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Stock impact report

Europe Road Freight Transport Market Projected to Reach USD 584 Billion by 2029 [Yahoo! Finance]

XPO, Inc. (XPO) 
Last xpo, inc. earnings: 2/10 04:15 pm Check Earnings Report
US:NYSE Investor Relations: xpo.com/investors
Company Research Source: Yahoo! Finance
The European Road Freight Transport sector is exhibiting a robust growth trajectory, with forecasts indicating an ascent to USD 584.34 billion by the year 2029, burgeoned by a compounded annual growth rate of 3.30% from 2024 to 2029. This expansion is attributed to various factors, including the increasing efficiency of long haul operations, a surge in solid goods transportation, and a significant contribution from the manufacturing sector. Driving Factors in the Market Long distance transport, particularly long haul, remains the predominant segment, with European nations' close-knit geographical links facilitating expansive trade networks. Solid goods transportation holds sway over liquid goods, reflecting the extensive spectrum of solid merchandise moving through the continent, integral to value-added market outputs. The manufacturing sector emerges as the principal end-user, underscoring the sector's critical role in the European economic infrastructure, with more than 2 milli Show less Read more
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