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Home > Business/Finance > Diversified Services > Shipping & Logistics
Mexico Freight Transport Report Q1 2008
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Mexico will build three new airports serving beach resorts and construct thousands of miles of new roads
as part of a US$37bn transport facelift launched on July 20 2007. The five-year public-private
infrastructure package also includes upgrades for sea ports and Mexico's creaking railway network.
Unveiling the ambitious plan, President Felipe Calderón said new airports would be built at the growing
tourist regions at the Sea of Cortes and Ensenada on the Pacific, and at the Riviera Maya, south of the
Caribbean resort of Cancun. Another 31 airports will be expanded, including those at Cancun and Toluca,
an industrial city close to the capital, Calderón said. Transport Minister Luis Tellez said the package
envisaged investments of MXN287bn (US$26bn) in highways, the first major road building plan in more
than 12 years. The infrastructure drive also includes expected investments of MXN49bn (US$4.6bn) in
railways and MXN71bn (US$6.6bn) in ports over the next five years. BMI’s newly released Mexico
Freight Transport Report notes that Calderón will encourage continuing growth in trade with the US and
Canada - Mexico’s North America Free Trade Agreement (NAFTA) partners - and has specifically
committed himself to boosting highway construction across the country. There are also signs that despite
delays Mexican trucking companies will eventually get access to the US market. We are forecasting
average annual road haulage growth in 2007-2011, measured in million-tonne km (mntkm), of 4.2%.
Maritime freight growth twill average 4.3% per annum (not least due to the increased movement of cargo
through Mexican ports to avoid congestion in US ports). Over all modes, Mexican freight growth will
average 5.0% in 2007-2011, ahead of GDP expansion of 3.6% a year. BMI concludes that the value of
the Mexican transport and communications will rise to US$123.2bn by 2011, representing 11.5% of the
country’s total GDP.
During the presidential election campaign Calderón promised to invest in building a more extensive
highway network across the country and developing tourism. He also spoke of trying to emulate the big
transport infrastructure investment surges in European economies like Ireland and Spain, which in his
view underpin their current strong growth rates. 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 business environment score at 43 (out of a maximum of 70). This is one of the highest
scores among the major Latin American freight markets that we cover, and is also comfortably above the
regional average, which stands at 38.9.
We predict that the total value of transport and communications GDP will rise to US$123.2bn in nominal
terms by 2011, representing 11.5% of Mexico’s GDP. The transport and communications sector
employed 1.89mn people, or 4.6% of the labour force, in 2006. We see that figure rising to 2.01mn by
2011, although as a proportion of the labour force it will remain constant at 4.6%.
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