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    TOM2   NL0013332471

TOMTOM NV

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TomTom : Pandemic cut traffic congestion in most countries last year -report

01/12/2021 | 06:01pm EST

NEW YORK/LONDON, Jan 12 (Reuters) - Coronavirus-induced lockdowns caused annual traffic congestion to fall in most countries for the first time in at least 10 years, disrupting long-held traffic patterns like the dreaded morning commute to work, a report released on Tuesday showed.

Congestion declined sharply on the gridlocked roads of crowded cities, including Los Angeles, Bengaluru and Mexico City in 2020, location technology company TomTom said. The pandemic is expected to weigh again on traffic congestion this year, said Nick Cohn, TomTom's senior traffic expert.

"We're going to see continued restrictions through the first half of the year, and I think we're going to see a lot of ups and downs before we're really getting back to any normal driving patterns and traffic activity levels," Cohn told Reuters in an interview.

TomTom's report is based on data from 416 cities in 57 countries. It has published its traffic index for 10 years.

The downturn in congestion in the United States was more prolonged compared with Europe last year because U.S. coronavirus cases stayed relatively high during the summer and early fall, Cohn said.

In the United States, Los Angeles, New York and Miami were the most congested cities, though traffic in each city dropped from 2019 levels by 36%, 30% and 26%, respectively, TomTom data showed.

Overall, Moscow was the most congested city in 2020, but traffic fell 8% from 2019. Bengaluru was the most-congested city in the world in 2019, but it fell to sixth in 2020 with nearly a 30% of drop in traffic year-on-year.

Traffic in London and Paris was almost 20% lower than in 2019, and traffic in Madrid and Rome dropped 35% and 29%, respectively. Berlin experienced only a 6% traffic fall compared with 2019.

Traffic patterns like the daily morning commute to work - a mainstay for decades - could shift because of increased flexibility around remote work for employees, Cohn said.

"In the U.S., Canada and Mexico, if you look at peak travel patterns, the morning peak seems to have melted away," he said. "We have never seen that before."

Traffic congestion during rush hours last year decreased by 25% globally, said Stephanie Leonard, TomTom's head of traffic innovation and policy.

As more people return to office following vaccine distributions, congestion levels could rise if commuters choose to avoid public transit and drive to office instead, said John Kilduff, partner at Again Capital LLC in New York. (Reporting by Stephanie Kelly in New York and Bozorgmehr Sharafed in London; Editing by Dan Grebler)


ę Reuters 2021
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Sales 2021 510 M 576 M 576 M
Net income 2021 -71,7 M -81,0 M -81,0 M
Net cash 2021 287 M 324 M 324 M
P/E ratio 2021 -14,2x
Yield 2021 -
Capitalization 968 M 1 092 M 1 094 M
EV / Sales 2021 1,34x
EV / Sales 2022 1,18x
Nbr of Employees 4 477
Free-Float 46,0%
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Harold Goddijn Chief Executive Officer
Taco Titulaer Chief Financial Officer
Derk Johan Haank Chairman-Supervisory Board
Charles W. Davies Group Chief Technology Officer
Jacqueline A. Tammenoms Bakker Deputy Chairman-Supervisory Board
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