This website uses cookies and similar technologies (hereafter “technologies”) to enhance your browsing experience, analyze website performance, and support our marketing efforts. Some of these technologies involve data transfers to third-party providers located in countries without an adequate level of data protection (e.g., the United States). We use two types of cookies: Essential Cookies: These are necessary for the proper functioning of the website and cannot be disabled. Non-Essential Cookies: These include analytics and marketing cookies, which are used to understand your preferences, improve the website, and deliver personalized advertisements. These cookies are activated only after you provide your explicit consent. Analytical Cookies: These cookies help us understand how visitors interact with our website by collecting and reporting information anonymously. They allow us to improve the functionality and user experience based on site usage patterns. Marketing Cookies: These cookies are used to track your browsing habits across websites, enabling us to deliver personalized ads that are more relevant to you. These cookies are only activated with your consent. You can manage your preferences or revoke your consent at any time through the Consent Settings panel. For detailed information, including how your data is processed by third-party providers and the associated risks, please refer to our Privacy Notice. By clicking "Accept All," you consent to the use of all cookies. Alternatively, you may click "Customize" to select specific cookie categories or "Reject Non-Essential" to disable all but the essential cookies.

EU transport business closures hit ten-year high

19.02.2025

The global logistics industry will be experiencing diverging trends in 2025, according to a new paper by Transport Intelligence. The European road freight sector will be particularly stressed.

The European road freight sector is struggling under the weight of economic stagnation, rising costs, and declining demand. According to Ti’s analysis, the number of EU transport businesses ceasing operations has risen to a ten-year high. With GDP stagnating and interest rates remaining elevated, conditions for freight operators have worsened. European road freight rates have fallen since late 2022 due to overcapacity and weak demand, further squeezing margins.

In contrast to the difficulties faced by the road freight sector, the global shipping industry has enjoyed strong demand in recent years. The report attributes this to disruptions in the Red Sea and Suez Canal caused by Houthi attacks, which forced vessels to reroute via the Cape of Good Hope. This extended transit times and effectively reduced global fleet capacity, leading to elevated freight rates.

Source: trans.info