United Kingdom Freight Transport Report 2016
Growth in the freight industry will be fuelled by positive growth in the air and rail sectors while the roadsector will suffer some negative growth for a number of years. Investment in infrastructure will help tosupport the industry while a modest recovery in the eurozone and strong domestic demand in the UK mayalso help to boost trade figures. A number of factors are limiting growth in the short term, with congestionand over-capacity fuelling the need for rapid improvement of infrastructure. At the same time disruptioncaused by ongoing improvements such as the Forth Road Bridge and congestion caused by border securityissues will cause some disruption in the short term for freight companies.
Trade Growth Looks Strong
Rail and air sectors will experience stronger growth than the roads. Although the general trade outlook ispositive, with growth in imports and exports looking strong at 11.99% and 12.32%, respectively, in 2016,some specific industry sectors are causing concern. The recent crisis in the steel industry has highlighted thenegative impact of green taxes and competition from China on the heavy industries sector. Investmentacross the transport infrastructure will help to expand the capacity of the UK's freight industry and improveefficiencies. Decisions on a number of large projects under discussion such as the third runway for Londonand the H2 rail link will restore some confidence in the UK's capacity to increase its freight services in linewith growth in demand fuelled by economic recovery both at home and abroad.
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