New figures published by Transporeon show that demand for France-UK cargo is now 17% up on Q3 levels, while rejection rates have almost halved.
Commenting on the data, Transporeon Chief Executive Officer Stephan Sieber said that “Market players have slowly commenced adjusting to the new circumstances.”
🇬🇧🇪🇺 Real-time data confirm post-Brexit trade is recovering
The rejection rate for cargo shipped France-UK almost halved last week – lowest since the last week of Nov 🚚🚢
„Market players slowly adjusting to the new circumstances,” says @TRANSPOREON_TPG @economics exclusive👇 pic.twitter.com/wlXW0hQ8H9
— Lizzy Burden (@lizzzburden) February 16, 2021
Bloomberg’s Lizzy Burden, who broke the story, says the figures “confirm post-Brexit trade is recovering.”
However, the data does not necessarily show the full picture. As has been reported for some time now, a significant proportion of trucks are still returning from the UK to the EU empty. Various estimations put the figure at anywhere between 40-68%.
Photo credit: Oast House Archive / Wikipedia