Hungary has emerged as a collection and distribution center in the European logistics network
Hungarian rail and intermodal freight transport showed mixed performance in 2024, according to the latest data from the Association of Hungarian Logistics Service Centers (MLSZKSZ). While rail freight transport struggled with significant cost increases and profitability problems, intermodal transport achieved an outstanding 122 percent growth, making Hungary a hub (HUB) in the European logistics network. The success of the sector depends on further investments, the development of the regulatory environment and the modernization of the railway infrastructure.
According to data from the Hungarian Railway Association Hungrail, in the last quarter of 2024, the unit costs of rail freight transport companies increased by 10.3 percent compared to the same period of the previous year, while unit revenues increased by only 2.2 percent. This significant difference resulted in a dramatic deterioration in profitability, which the sector was unable to compensate for with a fee increase. The main reasons for the cost increase were the increase in operating costs, wagon inspection costs and network access fees, as well as exchange rate fluctuations in the case of international transport.
The competitiveness of the sector was further undermined by price competition with road transport, which sometimes forced railway companies to reduce prices. According to the Hungrail rail freight index, the sector’s performance is on a declining trajectory, which was further aggravated by track closures due to railway construction works in 2024.
Related news
The Logistics Yearbook also supports the education of young people: they are already waiting for applications from this year’s authors
This year, the latest issue of the Logistics Yearbook is…
Read more >Display 2.0 – the sales floor of the future
In-store display is becoming a smart device – we could…
Read more >AutoWallis Group strengthens in the large commercial vehicle market
The AutoWallis Group is further strengthening its presence in the…
Read more >Related news
Drugstore price cuts could come from mid-May: prices may be reduced in 30 product categories
The Hungarian government is planning to introduce a new markup…
Read more >KSH: retail turnover exceeded the same period of the previous year by 0.4 percent, decreased by 0.5 percent compared to the previous month
In March, the volume of retail sales in Hungary decreased…
Read more >NGM is satisfied with the increase in retail turnover Visszajelzés küldése Oldalsó panelek Előzmények Mentve Fordítási találatok állnak rendelkezésre
The March slowdown in retail sales is merely a temporary,…
Read more >