Due to the economic crisis, around 20,000 jobs were lost last year in the European Finished Vehicle Logistics (FVL) industry, along with 20% of capacity, and much of the industry is in need of significant financing.
Costantino Baldissara, commercial and logistics director of Grimaldi Group Naples and president for 2009-11 of the European Vehicle Logistics Association (ECG), is confident about the prospects for economic recovery, but has stated that the industry will need between €4B and €7B for new transport equipment - ships, rail wagons and trucks....
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This complete item is approximately 1200 words in length, and appeared in the January 2010 issue of WorldCargo News, on page 20.
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