Just Published: "Mexico Freight Transport Report Q3 2014"

New Transportation research report from Business Monitor International is now available from Fast Market Research

[USPRwire, Mon Jul 28 2014] After Mexico's real GDP growth came in at 1.1% in 2013, below our initial 1.6% estimate, we have revised our 2014 growth forecast. We now forecast real GDP to expand by 3.3% in 2014, compared to 3.5% previously. We have upgraded our 10-year average real GDP growth from 3.8% to 4.1%, following the passage of energy sector reform, which we expect will garner significant foreign investment in the coming years. We remain optimistic toward Mexico's long-term growth outlook on the back of a booming manufacturing sector, an increasingly strong private consumer and favourable demographics.

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The latest release of GDP data show that manufacturing in Mexico grew 2.9% year-on-year (y-o-y) during the third quarter of 2013. In addition to favourable data out of the US, Mexico's key export market, we note that autos manufacturers Chrysler and Nissan have indicated plans to expand manufacturing capacity at their plants in Mexico. The passage of energy sector reform will bolster sentiment towards Mexican assets and contribute to stronger real GDP growth in the coming years.

Headline Industry Data

* Air freight tonnes forecast to grow 3.6% in 2014, to reach 107.9mn tonnes.
* Road freight tonnes forecast to grow 2% in 2014, to reach 515.6mn tonnes.
* Rail freight tonnes forecast to grow 4.5% in 2014, to reach 117.018mn tonnes.
* Port of Manzanillo total tonnage growth in 2014 is estimated to hit 6.2%, to reach 30.5mn tonnes.

Key Trends And Developments

Shipowners Warned Of Drug Cartel Presence At Mexican ports: Shipowners, charters and traders have been warned to check iron ore export cargoes from Mexico are 'legally safe' due to the believed involvement of drug cartels in the country's mining industry. BMI notes that last year in response to increased criminal activity the Mexican navy took control of two major ports; Manzanillo and Lazaro Cardenas, located in the states Colima and Michoacán respectively.

Lazaro Cardenas To Receive Major Investment: As part of...

The Mexico Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.

Business Monitor International (BMI)'s Mexico Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Mexican freight transport and logistics industry.

Key Benefits

* Benchmark BMI's independent freight transport industry forecasts on Mexico to test other views - a key input for successful budgetary and planning in the strategic freight transport market.

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