RIYADH: Europe’s transportation costs are expected to jump 35 percent from mid 2020 levels, according to a leading transport firm.
This is mainly attributed to soaring oil prices, higher wages, and strict EU regulations limiting driver mobility, Bloomberg reported, citing the continent’s leading asset-based transport company Girteka Logistics Uab.
“As economies continue to open up, the inflation-heavy environment will lead to additional headaches for transport operators throughout Europe,” its marketing chief, Simonas Bartkus added.
Supply chain issues, as a result of the pandemic, have also negatively affected the industry, he added.