The global road freight industry could be looking at an accumulated loss nearing $1trn as a result of the coronavirus outbreak, the International Road Transport Union (IRU) has warned.
“On the basis of the significant fall in intercontinental container shipments, IRU estimates a decline in global road transport activity of up to 20% in 2020, depending on how long the situation continues.
“This could lead to a global loss in operator revenues …

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Source: The Loadstar