CT in EU down by almost 15% in Q2 2023 - UIRR 08/08/23
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Combined transport in Europe down by almost 15% in Q2 2023, according to UIRR
Lubomir Cech, 08/08/2023
Based on data from International Union for Road-Rail Combined Transport (Union Internationale Pour le Transport Combine Rail-Route - UIRR), the market declined by 14.41% compared to the same period in 2022, similar to decreases during the hardest Covid lockdowns.
For three quarters in a row, the European combined transport decreased. The latest quarter, ending in June 2023, also brought a decline, reaching almost 15% compared to 2022. This follows a 14% decline in Q1 2023. The outlook of UIRR remains negative due to high inflation, low consumer confidence, high energies for traction and increased track access charges. In comparison, road tolls remained unchanged, and diesel fuel prices decreased.
These are the data UIRR, predicting an unchanged scene by at least the end of 2024, unless EU member states governments introduce measures such as reduced trach access charges, or caps on traction electricity price.