header-cropped-960-v4B-2016.jpg


Institute of Transport Administration

The Old Studio,
25 Greenfield Road
Westoning, Beds MK45 5JD

t: 44 (0)1525 634940
m: 44 (0)7768 303588
e: director@iota.org.uk

 
 
 
 
 
 

News

IVA - Updated form for bus and coach applications

Removing roadworthiness prohibitions

IVA - Updated Form to apply for Individual Vehicle Approval (IVA): Lorries, Goods Vehicles and Trailers

DVSA - COVID-19: update - Vehicle Testing and Vocational Tests

LEVC VN5 electric van completes final testing: Production in Q4

View all news »

Global recovery on the line as road transport losses escalate - (IRU)

17 Jul 2020

 

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.

Passenger transport companies in Europe expect to lose EUR 81 billion this year, or 57% of their annual revenue.

Coach tourism (-82%) and intercity (-70%) services are most affected, followed by taxi companies (-60%) and urban bus services (-42%)

Companies in Bulgaria, Spain, Sweden and the UK face more than 70% decline

IRU has published a 10 point recovery plan, with financial and non-financial measures for governments and banks, to support struggling road transport operators, ease the movement of people and goods, and drive global recovery, but very little, and in some cases nothing, has happened since.

 

Source IRU- 30 JUN 2020

 

Further information:

https://www.iru.org/resources/newsroom/global-recovery-line-road-transport-losses-escalate?utm_medium=email&utm_campaign=NWL2006%20-%20Corporate%20Newsletter%20July%202020&utm_content=NWL2006%20-%20Corporate%20Newsletter%20July%202020+CID_489eb5f7e09c18d8dc4f1322b55e0f31&utm_source=Campaign%20Monitor&utm_term=Read%20more