Hong Kong Freight Transport Report Q4 2014: New research report available at Fast Market Research

From: Fast Market Research, Inc
Published: Tue Nov 04 2014

Following a year of increasing volumes in all freight modes but one, 2014 will signal further mixed growth dynamics across Hong Kong's freight transport sector and new historic high freight volume levels in a number of the modes.

US demand is set to continue recovering in 2014, while eurozone we believe will only return to the path of recovery. Development in both major economies will have a positive effect on throughput at Hong Kong's port, which caters as a container shipping hub for Asia, and also the country's air freight volumes, with Hong Kong boasting the busiest cargo airport globally.

The port of Hong Kong is forecast to demonstrate growth both in tonnage and box throughput in 2014, after its performance was hindered by a forty day strike at the port in 2013. Although up until 2012 it was managing to weather the competition from the development of Shenzhen as China's second largest container port and despite the close proximity of the two facilities was managing to retain its lead, Hong Kong is now lost it to Shenzhen, which, BMI believes, also had its container throughput bolstered as a result of the Hong Kong 2013 strike, as some shippers re-routed there to avoid the industrial action. We, however, also highlight that the port of Hong Kong has long-term expansion plans in place to ensure it remains among the world's top ports.

Full Report Details at
- http://www.fastmr.com/prod/888071_hong_kong_freight_transport_report_q4_2014.aspx?afid=301

Hong Kong's air freight volumes are forecast to continue increasing in 2014, while decline is expected to remain in the country's road freight volumes.

Headline Industry Data

* 2014 Air freight is expected to grow by 6%
* 2014 Port of Hong Kong throughput is forecast to grow by 5%
* 2014 Road freight is forecast to decrease by 5%
* 2014 Inland waterway freight is forecast to grow by 6.3%
* 2014 Total real trade growth is forecast at 3.9%.

Key Industry Trends

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The Hong Kong 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 Hong Kong Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Hong Kong freight transport and logistics industry.

Key Benefits

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