Cargo transportation in Europe fell by 36%
Cargo transportation in Europe suffered a sharp drop in the fourth quarter of 2022, with a 36% decrease in cargo shipments compared to the previous quarter. The decline was observed across the continent, according to a study by TIMOCOM, a European logistics platform.
The decline was particularly evident in Germany, where cargo transportation had already dropped by 39% in June. In December, the decline in freight transport offers was even more significant, with a 55% decrease in Germany compared to the previous year. This decrease was likely due to a combination of factors, including the ongoing energy crisis and supply chain disruptions caused by the COVID-19 pandemic.
Despite the decline in cargo transportation, configured downloads in the TIMOCOM market across Europe increased by 12% in 2022 compared to 2021. This suggests that while overall demand for cargo transportation may have decreased, there is still a significant amount of activity taking place in the European logistics market.
The biggest declines in the fourth quarter were from Belgium to Germany and from France to Germany. This trade relationship is particularly important for Europe, as Germany is a major hub for trade within the continent. The decline in cargo shipments between these countries suggests that the ongoing challenges facing the logistics industry are having a significant impact on trade within Europe.
In November, Germany’s Federal Statistical Office reported a sharp decline in foreign demand, with EU countries ordering 10.3% fewer goods from Germany. This decline in demand is likely linked to the ongoing supply chain disruptions and energy crisis, which have made it difficult for companies to source the goods they need.
Overall, the decline in cargo transportation in Europe is a worrying trend for the logistics industry and highlights the ongoing challenges facing the sector. However, the increase in configured downloads suggests that there is still demand for logistics services in Europe and that the industry will continue to play a crucial role in supporting businesses and consumers across the continent.