![]() ![]() The European long haul transport market is segmented by destination (domestic and cross-border), end user, and country (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe). Long-haul drivers are often away from home for days or weeks at a time. Long-haul trucking (sometimes called 'over-the-road' trucking) involves long-distance cargo movements by trucks, usually using tractor-trailer combinations. ![]() ![]() In January 2021, European digital road freight forwarder, Sennder, claimed that it raised USD 160 million from investors in its latest funding round, with some of the additional funding to be used to drive expansion into new European markets with a focus on strategic partnerships, such as its JV with Poste Italiane.Įurope Long Haul Transport Industry Segmentation The COVID-19 pandemic has demonstrated the importance of a digitalized logistics industry. This is likely to save between 5% and 10% in fuel consumption, depending on the vehicle and its drive cycle. In long-haul transportation, it is estimated that the hybrid powertrain may allow the combustion engine to be shut off for up to 30% of driving time. Border controls designed to cut passenger transport had an adverse effect on road freight operations throughout the continent. Meanwhile, haulers were fast to cut capacity from the market, which caused particular shocks on lanes open to cross-trade. Chemical and pharmaceutical products saw sustained higher demand levels throughout the crisis, but the fashion retail and industrial sectors suffered. There were violent jumps in demand for grocery-related transport early on due to panic-buying, which later subsided. Production in the automotive sector largely came to a standstill in mid-March 2020, eradicating significant road freight volumes related to the sector. As a result of COVID-19, most demands eroded, but there were sector-by-sector variations. Although rates were stable through Q1 2020, price levels declined sharply from April, as COVID-19 lockdowns dragged down demand and available capacity increased significantly. The rates were up by 3% compared to May 2020. Europe Long Haul Transport Market Analysisĭue to COVID-19, road freight rates in June 2020 were down by 14.3% Y-o-Y. ![]()
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