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Just Released: "Hungary Freight Transport Report Q1 2014"


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2014-01-26 16:28:38 - New Transportation research report from Business Monitor International is now available from Fast Market Research

Hungary - Q1 2014

Following a year in which BMI believes saw freight volumes increase slowly, 2014 will signal further growth across the whole freight transport sector in line with our macroeconomic forecasts for the country. Total trade is projected to pick up with our Country Risk desk forecasting a y-o-y increase of 2.17% in 2014 following an estimated growth of 2.15% in 2013.

Road freight is to continue to dominate the sector and is projected to grow by 1% in 2014. To the end of our forecast period to 2018, we expect the sector to defy the EU pledges of a decrease in road haulage across the region. That is not to say, however, that road freight's market share is completely

safe.

BMI notes that rail is the likeliest candidate in Hungary's freight transport mix to benefit from any diversification away from road, following the government of Hungary decided to construct a 113km railroad to reduce freight transit times across the country from the present four to five days to one day by 2018.

Full Report Details at
- www.fastmr.com/prod/763966_hungary_freight_transport_report_q1_2 ..

Headline Industry Data

* 2014 Air freight tonnage is expected to grow by 1.6%
* 2014 Rail freight is forecast to grow by 1.7%
* 2014 Road freight is forecast to grow by 1.0%
* 2014 Inland waterway freight is forecast to grow by 0.7%
* 2014 Total real trade growth is forecast at 2.2%

Key Industry Trends

RCH Introduces Wagon Fees for Macedonia and Albania - Rail Cargo Hungaria (RCH) from September 2013 introduced a wagon usage fee of EUR150 per wagon for transport to and beyond Macedonia and also to Albania. According to the company, it was 'forced' to impose such restrictions.

TX Logistik Tests Trains Service to Hungary - German rail transport company TX Logistik has tested a through train service to Hungary in August 2013. The route connects the Audi car plant in Gyor and Volkswagen's location in Salzgitter.

BILK Kombiterminal Joins InlandLinks Network - Budapest Intermodal Logistics Centre (BILK) Kombiterminal has been marked as the first Hungarian terminal to join the InlandLinks network. The network now includes nearly 40 terminals in the Netherlands, Belgium, Germany, Poland, Italy and Hungary.

Eurogate and ICE Complete the Acquisition of Floyd - Germany-based Eurogate Intermodal, through its 100% subsidiary EGIM, and Hungary-based ICE Holding have acquired the remaining 26% shares in the rail freight operator Floyd, for an undisclosed sum. Floyd will keep its focus on international operations from Hungary to Austria, the Czech Republic, Germany, Poland, Romania, Slovakia, Slovenia and the Benelux countries.

Risks To Outlook

The Hungarian economy will continue on a gradual path to recovery, bolstered by an improving export story. Key trading partners in Central Europe are set to increase import demand in 2014 and 2015, as is Germany, Hungary's largest single export destination, creating upside risks to our forecast for the country's freight transport sector.

The major downside risk for freight operators' volumes in Hungary is slower than expected recovery in the eurozone economy, which would have a major knock-on effect on Hungarian economic activity and the likely slowing in growth of the country's exports, with Hungary's top trade partners located in Europe.

Hungary's role as a conduit for freight transport, with a number of pan-European transport corridors crossing the country, is also exposed. Any slowdown or decline in European trade volumes would negatively affect freight volumes in Hungary and hit the country's freight transport operators.

Report Table of Contents:

The table of contents for this report is available upon request.

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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