The UK’s freight industry is at a crossroads. Freight costs can account for up to 50% of a product’s total value, with prices rising as demand, fuel costs, and geopolitical tensions affect the industry. As governments also push for environmental regulations, proactively managing your carbon footprint can shield your business from future challenges.
While 81% of domestic freight is currently transported by road, environmental and logistical challenges are becoming increasingly apparent. Moving goods by rail can reduce carbon emissions by up to 76% compared to road transport. Moreover, the UK government is aiming to increase rail freight by 7.5% over the next six years, signalling a clear commitment to this mode of transportation. Rail freight could be the key to unlocking a more sustainable and efficient supply chain.
As part of our commitment to support businesses in Greater Manchester as they navigate their international trade journey, GM Chamber is pleased to launch a series of free virtual sessions in partnership with a select group of UK Chambers.
Join us on 11 September 2024 as we partner with RailX to gain deeper insights into the rail freight landscape. If you are looking to optimise your supply chain, reduce your carbon footprint, and explore new opportunities, this session is for you.
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Sources: Department of Transport, RailX, Fretron
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