New report finds Euro road freight still below 2008 peak

The European road freight sector saw growth of 3.6% in 2010 and, according to the latest forecasts by Transport Intelligence, will expand at the same rate in 2011. However, despite the two year’s consistent growth, this will still leave the market more than 10% lower than at its peak in 2008, prior to the economic slowdown.

The figures are contained in Ti’s latest report, European Road Transport and Logistics 2011, which includes analysis, market sizing and profiles of all the main European markets.

Europe’s road freight market has suffered a slow recovery, held back by troubled southern economies; including Greece, Spain and Portugal. However, Germany saw higher than average growth driven by strong domestic demand, as well as a rebound in manufacturing and exports – although largely from outside Europe. The other major economies saw much more muted growth.

Growing in the high single digits, the international road freight sector performed much better than its domestic counterpart, and this trend is likely to be repeated in 2011. Central and Eastern European countries, in particular the Baltic States, saw healthy growth as supply chains continued to develop on a European region-wide basis. The market was driven not least by a high level of trade with thriving Russia and Sweden.

Commenting on the state of the industry, John Manners-Bell, Ti’s Chief Analyst, said, "Despite the fiscal and political turmoil over the last year which has led to such widespread economic gloom, there is still optimism in the road freight market, especially the international sector. The ‚real‘ economy is proving to be more robust than financial markets as shown by low, but solid growth. However it will take until 2014 to regain ground lost during the last recession."

About European Road Transport and Logistics 2011

Ti’s latest report contains analysis of the European road freight sector, analyzing the link between economic growth and industry output. It also looks at the development of the main costs which impact upon operators. The report includes comprehensive market sizing and forecasts as well as a compendium of official statistics and maps.

Quelle: eyefortransport
Portal: www.logistik-express.com