Work in Eastern Europe could protect hauliers from economic downturn
Date: 15 May 2008
Logistics companies undertaking haulage work in central and Eastern European countries will be protected from the downturn in the global economy, according to a new report.
Transport Intelligence claims that a transport company which plans to work in these developing markets will be able to negate the impact of high fuel prices and economic slowdown, reports RoadTransport.com.
In its study, the groups notes that Slovakia will be the nation which experiences the most growth, reaching 26 per cent, compared to an annual Europe-wide rate of 6.6 per cent.
The international road freight market is predicted to grow by 9.8 per cent per annum over the next five years, "significantly" outstripping the UK market.
Speaking about the report, analyst John Manners-Bell told the news provider: "The European road freight market is becoming ever more challenging for all operators struggling to pass on cost increases to their customers. However, the major European players, especially those with strength in fast-growing central and Eastern Europe, are at a distinct advantage."
Meanwhile, in related news, Stobart a large transport company, has stated that despite a UK recession demand for haulage remains strong.
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