Transport and storage performance research is in principle very challenging, current, significant and complex. Based on that, this paper makes a comparative evaluation of the performance of transport and storage in the European Union and Serbia. The obtained empirical results show that, according to the SF-WASPAS method, out of the five observed countries of the European Union (Germany, France, Italy, Croatia and Slovenia) and Serbia, Germany ranks first in terms of transport and storage performance. Followed by: Italy, Slovenia, Croatia, France and Serbia. Serbia has the worst performance of transport and storage. According to the classic WASPAS method, the top five countries of the European Union in terms of transport and storage performance are, in order: Germany, France, Spain, Italy and Poland. Luxembourg has the worst performance in transport and storage. The performance of transport and storage in Croatia is better than in Slovenia. In Serbia, the performance of transport and storage is poor. By comparison, they are worse than in Croatia and Slovenia. The performance factors of transport and storage are: economic and political climate, economic activity, company size, number of employees, turnover, added value, personal costs, the Covid-19 pandemic and the energy crisis. Effective control of critical factors can significantly influence the achievement of the target performance of transport and storage. Digitization of the entire transport and storage business plays a significant role in this.