- The Timocom transport barometer shows continued growth in freight volumes in Europe for the second quarter of 2021.
- Relaxation and catch-up effects after the crisis affect the transport market in Europe.
The second quarter of 2021 continues the developments of the first quarter: The year got off to a good start in the first quarter with 58 percent growth in freight offers compared to the same quarter of the previous year 2020. With a further increase in freight inputs of 51 percent compared to the first quarter of 2021, the second quarter creates new record values on Timocom’s freight exchange. Compared to the weak second quarter in Corona year 2020, this means an increase of 251 percent. Compared to 2019, the year before the pandemic broke out, freight numbers have actually doubled.
After the first quarter of 2021, which closed in March with an increase of approx. 6 million freight entries more than in the same month of 2020, the second quarter continued to show a significant increase: Since April, the smart logistics system has more than tripled Freight offers generated. The reasons are, among other things, the opening of the retail sector and the overall economic development in Europe after the last corona wave has subsided. Because most of the manufacturing industry is running at full capacity again. The economic recovery is also reflected in the Europe-wide lack of cargo space.
Freight: Small summer low in the European market after all-time high
The development in numbers: April 2021 increased moderately by 2 percent compared to the already strong month of March. In May, freight inputs rose again significantly by 18 percent. “In addition to the relaxation of the corona measures, the after-effects of the Suez Canal blockade play a role here. In the weeks that followed, many goods had to be transported inland from ports. In addition, the eCommerce business continues to boom. The trend is not affected by the seasonal decline in June of 5 percent compared to the previous month, ”explains Gunnar Gburek, Company Spokesman at Timocom. Compared to the corona-related restrictions in 2020, there are new highs in the individual quarterly months of 2021: in April of 334 percent, in May 345 percent and in June 152 percent.
More freight with fewer trucks
The sharp decline in cargo space entries is still noticeable. In some cases, slumps of up to minus 25 percent have been recorded compared to the previous year. However, this negative trend is a consequence of the high supply of freight. Because this means that the possibility of utilizing the available cargo space is still very high. The need to actively offer cargo space is stagnating due to the abundance of offers. This enormous increase in freight inputs can also be seen when looking at individual country data.
Pre-crisis level for freight exceeded in many markets
In Germany, 69 percent more freight was registered in domestic traffic in the second quarter than in the previous quarter of 2021. This more than made up for the slight decline of four percent in the first quarter of 2021 compared to the freight boom at the end of 2020. The monthly development of domestic traffic in Germany in the second quarter of 2021: in April plus two percent, May plus 17 percent and June minus five percent. In addition to the general economic trend, this development is also due to the cargo overhangs due to delayed container ships.
After a decline of 15 percent in 2020, the Dutch market recorded an average growth of six percent in the first quarter of 2021. For freight transport, growth of around 1.5 percent is expected for 2021. In relation to the transport demand in road freight transport, the growth rates give reason to be optimistic that this estimate will be exceeded. For example, indications provide the data from the following country relations. The number of freight entries with a place of loading in the Netherlands and a destination in Germany increased by 454 percent in the second quarter compared to 2020.
In Poland, the freight market is recovering more slowly
The market in Poland is also showing further upswing. Even if the recovery there after the corona restrictions is progressing somewhat more slowly compared to the overall European market. The increase in the second quarter of 2021 is less than that of the freight offers in Germany. Overall, however, the transport barometer shows an increase of 183 percent compared to the same quarter of the previous year.
After the already strong first quarter of 2021 (plus 30 percent), the freight volume within Poland rose by 15 percent in the second quarter compared to the first quarter of 2021. The monthly development in detail: The strong March continues in Poland, although there is initially a minus of 25 percent in April 2021 compared to the previous month. In May and June, the previous months were exceeded again: plus nine percent and plus 16 percent.
France with the highest increase in inland freight
Entries for freight with loading and destination locations in France showed the greatest year-on-year increase in inland transport in the second quarter of 2021: an increase of 492 percent in April, 283 percent in May and a further 93 percent in June. Between May and June, the market remained at the high level of the previous quarter. Only the increase in freight from Germany to France compared to 2020 is more impressive. Here, the offer increased more than tenfold in the first month. 1,312 percent in April, 731 percent in May and another 99 percent in June 2021.
Spain: volume of freight above pre-crisis levels
The offered freights originating in Spain to the rest of Europe continue to rise overall. In contrast, there was a slight increase in freight from Europe with the destination Spain compared to the first quarter of 2021. Compared to the pre-crisis period, May 2021 in particular is characterized by a significant increase, especially in freight offers from Spain to Germany (plus 104 percent) and to France (plus 71 percent) compared to May 2019.
The number of offers of freight from Germany to Spain rose the most in May 2021 with 125 percent compared to 2019. May is a strong month in Spain due to food exports and imports. Compared to 2019, the total freight volume increased by 80 percent in May 2021. The freight offers with the destination Romania alone declined and fluctuated in the second quarter. In April they were minus 53 percent, in May they were minus twelve percent and in June they were plus 73 percent.
The FreightTech company analyzes with the transport barometer Timocom since 2009 in 46 European countries the development of the transport supply and demand of the freight exchange integrated in the smart logistics system. More than 135,000 users generate up to 800,000 international freight and vehicle space offers every day. The system helps over 45,000 customers to achieve their logistical goals in a smart, safe and easy way. (sg)
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