Decline in Freight Transport by Rail in Finland: Q3 2023

The Finnish Transport Statistics for the third quarter of 2023, released by Statistics Finland, highlight a 20% decrease in the quantity of freight transported by rail compared to the same period in 2022. In contrast, passenger travel remained stable, with 21 million journeys recorded during Q3 2023, mirroring figures from the previous year.

Key Highlights:

  1. Railway freight transport registered a notable decline, with 6.1 million tons transported in Q3 2023 – a 20% reduction compared to Q3 2022.
  2. Passenger travel maintained consistency, recording 21 million journeys during Q3 2023, aligning with the figures from the corresponding period in the previous year.
  3. Despite stable figures year-on-year, the volume of rail passenger journeys was 8% lower than in Q3 2019.

Insights: The notable drop in freight transport signals potential shifts in economic activities or logistical preferences during the specified quarter. The stability in passenger travel, albeit at a lower volume compared to 2019, suggests resilient demand amid prevailing circumstances.