Naperville, IL -- (SBWIRE) -- 06/16/2014 -- Reportstack, provider of premium market research reports announces the addition of Hungary Freight Transport Report Q3 2014 market report to its offering
Following a year in which BMI believes saw a recovery begin in most of Hungary's freight transport
modes, 2014 will signal further growth across the whole industry in line with the country's improving
Total trade is projected to perform relatively well with our Country Risk desk forecasting a year-on-year (yo-
y) increase of 5.14% in 2014, following slightly better growth of 5.28% in 2013.
Road freight is set 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 European Union (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
BMI notes that rail is the likeliest candidate in Hungary's freight transport mix to benefit from any
diversification away from road, after 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.
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