The Covid crisis has hit forwarders specialising in European road transport, particularly those working in the automotive and construction sectors.
Previous issues such as driver shortages and Brexit pale in comparison with the lack of volumes and low pricing in the current market.
Only 32% of forwarders expect revenues to grow this year, against 67% last year, according to the European Road Transportation survey by Transporeon, of more than 1,200 freight forwarders.
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Source: The Loadstar