COVID-19 Impacts on the Road Transport Industry

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558 article IRU CG

The road transport industry is one of the sectors most impacted by COVID-19. This is caused by transport and movement restrictions put in place by countries to manage the pandemic, resulting disruptions to supply chains and mobility networks and the overall economic slowdown.

This has seriously affected transport operator finances, including revenue and cash flow, moving many companies closer to bankruptcy.  With road transport a fundamental driver of economic and social activity, the recovery from COVID-19 in countries all over the world is at risk.

• Goods transport losses globally are expected to exceed EUR 550 billion, with annual turnover down 18%

• Passenger transport losses in Europe are expected to exceed EUR 80 billion, with annual revenue down 57%

This executive summary presents a snapshot of a detailed report assessing the impact on passenger and freight transport companies from 77 countries across six continents, as well as restrictions and facilitation measures. It combines an in-depth survey of IRU

Read the full article at www.iru.org

 

 

The magazine SEA has been published since 1935
International business magazine JŪRA MOPE SEA has been published since 1999
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The magazine JŪRA has been published since 1935.
International business magazine JŪRA MOPE SEA has been
published since 1999.

ISSN 1392-7825

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