While the Romanian freight transport market is expected to maintain its upward trajectory, DSV Road forecasts a more moderate pace of growth compared to previous years. This tempered optimism is attributed to the prevailing economic instability and geopolitical unrest, which have introduced complexities into the transportation landscape.
“We see in 2024 a challenging year for the freight transport market, given several disturbances at the national level, such as the transporters’ protests, but also at the international level, where tensions are taking place. Both the war in Ukraine and the war between Israel and Hamas are affecting logistics and transport chains. Operating in a global market, we are connected to everything that happens at the European and global levels. The fact that Germany, the largest European market, narrowly „missed” entering a technical recession says enough about the situation of the EU market. Even so, we remain optimistic but reserved regarding the increased development of the transport sector in 2024”, says Sergiu Iordache, Managing Director of DSV Road.
In response to evolving challenges, companies are increasingly looking for efficient and cost-effective transport solutions. DSV Road expects to see an increase in interest in groupage transport, which offers significant cost savings of up to 80%, as well as a growing preference for intermodal transport options.
Key trends predicted for the Romanian transport industry in 2024 include the increasing prominence of electric trucks on local roads, driven by a collective push towards greener transport practices. This transition to electric vehicles is expected to bring environmental benefits, including reduced emissions and long-term cost savings.
Groupage transport is anticipated to remain a cornerstone of the market, buoyed by its flexibility and cost-effectiveness, particularly in the context of expanding e-commerce activities. DSV Road, with groupage transport comprising 60% of its total business, underscores the enduring relevance of this transport model in meeting evolving market demands.
Moreover, the company anticipates a continued uptick in export activity, supported by infrastructure development and enhanced product quality. This growth in export activity is viewed as pivotal for Romania’s economic development, fostering financial consolidation and expanding market reach.
Intermodal transport, combining multiple modes such as rail and road, is also expected to witness rapid growth, driven by its cost efficiencies and environmental benefits. DSV Road ranks intermodal transport as the second most requested service, reflecting the increasing adoption of sustainable transport solutions.
As part of its commitment to sustainability, DSV Road has introduced initiatives such as the CO2 reporting tool to monitor carbon emissions. The company is actively involved in the DSV Group’s ambitious sustainability programme, which aims to invest around DKK 1 billion (more than €134 million) in green projects and innovation over the next five years.