Hamburg, 11 August 2022

The first half of this year, Hamburger Hafen und Logistik AG (HHLA) achieved a positive modal shift. Rail volumes increased, while the amount of road cargo dropped. As a result, the total rail share of HHLA went up.

In the intermodal segment, intermodal transport increased by 2.2 per cent to 851.000 TEU, as compared to 832.000 TEU in the previous year. Rail freight volumes rose by 4.6 per cent to 709.000 TEU. Road transport volumes went down by 8.2 per cent to 142.000 TEU.

HHLA recorded a positive performance of revenues and earnings in the first half of 2022, despite of the current crises, and considers that the increases in the modal share of rail are one of the main contributors to these positive results.

Angela Titzrath, Chairwoman of HHLA’s Executive Board, said the following about HHLA’s results in the first half of 2022: “For more than two years now, we have all experienced how volatile the logistics sector is. The restrictions in place to fight the coronavirus pandemic, weather conditions, road and rail construction work and now the war in Ukraine with the subsequent sanctions against Russia have a massive impact on global supply chains.

HHLA may have successfully completed the first half of 2022, but the disruptions to supply chains still continue to pose major operational challenges for us. It is not currently clear when this situation will return to normality or what consequences the global crisis will have for the economy and for society. HHLA is doing everything it can to contribute to the reliable supply of businesses and consumers. We are continuing to focus on the implementation of our strategy, which is based on growth and sustainability – especially in these uncertain times.”

Source: RailFreight.com