Land Transport Trends: Freight Volumes Drop 6.5%, Passenger Journeys Surge 38.1% in April 2024
The volume of goods transported decreased by 6.5% in April 2024 compared to April 2023. Despite this, income from freight transportation only decreased by 0.1% over the same period.
| Comparison | April 2024 | April 2023 | % Change |
|---|---|---|---|
| Volume of Goods Transported | - | - | -6.5% |
| Freight Income | - | - | -0.1% |
Income Growth in Last Three Months
Income from freight transportation increased by 2.1% in the three months ending April 2024 compared to the same period in 2023. This growth was driven by several key sectors.
Positive Contributors
Containers contributed 2.1 percentage points, with a 44.2% increase. Primary mining and quarrying products contributed 1.2 percentage points, with a 3.6% increase. Electrical machinery, transport machinery, and equipment rose by 37.4%, contributing 0.7 of a percentage point. Commercial products also grew by 36.4%, contributing 0.7 of a percentage point.
| Sector | % Change | Contribution (Percentage Points) |
|---|---|---|
| Containers | 44.2% | 2.1 |
| Primary Mining and Quarrying Products | 3.6% | 1.2 |
| Electrical Machinery, Transport Machinery and Equipment | 37.4% | 0.7 |
| Commercial Products | 36.4% | 0.7 |
Negative Contributors
Manufactured food, beverages, and tobacco products saw an 18.9% decline, contributing -2.7 percentage points. Agriculture and forestry primary products decreased by 11.7%, contributing -0.8 of a percentage point.
| Sector | % Change | Contribution (Percentage Points) |
|---|---|---|
| Manufactured Food, Beverages, and Tobacco Products | -18.9% | -2.7 |
| Agriculture and Forestry Primary Products | -11.7% | -0.8 |
Seasonal Adjustments
Seasonally adjusted payload decreased by 2.5% in the three months ended April 2024 compared to the previous three months. Road freight declined by 3.2%, contributing -2.7 percentage points. Meanwhile, rail freight increased by 1.0%, contributing 0.2 of a percentage point.
| Transport Mode | % Change | Contribution (Percentage Points) |
|---|---|---|
| Road Freight | -3.2% | -2.7 |
| Rail Freight | 1.0% | 0.2 |
Passenger Transportation
Passenger Journey Increase
The number of passenger journeys increased by 38.1% in April 2024 compared to April 2023. Corresponding income also saw a significant rise, increasing by 17.1% over the same period.
| Comparison | April 2024 | April 2023 | % Change |
|---|---|---|---|
| Passenger Journeys | - | - | 38.1% |
| Passenger Income | - | - | 17.1% |
Seasonal Adjustments in Passenger Journeys
Seasonally adjusted passenger journeys increased by 1.8% in the three months ended April 2024 compared to the previous three months. Rail passenger journeys saw an 8.5% increase, contributing 1.4 percentage points. Road passenger journeys increased by 0.5%, contributing 0.4 of a percentage point.
| Transport Mode | % Change | Contribution (Percentage Points) |
|---|---|---|
| Rail Passenger Journeys | 8.5% | 1.4 |
| Road Passenger Journeys | 0.5% | 0.4 |
Detailed Analysis of Freight Sectors
The freight sector saw mixed results across various industries. The container sector’s robust performance was a highlight. Containers transported increased by 44.2%, significantly boosting overall income. Primary mining and quarrying products also contributed positively.
However, the decline in manufactured food, beverages, and tobacco products was notable. This sector’s 18.9% decrease had a substantial negative impact. Agriculture and forestry primary products also struggled, with an 11.7% decrease.
Road vs. Rail Freight
Road freight experienced a significant downturn, decreasing by 3.2% in the three months ending April 2024. This decline contributed negatively by 2.7 percentage points. In contrast, rail freight saw a modest increase of 1.0%, contributing positively.
Passenger Transport Dynamics
Passenger transportation showed a strong upward trend. The number of passenger journeys rose sharply by 38.1% in April 2024. This surge in passenger journeys was reflected in a 17.1% increase in income.
Rail vs. Road Passenger Transport
Rail passenger journeys grew by 8.5% in the three months ending April 2024, significantly contributing to the overall increase. Road passenger journeys also saw a rise, but at a slower pace of 0.5%.
Conclusion
The land transport sector in April 2024 presented a mixed picture. Freight transportation volumes declined, but certain sectors showed strong income growth. Passenger transportation, on the other hand, experienced a substantial increase in both journeys and income. The contrast between road and rail transport dynamics highlights differing trends within the sector.
