specialising in European road transport, particularly those working in the automotive and construction sectors.
Previous issues such as driver shortages and Brexit pale in comparison with the lack of volumes and low pricing in the current market.
Only 32% of forwarders expect revenues to grow this year, against 67% last year, according to the European Road Transportation survey by Transporeon, of more than 1,200 freight forwarders.
Some 38% expect a decline in turnover, against 10% last year, ...
Comment on this article
Goanna Lew
July 17, 2020 at 10:05 amCovid-19 has completely changed our lives. We are living in fears nowadays. New normal is still not normal for us. Obviously the fear of infection is influencing the people so much that they are not ready to take their jobs. Staying homes, and safer at home is now what they are choosing.