Following a year which saw increasing volumes across Romania's freight transport sector, we believe 2015 will signal further growth in line with the country's macroeconomic outlook.
Total trade is projected to pick up with our Country Risk desk forecasting a year-on-year (y-o-y) increase of 6% in 2015, following an estimated growth of 6.5% in 2014.
Road freight will continue to dominate the sector, with growth of around 2% projected for 2015. The mode did not manage to defy the downturn, but so far appears to have defied European Union (EU) pledges to cut road haulage across the region - that is not to say, however, that the road freight's market share is necessarily safe.
BMI notes that rail is the likeliest candidate in Romania's freight transport mix to benefit from any diversification away from road, although currently it is expected to grow at a slower pace. In the longer term the mode might benefit from the privatisation of Romania's national rail freight company CFR Marfa.
Full Report Details at
- http://www.fastmr.com/prod/924270_romania_freight_transport_report_q1_2015.aspx?afid=301
Headline Industry Data
* 2015 Air freight is expected to grow by 3.6%
* 2015 Rail freight is forecast to grow by 2%
* 2015 Port of Constantza throughput is forecast to grow by 5.4%
* 2015 Road freight is forecast to grow by 2.3%
* 2015 Inland waterway freight is forecast to grow by 1.7%
* 2015 Total real trade growth is forecast at 6%.
Key Industry Trends
Constantza to Keep Europe's Grain Hub Role - Cargill Inc and its joint-venture partner Transport Trade Services (TTS) have completed their EUR15mn investment project in Canopus Star, a grain terminal at the port of Constantza, Cargill announced at the end of August 2014. As a result of the project starting in July 2013, the terminal's operational capacity for grains was boosted from 50,000 to 110,000 tonnes, as the port expected to post another yearly increase in grain handling.
Cargus International and Urgent Curier to Merge- Two courier service companies - Cargus International and Urgent Curier - both owned by investment fund Abris...
The Romania 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 Romania Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Romanian freight transport and logistics industry.
Key Benefits
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Report Published: "Romania Freight Transport Report Q1 2015"
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001