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Jun 30 2020

Global recovery on the line as road transport losses escalate

Road freight transport losses globally in 2020 will exceed € 550 billion, down 18%.

Passenger transport impact three times greater; in Europe alone losses will exceed € 80 billion, down 57%.

New IRU research shows that more than 3.5 million road transport operators globally are facing unprecedented financial losses this year, as a result of transport restrictions and the overall economic downturn caused by the pandemic.

Goods transport companies globally expect an average 18% decline in turnover in 2020, totalling EUR 551 billion.

 

The sector is significantly impacted in the Middle East and North Africa (-22%) and Asia (-21%); in Europe it is down EUR 64 billion (-17%)
Companies in Argentina, China and Iran face more than 30% decline. Read more

 

Source: IRU