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TIMOCOM transport barometer: drastic downturn due to corona

Downturns all across Europe during traditionally freight heavy months – with recovery visible in June

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15.07.2020
TIMOCOM transport barometer: corona causes massive downturn

Due to the pandemic, even the traditionally freight heavy months of April and May saw significant downturns in transport services. “In total, our transport barometer saw a 45 percent downturn in freight as compared to the previous year during the second quarter of 2020,” says Gunnar Gburek, TIMOCOM Company Spokesman. Transport services dropped even more sharply within Germany during the same time period.

Corona has caused a drastic downturn in transport volume, but June saw offers on the rise again
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Slight recovery following the corona shock

Freight volumes within Germany dropped significantly by 49 percent as compared to the previous year across the entire second quarter. A more granular analysis shows that the downturn in freight caused by corona was at -67 percent as compared to the previous year in April. The numbers for Germany then once again began to rise towards levels recorded last year in May (-53 percent) and June (-23 percent).

This is in line with the trend across Europe. In June, the 44 European countries examined by the transport barometer had 69 percent more freight volumes than in May. In June 2020 only 17 percent less freight was recorded than in June 2019. “Of course we have to keep a very close eye on developments during the pandemic. But the numbers we recorded in June provide hope that the logistics industry has made it through the worst of this crisis” according to the TIMOCOM spokesman.

Logistics in lockdown

Individual country analyses show how tightly transport barometer numbers are connected to the effects of corona and the political reaction to the crisis.
Freight offers for transport routes from Germany to France dropped by 84 percent in April and again in May by 67 percent as compared to the previous year. France relaxed its strict lockdown rules in mid-May. Demand then rose to disproportional heights in June, reaching 16 percent more freight than the same month in the previous year. 
Austria, which opened its borders to Germany in June, presents a somewhat similar picture. The number of offers for transport from Germany dropped by 70 percent in April and again in May by 59 percent as compared to the same months in the previous year. However, in the month that followed there was no major increase, with a downturn of 18 percent as compared to June 2019. 
Transport volumes from Poland to Germany also dropped by about half (-53 percent) as compared to April in the previous year. However, the end of June saw a rapid increase of 96 percent as compared to last year.

“There was an unprecedented drop in German exports during April of this year. Our transport barometer clearly shows that road transport took a significant hit as a consequence. But nobody can say how sustainable the current upwards trends are. Based on current developments, however, the industry can be cautiously optimistic regarding developments throughout the rest of the year,” commented Gunnar Gburek.

 

The FreightTech company TIMOCOM has been using the transport barometer since 2009 to analyse the development of transport offers and demand across 44 European countries as recorded by the freight exchange, which is integrated into the Smart Logistics System. More than 130,000 users generate up to 750,000 international freight and vehicle space offers daily. The system helps over 43,000 TIMOCOM customers to meet their logistics goals smartly, safely and simply.

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