Eurotunnel On Track Amid Freight Truck Boost

Channel Tunnel operator Eurotunnel has kept its revenue rise on track, driven by a rise in shuttle train usage by trucks.

Eurotunnel Group said income for the first quarter topped €260m (£220m), up 8% on the same period last year.

It said the increase included a 5% rise in revenue from shuttle train service, reaching €106.5m (£89m) in the first three months of the year.

Freight vehicle numbers rose 4% to 347,000 in Q1, while car shuttle usage was lifted by 1% to 448,000.

It also saw a 13% surge in so-called through freight trains, operated by third parties, to 706 in the period.

But it said passenger coach numbers were down by 6%, which was because of this year's late Easter break.

Groupe Eurotunnel chairman and chief executive Jacques Gounon said: "There is a very positive trend marking the start of the year. The upturn in the UK economy is lifting the Eurotunnel Group's activity."

A Eurostar train exits on the France side of Eurotunnel's undersea link

In December, Eurotunnel successfully appealed against an competition ruling stopping it from also running ferries between Calais and Dover.

More than 50% of all cross-Channel travel is now done via the 31-mile undersea link, which was opened in 1994.

On Wednesday, cross-Channel train service Eurostar reported a 7% increase in Q1 revenue, boosted by a rise in business travellers.

Sales between January and March topped £227m, as the record income for the period.

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