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Source: PR Inside
Mexico Freight Transport Report Q2 - a new market research report on companiesandmarkets.com
www.companiesandmarkets.com/Summary-Market-Report/Mexico-Freight ..
In late 2008, the Guaymas expansion project was announced by Mexico´s Secretariat of Communications and Transport. The tendering process will be overseen by the Administración Portuaria Integral de Guaymas. The tender is for construction and operation of a container terminal at the port. The submission date for bids will be March 6 2009 and the project will be awarded on
March 20. The new terminal is to be completed in 2010, and will be capable of handling 100,000 containers, with the possibility of future expansion. A lot of activity is currently underway in Mexico´s Pacific coast port sector. In the preceding months, two other major port projects were announced. In August, Mexican President Felipe Calderón opened the bidding for the planned US$4bn mega port at Punta Colonet. In September, the Port of Manzanillo announced plans to increase its operational capacity after SSA México, a unit of the USbased container ports company Stevedoring Services of America, announced a plan to invest US$105mn to add new gantry cranes. These investments in Mexico´s port sector will aid the country´s import and export capabilities, as Mexico relies on its maritime sector to ship a significant proportion of total freight carried. We believe that the other main reason for Mexico´s Pacific coast port expansion is a bid to capture some of the US´ Asian imports, particularly from China. In recent years US west coast ports have had congestion problems, leading to the idea that Mexican ports could serve as a transit hub to ease the pressure on US ports. Chinese goods would be shipped to Mexico and then loaded onto rail or road for their journey to the US. BMI points out that the Port of Guaymas is ideally placed to be such a hub, as it is just 258 miles from the nearest border crossing point, Nogales in Arizona, although we note that work needs to be undertaken to improve road and rail routes between Mexico and the US. However, some may fear that Mexico has jumped on the bandwagon too late. The economic downturn in the US has led to a fall in the volume of imports that the US is demanding from China. This has led to reduction in the number of ships – and thus cargo – calling at the US´ main west coast ports. Both the Ports of Long Beach and Los Angeles saw a drop in the amount of inbound container traffic that they are handling in 2008, compared with 2007.
BMI’s newly released Mexico Freight Transport Report notes that with improving intermodal links we are forecasting average annual maritime freight growth of 3.1% per annum (due in part to the increased movement of cargo through Mexican ports to avoid congestion in US ports). Over all modes, Mexican freight growth will average 3.7% in 2009-2013, ahead of GDP expansion of 3.1% a year. BMI concludes that the value of the Mexican transport and communications sector will rise to US$166bn by 2013, representing 11.5% of the country’s total GDP.
During the presidential election campaign in 2006, Calderón spoke of trying to emulate the big transport infrastructure investment surges in European economies like Ireland and Spain, which in his view supported their strong growth rates in the first half of this decade. BMI rates Mexico’s regulatory and competitive environments highly in relation to other regional markets. In this report, in fact, we set the country’s overall freight rating score at 46.1 (out of a maximum of 100).
The transport and communications sector employed 1.90mn people, or 4.6% of the labour force, in 2008.
We see that figure rising to 1.98mn by 2013, although as a proportion of the labour force it will remain constant at 4.6%.
www.companiesandmarkets.com/Summary-Market-Report/Mexico-Freight ..
In late 2008, the Guaymas expansion project was announced by Mexico´s Secretariat of Communications and Transport. The tendering process will be overseen by the Administración Portuaria Integral de Guaymas. The tender is for construction and operation of a container terminal at the port. The submission date for bids will be March 6 2009 and the project will be awarded on
March 20. The new terminal is to be completed in 2010, and will be capable of handling 100,000 containers, with the possibility of future expansion. A lot of activity is currently underway in Mexico´s Pacific coast port sector. In the preceding months, two other major port projects were announced. In August, Mexican President Felipe Calderón opened the bidding for the planned US$4bn mega port at Punta Colonet. In September, the Port of Manzanillo announced plans to increase its operational capacity after SSA México, a unit of the USbased container ports company Stevedoring Services of America, announced a plan to invest US$105mn to add new gantry cranes. These investments in Mexico´s port sector will aid the country´s import and export capabilities, as Mexico relies on its maritime sector to ship a significant proportion of total freight carried. We believe that the other main reason for Mexico´s Pacific coast port expansion is a bid to capture some of the US´ Asian imports, particularly from China. In recent years US west coast ports have had congestion problems, leading to the idea that Mexican ports could serve as a transit hub to ease the pressure on US ports. Chinese goods would be shipped to Mexico and then loaded onto rail or road for their journey to the US. BMI points out that the Port of Guaymas is ideally placed to be such a hub, as it is just 258 miles from the nearest border crossing point, Nogales in Arizona, although we note that work needs to be undertaken to improve road and rail routes between Mexico and the US. However, some may fear that Mexico has jumped on the bandwagon too late. The economic downturn in the US has led to a fall in the volume of imports that the US is demanding from China. This has led to reduction in the number of ships – and thus cargo – calling at the US´ main west coast ports. Both the Ports of Long Beach and Los Angeles saw a drop in the amount of inbound container traffic that they are handling in 2008, compared with 2007.
BMI’s newly released Mexico Freight Transport Report notes that with improving intermodal links we are forecasting average annual maritime freight growth of 3.1% per annum (due in part to the increased movement of cargo through Mexican ports to avoid congestion in US ports). Over all modes, Mexican freight growth will average 3.7% in 2009-2013, ahead of GDP expansion of 3.1% a year. BMI concludes that the value of the Mexican transport and communications sector will rise to US$166bn by 2013, representing 11.5% of the country’s total GDP.
During the presidential election campaign in 2006, Calderón spoke of trying to emulate the big transport infrastructure investment surges in European economies like Ireland and Spain, which in his view supported their strong growth rates in the first half of this decade. BMI rates Mexico’s regulatory and competitive environments highly in relation to other regional markets. In this report, in fact, we set the country’s overall freight rating score at 46.1 (out of a maximum of 100).
The transport and communications sector employed 1.90mn people, or 4.6% of the labour force, in 2008.
We see that figure rising to 1.98mn by 2013, although as a proportion of the labour force it will remain constant at 4.6%.
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