HUNGRAIL: the Railway Single Wagon Freight Transport Support Program must be maintained in the coming years
The VEKT (Railway Single Wagon Freight Transport) subsidy program must be maintained this year as well and it is important to extend it for another five years after 2026, the Hungarian Railway Association HUNGRAIL announced.
They added that the year 2024 was evaluated at the last HUNGRAIL single wagon working group meeting.
According to the statement, the performance of railway single wagon transport increased significantly last year, which supports the effectiveness of the VEKT subsidy program.
They pointed out that the segment moved 4.95 million tons of freight and more than 1,133 million freight tonne-kilometers, and the subsidy requirement exceeded 7 billion forints. This means that the performance increased by more than half a million tons of freight and 160 million freight tonne-kilometers compared to the previous year. 100 percent of the 6.4 billion forints of funds provided in the VEKT support program were used, and by the end of the year, an additional 758 million forints of funds were required. Three more railway companies joined the program, which also indicates the attractiveness and expansion of the sector.
It was highlighted that, based on preliminary data, further performance growth can be experienced in 2025 compared to the time-proportional values of 2024, while 11 companies are already actively participating in the program.
Based on last year’s experience, this year too, the depletion of funds is expected before the end of the year, therefore, according to the association, it is essential that the state support for the VEKT program is maintained and the funding framework is expanded in a flexible manner, following real performance. The program contributes to reducing road freight traffic, reducing harmful emissions, and strengthening the role of railways in the domestic logistics system, it was highlighted.
They also touched on the reduction of Hungary’s ecological footprint and noted that with the help of the VEKT subsidy program, customers chose the environmentally friendly railway instead of the road when transporting almost 5 million tons of goods. This means that on average 340 thousand fewer trucks loaded Hungarian roads, thus 80 thousand tons less carbon dioxide was released into the Earth’s atmosphere – reads the HUNGRAIL statement.
Related news
A freezer the size of a tennis court, a cold storage warehouse the size of 5 supermarkets, 4 heat zones and 100 thousand refrigerated products per day – this is Kifli.hu’s summer logistics
Nearly 100 thousand chilled and more than 6600 frozen products…
Read more >Location becomes a competitive factor in e-commerce
As digitalisation and consumer expectations evolve rapidly, logistics and warehousing…
Read more >A new era in home delivery: GLS introduces a collection code
The convenience and security of home delivery will be increased…
Read more >Related news
Rossmann has exploded onto the e-commerce top list
Rossmann is included for the first time in the 2024…
Read more >Introducing the AI Guide for Media and Marketing Communications
The first comprehensive Hungarian AI handbook was prepared in an…
Read more >Seven out of ten young people would work abroad
Half of Hungarians without foreign work experience are open to…
Read more >