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Truck traffic boosts Eurotunnel sales

Truck traffic boosts Eurotunnel sales
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Eurotunnel’s revenue was up 29 percent in the final three months of last year as it carried over a third more lorries on its shuttle trains through the Channel Tunnel between Britain and France.

Bad weather meant there was a five percent drop in the number of cars on its passenger shuttles and a slight dip in traffic on Eurostar trains using the tunnel, but Eurotunnel managed three percent growth for the full year.

Revenue rose to 187 million euros in the fourth quarter from 144.6 million a year earlier, excluding insurance indemnities.

Eurotunnel’s shuttles carried 305,100 trucks and 455,121 cars, motorbikes and caravans through the tunnel in the period.

The company said in a statement: “The extreme bad weather in December 2010 has had a significant impact on the roads leading to and from the terminals, and speed limits on Eurostar trains affected the volumes throughout the month, which could therefore have been even better.”

“The improvement seen during the first half of the year tailed off slightly in the second half (at Eurostar),” Eurotunnel added.

“The difficulties encountered during the bad weather during this winter, such as the delay or cancellation of services, is behind the stagnation of the revenue figures in the fourth quarter.”

Still, Eurotunnel was able to report that it had succeeded in returning to its historic market share in cross-Channel transport towards the end of last year following the impact of a fire in the tunnel in September 2008.

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