The true scale and cost of bottlenecks in Britain’s freight network has been laid bare in a report commissioned by the UK Major Ports Group (“UKMPG”). The report for the first time identifies the strategic freight network responsible for keeping the UK’s goods moving and the substantial value from making improvements to this network.
The report finds that congestion on key routes and locations in the country obstructs the UK economy, amounting to 50,000 HGV hours wasted every day (19 million per annum) and 3 million tonnes of rail freight restricted annually, costing an estimated £539 million every year.
Prioritising improvement on just 2.4% of England’s road network and key routes in Scotland and Wales, together with just 7 out of around 1,000 major junctions on the rail network would transform our freight network and unlock value to the UK economy which far outstrip the cost of investment. The report, which was developed by specialist research company MDS Transmodal, found that a total of £14.2bn billion could be unlocked over a 60-year period by taking a ‘freight-first’ approach to:
. . . . . continue reading the article on the UKMPG website here