By Joseph O’Reilly
UK and continental shippers can expect a price reprieve after Eurotunnel announced plans to reduce freight rates through the Channel tunnel. The move comes after the European Commission began legal action to reduce charges and increase traffic.
Paris-based Eurotunnel, which operates trains through the tunnel, will cut tariffs for off-peak services at night during the week, and reduce prices by one-third during tunnel maintenance.
The European Commission welcomed the decision to reduce track access charges by up to 50 percent, expecting it to double rail freight volume through the tunnel in the next five years.
“Because rail freight traffic through the Channel Tunnel has increased 10 percent in 2013, and 13 percent in the first quarter of 2014, we decided to reinforce our efforts to support the development of this traffic,” says a statement from Eurotunnel.
In response, European Commission Vice President Siim Kallas says the decision “stands to unblock a major bottleneck in Europe’s transport network,” and is good news for business, consumers, and the environment.
http://www.inboundlogistics.com/cms/article/global-logistics-june-2014/
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