Transport industry still sees bumps in the road

  • 2010-04-22
  • By Valters Kazulis
RIGA - Latvia’s transport companies didn’t escape the global economic crisis. In fact, shipping is probably one of the first industries to be hit in a downturn, as orders get slashed and buyers pull back from the markets, leaving goods with nowhere to go.In 2009, the volume of commercial freight traffic dropped significantly in comparison to 2008. Quarterly volumes of commercial freight last year were the lowest for each quarter since same quarter data from 2005. In the third quarter of 2009, the overall volume of freight traffic was 7.6 million tons, whereas in the same...
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