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Market Report * Mexico - Freight Transport Report Q3 2010
Projected, a recovery for Mexico's freight transport sector in 2010 while remaining wary of a further slowdown in growth in 2011
(Brownsville,TX,USA / Matamoros,MEX: Video by Don Despain of Rekindle Photo: The border station between USA and Mexico. Cars, trucks and SUVs driving into Mexico. Arch bridge over Rio Grande river)
London,ENG,UK -Companies & markets/Official Wire -July 15, 2010: -- Q2/2010 saw hopes of an end to a long-running dispute between Mexico and the US after the latter's cancellation of a cross-border trucking programme between the two countries... Mexico's freight transport sector in 2009, suffered a heavy slump in volumes, largely as a result of a contraction in demand from the US market. The industry's fortunes have become increasingly aligned with the fortunes of its neighbour and largest export partner, which is currently the recipient of more than 80% of Mexican exports and the source of 50% of its imports... The country's port sector is expected to provide one of the industry's main growth stories this year. At Manzanillo port terminal, we project tonnage to grow by 18.2% to 21.56mn tonnes, offsetting the contraction by the same amount in 2009. And at Veracruz, growth is forecast at a slightly slower 12.3% year-on-year (y-o-y) which will see the port handle 16.03mn tonnes and reverse 2009's 7% contraction... Road freight, having contracted by 4.9% in 2009 is predicted to grow by 2.6% in 2010 to 208.8bn freight tonne-km. The recovery in Mexico's freight transport sector should be underpinned by a robust uptick in the country's total trade. This year, we forecast total trade to grow by 16.2% in volume terms with imports and exports set to increase by 16% and 16.5% respectively. The rate of growth in Mexico's trade is expected to slow from 2011 with an average annual growth of 6.6% projected over our 2011-2014 forecast period...
Labels: trucking markets prognosis
posted by Unknown @ 12:12 PM
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