trucks at border © Balazs Czitrovszky
Lorries wait at the Hungarian border ©Balazs Czitrovszky

Trucking companies are facing rising costs as EU member states impose new border controls because refugees continue to enter. Border controls now mean waiting times of about four hours, slowing supply chains and reducing trucking capacity. Bertelsmann Foundation research points to a loss of €470bn in GDP from the EU economy over the next 10 years if there is a permanent return to border controls. As Bloomberg points out, that’s the equivalent of losing a company almost the size of BMW every year for a decade.

Comment on this article

You must be logged in to post a comment.