05/04/2021 15:39
The turnover of local freight companies increased by 47pct in 2019 compared to 2015 and by 163pct compared to 2010, to 66.4 billion lei, but for 2020, KeysFin analysts estimate a decline of about 2pct, to near the level of 65 billion lei, according to a company release.
The estimate is based on the change in consumption behaviour (food retail to the detriment of durable goods) generated by the COVID-19 pandemic. Romania is a strategic hub for freight transport in the region, but our competitive advantages were not maximized in the year of the pandemic. Even if there are companies growing in this market, the decline in industry shows the lack of a clear strategy to capitalize on the position of our country, as well as our internal human resources. Also, unfortunately, poor infrastructure is limiting freight business. For 2021, we believe the situation will only improve if the lost business is replaced by new sources of income, such as transport from pharma