Freight volumes down sharply in first quarter

Freight transport declined significantly in the first quarter of this year, according to new data published Thursday by the Central Statistics Bureau (CSB).

Compared to the first quarter of 2015, in the first quarter of 2016 the volume of freight carried by road and pipelines diminished by 14%.

The most notable drop was recorded in international rail freight – of 3.5 million tons or 21.5% of which the volume of import freight fell by 20.2%, the volume of export freight by 14.0%, while volume of freights in transit trough Latvia fell by a worrying 49.5%.

Freights transported to and from Latvian ports accounted for 10.8 million tons – 21% less than in the first quarter of 2015.

Road freight was also in decline, though not to quite such an extent: in the first quarter of 2016, 11.8 million tons of freight were carried by road – 5.8 % less than in the first quarter of 2015. 

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