New Market Research Report: United Kingdom Freight Transport Report 2015

From: Fast Market Research, Inc.
Published: Mon Jan 05 2015

The macro-economic outlook for the UK is moderately positive for the freight transport sector in 2015. We believe cargo volume growth will range from the low single percentage digits (road freight, air freight, some ports) to slightly higher levels, although also in single digit territory. Rail and some ports (notably Southampton but also Dover and Grimsby & Immingham) will grow at faster-than-GDP rates, while road haulage, airfreight, and a number of other ports will lag behind. We also note that UK real trade is expected to grow by 1.5%, also slower than GDP. Exports will lead the way (+1.6%) with imports growing by 1.3%.

With a couple of reservations, BMI is upbeat about prospects for the UK economy. In 2015 we are expecting GDP growth of 2.5%, after a particularly strong 2014, where we recently raised out estimate to 3.1% growth (up from 2.9% previously). In fact, in 2014 the UK was on track to be one of the fastest growing developed economies, and certainly the fastest growing among the G7. The key driver of this growth has been household spending. Our reservations focus on the things that need to happen for this expansion to be sustainable. There are three: first, still-sluggish real wages need to recover more strongly; second, fixed investment, which has remained at relatively weak levels, must pick up; and third, fears of a renewed property bubble in areas of the country such as London need to be put to rest. That said, we have a good outlook on the medium term, with GDP set to grow by an annual average of 2.3% between now and 2019. Over the same period total trade growth will average 2.6% per annum.

Full Report Details at

Headline Industry Data

* UK air freight volume to grow by 1.2% to 2.453mn tonnes in 2015, down from estimated 2.3% growth in 2014.
* Tonnage handled at Port of Grimsby and Immingham will grow by 4.7% in 2015 to 66.819mn tonnes, comparable to the 5.0% growth recorded the preceding year.
* 2015 tonnage growth at the port...

The United Kingdom Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.

Business Monitor International (BMI)'s United Kingdom Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the British freight transport and logistics industry.

Key Benefits

* Benchmark BMI's independent freight transport industry forecasts on United Kingdom to test other views - a key input for successful budgetary and planning in the strategic freight transport market.

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