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Europe's freight volumes drop 12% YoY in Nov 2022: DFDS
14 Dec '22
1 min read
Pic: Shutterstock/ Avigator Fortuner
Total freight volumes in Europe in November 2022 decreased by 12 per cent year-on-year (YoY), as per the DFDS. Volumes were 3.7 per cent below 2021 adjusted for the English Channel that is impacted by a considerable total market decrease and overcapacity. North Sea volumes were lowered by a temporary reduction in ferry capacity and continued supply chain disruptions.
Mediterranean volumes kept on growing in November, while Baltic Sea volumes remained negatively impacted by the war in Ukraine, according to a press release by Danish international shipping and logistics company DFDS.
For the last twelve months of 2022-21, the total transported freight lane metres decreased 2.4 per cent to 42.2 metres from 43.3 metres in 2021-20. The decrease was 0.5 per cent adjusted for the Channel.
Fibre2Fashion News Desk (NB)
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