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Chunnel's silver lining

14th July 2005, Page 9
14th July 2005
Page 9
Page 9, 14th July 2005 — Chunnel's silver lining
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EURO l'UNNEL BENEFITED from the chaos at the Port of Calais during the first half of the year. It handled 703,363 trucks; 9% more than the same period in 2004.

However, the Channel Tunnel operator says the increase in traffic also reflects the effectiveness of its new freight strategy.

In its latest trading update, for the first half of 2005, operating revenue was £268m; up 2% on the corresponding period in 2004. Shuttle revenue increased by 6%. By contrast, rail freight volumes through the Chunnel fell by 13% to 847,716 tonnes in the first six months of the year A Eurotunnel spokesman says the berth closures at Calais, which began when a loading ramp broke as two trucks left a ferry, have now largely been rectified. But he insists that the company's strategy to stop traditional ferry users using the Chunnel as an 'insurance policy' by tying them into contracts continues to pay off.

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