DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/35cc40/argentina_freight) has announced the addition of the "Argentina Freight Transport Report Q1 2012" report to their offering.
Private consumption grew 11.3% year-on-year (y-o-y) in Q111 and is set to remain a key driver of economic growth, ensuring demand for imports of containerised goods. However, as BMI have repeatedly noted in recent months, this trend is less reflective of strong economic fundamentals but more the government's continued fiscal support to household incomes. As consumers have little incentive to save because of the country's soaring inflation, with inflation expectations for June 2011 averaging 32.5%, significantly higher than INDEC's 9.7% May 2011 estimate, this trend is likely to continue supporting growth, boding well for containerised imports in the short term, but further exacerbating the economy's inflationary woes.
Headline Industry Data
- Total volume at the Port of Buenos Aires is set to rise by 4.7% in 2012 to reach 13mn tonnes. Box handling at the same port will also grow by 4.7% to 1.2mn TEUs.
- Air freight volume growth is set to grow by 5.0% to 175,100 tonnes in 2012, with average annual growth of 4.2% during their forecast period.
- Rail freight hauled in 2012 will grow by a modest 2% to 22.70mn tonnes, with average annual growth of 2% during their forecast period.
Argentina Intervenes To End Strike
Industrial action that paralysed river traffic for 16 days between Paraguay and Argentina ended on 10 September 2011 after intervention by Argentina's employment ministry. The strike began on 26 August, instigated by SOMU, the Argentine seaman's and dockworker's union. SOMU sought to force Argentine ship operators doing business in Paraguay to recognise the union's affiliate in that country: SOMU-PA.
Companies Mentioned:
- Amrica Latina Logstica (ALL)
- Aerolneas Argentinas
- Agunsa
- Ultrapetrol
For more information visit http://www.researchandmarkets.com/research/35cc40/argentina_freight