engleski

Road freight market in the European union with special emphasis on the COVID-19 pandemic

Modern society could be difficult to imagine without a proper transportation industry. The development of economy worldwide depends on the efficiency of freight operators, mostly road transport companies. In the European Union, road freight transport is also dominant in the transport of goods, and its importance has been highlighted in these pandemic times in particular. Transportation activities cannot simply stop because of the pandemic. Many essential products need to be delivered, especially pharmaceuticals, food and sanitary products. On the road freight transport market in the European Union there are many small firms that are currently forced to follow the changes more than ever due to the pandemic in order to react to them and ensure the survival on the market. While this market has been recording slight fall in demand in 2020, considering the entire EU, the situation is quite the opposite when observing the national markets. Certain markets have been facing considerable fall in demand and some have recoded a positive impact on demand. Some firms will have no choice but to close, and some will try to find a lifeline through consolidation, mergers and acquisition and/or implementation of innovations.

road freight market ; European Union ; COVID-19 pandemic

nije evidentirano