New market study, "South Korea Freight Transport Report Q1 2015", has been published

From: Fast Market Research, Inc.
Published: Mon Jan 19 2015


Global economic headwinds that continue to circle are set to weigh on export growth and, therefore, adversely affect South Korea's freight industry over the short term. The South Korean freight modes are set to register steady if uninspiring growth in 2015 as a result.

Meanwhile, we believe the larger budget will result in fiscal strain in the short term as the government has projected revenues of 3.6% growth year-on-year (y-o-y) to grow at a slower rate than expenditure increases of 5.7% y-o-y. While we expect the Korean economy to grow at a slightly faster rate next year, our forecast of 3.6% real GDP growth remains below consensus of 3.8% growth.

The South Korean road freight sector is once more set to be the outperformer in terms of mode in y-o-y growth at 4.00% in 2015. Rail and air freight will see slightly lower gains this year (3.15% and 2.26% respectively), while the port of Busan will outperform domestic peer Incheon in tonnage throughput terms (5.50% compared to 2.00%).

Full Report Details at
- http://www.fastmr.com/prod/944746_south_korea_freight_transport_report_q1_2015.aspx?afid=301

Headline Industry Data

* 2015 air freight tonnage throughput forecast to increase by 2.26%.
* 2015 rail freight tonnage throughput forecast to grow by 3.15%.
* 2015 road freight tonnage throughput forecast to rise by 4.00%.
* Total trade (imports plus exports) is set to grow by 4.05% in real terms in 2015.
* The port of Busan will see gross tonnage growth increase by 5.50% in 2015.
* The port of Incheon is forecast to see gross tonnage growth of 2.00% in 2015.

Key Industry Trends

NOL Acquisition Interests CJ Korea Express : CJ Korea Express is toying with the idea of purchasing NOL's logistics business, International Shipping News reported in October 2014. The news source also quoted Jon Windham, an analyst at Barclays Plc in Hong Kong, as asserting: 'The logistics business has been a consistent profit generator.' APL Logistics could net NOL in the region of USD1bn if it is sold in its entirety.

Asiana Takes Delivery Of First 747-8 Freighter: South Korea's Asiana Airlines...

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

Key Benefits

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
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