| Britain relies on rail freight according to new study |
| Monday, 12 July 2010 | |
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In recent years rail freight has undergone a renaissance, with freight volumes increasing by 50% since 1995. The British economy is boosted annually from £870m by the rail freight industry – new research from Network Rail reveals today. The freight industry further indirectly supports an economic output of £5.9bn, over six times its direct turnover. Network Rail’s study, the Value and importance of rail freight, also shows:
Rail transports over 100m tonnes of goods worth around £30bn every year Network Rail’s director, planning and development Paul Plummer, said: “Britain relies on rail freight. More and more companies are switching to rail and reaping the economic and environmental benefits. As Britain climbs out of recession, Network Rail is boosting business by creating new opportunities for freight. “Today we are seeing the greatest variety of goods transported by rail. Traditionally, rail freight has been dominated by bulk products such as steel and aggregates – unsuitable for road transport – but increasingly consumer goods such as foodstuffs, plasma screen televisions and even Christmas trees arrive by train.” "Network Rail is committed to work closely with freight operators to improve efficiency and prioritise scarce funding for investment so that we can grow rail’s share of the freight business in an affordable way. Up and down the country Network Rail is working on investment schemes that will bring further benefits to business, to consumers and to the environment. These schemes often bring significant benefits to passengers as well, so this is all about making better use of the network." Road freight is frequently delayed by congestion. Every year thousands of hours are lost due to congestion on Britain’s roads and over a quarter of all road freight journeys are delayed. Analysis by the Department for Transport found that congestion was the biggest external cost imposed by road freight.
The Eddington Study estimated that the time lost as a result of road congestion costs the British economy £7-8bn every year and is likely to be at least £24bn by 2025 |


