Brexit Impacts Seen On Continental Freight Traffic
18 Jul 2019
Brexit Stockpiling Boom Ends for Continental Freight
In the run up to the Brexit deadlines of March and April 2019, there was a major rise in stockpiling by UK businesses as a precaution against potential trade disruption. The shifting of the Brexit deadline date to October 2019, combined with the cash flow implications of paying for accumulated stocks, has led to significant de-stocking by companies over April to June 2019.
As a result, IRN Research’s monthly Freightstat report shows the growth in freight traffic between the UK and Continental Europe has declined sharply over the second quarter of 2019 (April to June) compared with the first quarter (January to March). In June 2019, freight volumes (accompanied and unaccompanied units) declined by almost 11% compared with the same month of 2018. In contrast, volumes had risen by almost 7% in April 2019, compared with April 2018.
Brexit Impacts Felt Mainly on the Short Sea Routes
The impact of the stocking roller coaster has been felt most strongly by the Short Sea freight routes (e.g Dover-Calais, Dover-Dunkirk and Eurotunnel).
FreightStat provides up to date monthly details and analysis, by operator, of accompanied and unaccompanied freight traffic on Short Sea, Tunnel and Western Channel ferry routes, plus Irish routes. The authoritative report complements IRN’s existing FerryStat report on monthly passenger, car and coach traffic across all UK ferry routes. The reports are an invaluable source of reference for anyone who wishes to track development in the UK ferry industry and understand the dynamics of this rapidly changing market.
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