|
|
Home > Business/Finance > Diversified Services > Shipping & Logistics
Romania Freight Transportation Report Q2 2008
|
|
Germany’s Deutsche Bahn (DB) rail company said in December 2007, it was considering expansion intoRomania as a result of the country’s railway privatization programme. Norbert Bensel, head of DB’slogistics unit, said he expected Romania’s state-owned logistics and rail freight units to be sold for underEUR100mn (US$144mn). Government officials hope for rather higher figures. DB said it was seeking toplay an active role in the consolidation of the European rail freight industry, because the passengerbusiness was still heavily regulated and was showing slower rates of growth. In our latest RomaniaFreight Transport Report, BMI predicts that rail freight will grow at a satisfactory rate in the country, withtraffic rising by an average of 4.1% every year in the 2008-2012 period.
Various factors support this prediction. The Romanian economy is itself set to grow at an average rate of5.1% over the next five years, and demand for freight transport will be on the rise. Thanks to EUmembership from the beginning of 2007, there is no shortage of funds on offer from Brussels forinfrastructure development. The credits have been rolling in and some EUR5bn in EU transportinvestment is expected over the next six-year period. Closer integration with the wider Europeaneconomy will be important, with trade growing strongly and physical links to the main Europeantransport corridors opening up. We are predicting average annual growth in freight carried across allmodes, measured in mntkm, of 7.7% in 2008-2012, ahead of GDP growth. As competition begins toincrease and investments take effect, rail freight traffic should pick up. Road haulage will surge ahead byan annual average of 9.1%. Inland waterway traffic will rise by an annual average of 6.1% as bottlenecksare removed from the Danube. Maritime freight will grow by an annual average of 5.6%. Airfreight willsee growth of an annual average of 7.1%, boosted by the spread of low-cost airlines across Europe. Thetotal value of transport and communications GDP will rise to US$33.2bn in nominal terms by 2012,representing 11.2% of Romania’s GDP. The transport and communications sector employed 457,100people, or 5.0% of the labour force in 2007. We see that figure rising to 474,200 by 2011, although it willremain constant at 5.0% as a share of the total workforce.
Romania has a composite score of 63.4 out of 100 for its BMI freight transport business environmentrating. This places it in the upper range among its European peers. The country scores well for long-termpolitical risk, transport infrastructure growth and transport intensity (an indicator of the dynamism offoreign trade). It does less well, however, in areas such as long-term economic risk and the regulatory andcompetitive environments.
|
Similar Products
• Conference Documentation: Defence Logistics
Published Nov 2008 by SMI Publishing, Ltd
• Israel Freight Transport Report Q4 2008
Published Nov 2008 by Business Monitor International
• Rail Freight in France
Published Nov 2008 by Datamonitor
• Rail Freight in Asia-Pacific
Published Nov 2008 by Datamonitor
• Rail Freight in Belgium
Published Nov 2008 by Datamonitor
• Rail Freight in Canada
Published Nov 2008 by Datamonitor
• Rail Freight in Japan
Published Nov 2008 by Datamonitor
• Rail Freight in Germany
Published Nov 2008 by Datamonitor
• Rail Freight in Europe
Published Nov 2008 by Datamonitor
• Rail Freight in Italy
Published Nov 2008 by Datamonitor
|
|
|
|
0 items
