Europe's hauliers feel the pain of weak demand and low freight rates
Weakening demand is eating into European road freight operators’ profitability this year, with contract and ...
The global road freight industry could be looking at an accumulated loss nearing $1trn as a result of the coronavirus outbreak, the International Road Transport Union (IRU) has warned.
“On the basis of the significant fall in intercontinental container shipments, IRU estimates a decline in global road transport activity of up to 20% in 2020, depending on how long the situation continues.
“This could lead to a global loss in operator revenues of $800bn,” it said in a statement, revising an earlier ...
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