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UK port freight declines in Q2 2024 amidst post-Brexit trade shift


pellinore

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If only someone could have predicted trade and investment would be damaged by the UK erecting barriers against itself! No one could have seen that coming!

Inward traffic decreased by 1% to 72.4 million tonnes, while outward traffic fell by 2% to 35.6 million tonnes. Despite these declines, unitised traffic remained stable at 5.4 million units.

Liquid bulk and container tonnage saw notable reductions, while roll-on/roll-off (Ro-Ro) freight increased by 4%, highlighting mixed trends in post-Brexit UK trade patterns.

The report shows a more pronounced 5% decrease in total tonnage over the rolling year to June 2024, falling to 418.1 million tonnes.

Liquid bulk tonnage dropped significantly by 5%, driven primarily by a sharp 79% decline in LNG traffic at Medway port. Meanwhile, dry bulk tonnage also decreased by 3%, with Port Talbot, a key hub for dry bulk materials, seeing a reduction of 36% as Tata Steel reduced operations.

UK port freight declines in Q2 2024 amidst post-Brexit trade shift | Logistics Manager

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