Rail Freight
THE RAIL Delivery Group (RDG) has published new data indicating that rail freight brings £1.7 billion of economic benefits to Britain. The data, compiled by the consultancy KPMG using rail industry statistics, finds that British businesses benefited by £1.2 billion in productivity gains and an additional £0.5 billion was generated in other economic benefits from rail freight in 2016.
The data, published in June in the report ‘Rail Freight: Working for Britain’, show rail freight’s benefits for the British economy, by reducing road congestion, supporting the delivery of infrastructure, reducing carbon emissions and reducing imbalances in regional economies.
Within the nations and regions of the UK, the data indicates that North West England, Yorkshire and Humber, Scotland and the West Midlands have the highest productivity and externality benefits, with 87% of benefits secured outside London and South East England.
Each year the rail freight industry carries goods worth over £30 billion for its customers, from whiskies, cars and clothing to cement, stone and oil, including transporting more than one in four of the containers that enter and exit the UK via deep sea ports.
Paul Plummer, Chief Executive of the Rail Delivery Group, said: ‘Working together, the partnership railway stands ready to do more to increase the benefits that rail freight is delivering for Britain. As we prepare to develop new trading relationships outside the European Union, we can build on the £30 billion worth of goods carried by rail freight, connecting more British businesses with new markets via our sea ports around the country.’
