New Transportation research report from Business Monitor International is now available from Fast Market Research
[ClickPress, Wed Oct 15 2014] Following a year in which BMI believes saw increasing volumes in all of the Hungary's freight transport modes, 2014 will signal further growth across the whole sector, as the country's economic outlook continues improving.
Total trade is projected to pick up with our Country Risk desk forecasting a year-on-year (y-o-y) increase of 5.09% in 2014 following a growth of 5.28% in 2013.
Road freight is to continue to dominate the sector and is projected to grow by 1% in 2014. To the end of our forecast period to 2018, we expect the sector to defy the European Union (EU) pledges of a decrease in road haulage across the region. That is not to say, however, that road freight's market share is completely safe.
Full Report Details at
BMI notes that rail is the likeliest candidate in Hungary's freight transport mix to benefit from any diversification away from road, after the government of Hungary decided to construct a 113km railroad to reduce freight transit times across the country from the present four to five days to one day by 2018.
Headline Industry Data
* 2014 air freight is expected to grow by 3.2%
* 2014 rail freight is forecast to grow by 1.8%
* 2014 road freight is forecast to grow by 1.0%
* 2014 inland waterway freight is forecast to grow by 1.8%
* 2014 total real trade growth is forecast at 5.1%.
Key Industry Trends
DB Schenker Logistics Concludes Integration Of Corporate Activities In Hungary : DB Schenker Logistics consolidates its offices and facilities in the Budapest region with the move to a new site by the end of 2014. From then, all land transport, air and ocean freight as well as contract logistics and trade fair forwarding services will be placed in one corporate office in the Hungarian capital Budapest. Prior the integration, activities were partially managed in independent joint ventures (JVs) with the Masped Group.
Emirates SkyCargo To Offer Capacity To And From Budapest : Emirates announced it will commence services to Hungary from October this year with a daily...
The Hungary 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 Hungary Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Hungarian freight transport and logistics industry.
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