Source: https://www.railfreight.com/business/2024/02/16/combined-transport-sector-records-five-consecutive-quarters-of-losses/

Author: Nikos Papatolios

Combined transport sector records five consecutive quarters of losses

Combined transport’s performance has been a tale of “a concurrent series of crises,” says industry association UIRR. The sector experienced losses for a fifth consecutive business quarter. Performance during Q4 2023 shrank by 11,1 per cent compared to the same period in 2022. At the same time, the business sentiment among professionals remained ‘slightly negative’, with expectations for 2024 not being high.