Fast Market Research recommends "United Kingdom Freight Transport Report 2013" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 03/14/2013 -- BMI View
In terms of freight mode, the picture is mixed for 2013 as the UK contends with circling global economic headwinds, particularly in the eurozone where the country is heavily reliant on trade. Whereas rail freight is expected to perform relatively well in 2012 and over the forecast period to 2017, the road freight sector is set for a poor 12 months.
In light of the unfolding global economic slowdown, we have been stressing in our monthly Global Macro Updates that a fresh round of monetary and fiscal stimulus is in the offing. The US Federal Reserve has pulled the trigger on additional quantitative easing following the annual Jackson Hole symposium, with the central bank now committed to an open-ended programme of monthly mortgage backed security purchases.
View Full Report Details and Table of Contents
The European Central Bank has also upped the ante by pledging to buy unlimited amounts of government debt in the eurozone periphery, conditional on member states first signing up to a macroeconomic structural adjustment programme. We expect the Bank of England to follow suit by raising the ceiling of the asset purchase programme, while also exploring new initiatives to boost credit flow to the economy (we see scope for private sector asset purchases and even direct lending to the corporate sector over the medium term). This will provide much needed short-term relief for the UK economy.
Headline Industry Data
- UK air freight volume to grow by 1.82% to 2.40mnt in 2013, following a 2.45% contraction in 2012.
- Tonnage handled at Port of Grimsby and Immingham will grow by 3.30% in 2013 to 60.45mnt, after 2.31% growth the preceding year.
- 2013 tonnage growth at the Port of London will be 1.24% to 49.87mnt.
- Rail freight will grow by 4.20% to 109.24mnt, slightly below the 4.40% growth in 2012.
- Road haulage will be one of the slowest growing transport modes in 2013, rising 1.27% to 1.79bnt.
- The real value of UK foreign trade will expand by 6.0% in 2013.
Key Industry Trends
Hauliers Affected By New Plans
A raft of new laws came into force during 2012, affecting hauliers. The UK Freight Transport Association (FTA) issued a reminder to road hauliers of its new Low Emission Zone (LEZ) standards for London, effective from January 3 2012, reported the Handy Shipping Guide. Also, in September 2012, the Road Haulage Association (RHA) in the UK has granted approval to the government's plan regarding introducing a charging system for foreign truckers using UK roads.
Baltic Interest Continues To Increase
British rail freight operator Freightliner is reported to be interested in expanding into Latvia's rail freight sector. We believe that rail freight operators' interest in the Baltic States and Latvia is understandable and forms part of our larger bullish outlook for freight and shipping in the Baltic Sea region.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Transportation research reports at Fast Market Research
You may also be interested in these related reports:
- United Kingdom Freight Transport Report 2012
- United Arab Emirates Freight Transport Report Q1 2013
- United Kingdom Freight Transport Report 2011
- Rail Freight: Global Industry Guide
- Road Freight: Global Industry Guide
- United States Freight Transport Report Q4 2012
- Road Freight in the United Kingdom
- Air Freight in the United Kingdom
- Road & Rail - Global Group of Eight (G8) Industry Guide
- Kazakhstan Freight Transport Report 2013