News / IRU warns of haulage insolvencies and 'irrevocable damage to supply chains'

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Road freight representatives have renewed their calls for governments around the world to provide more financial support to hauliers amid warnings of widespread bankruptcies.

According to new research from the International Road Transport Union (IRU), the global road freight sector is poised to post a combined loss of $679bn this year.

This updated figure is some 18% greater than the IRU’s June forecast of $643bn.

Despite the mounting losses, the IRU said governments around the world had done little to help a sector ...