Fast Market Research recommends "Egypt Freight Transport Report Q2 2013" from Business Monitor International, now available

Boston, MA -- (SBWire) -- 05/15/2013 --Political uncertainty will continue to affect the Egyptian economy in 2013 as the country continues on its rocky transitional period towards democracy. This uncertainty will, in turn, continue to affect the freight transport sector as a worsening economic position will impact on the country's demand for cargo transportation, either as a result of muted private consumption or a lack of significant infrastructure projects as foreign direct investment dries up. As a result, our forecasts for the Egyptian rail and air freight, and the ports sector are largely sedate, though the transhipment hub of East Port Said - less reliant on domestic demand - is expected to outperform.

View Full Report Details and Table of Contents

Headline Industry Data

- Air freight handled at Cairo International Airport is set to grow by 3.5% year-on-year in 2013 to reach 307,360 tonnes. Over the medium term to 2017, growth will average 3.5% per annum.
- Rail cargo will enjoy expansion of 1.8% in 2013, with growth projected to average 1.7% over the medium term.
- Total tonnage throughput at East Port Said is forecast to grow by 8.9% to 32.33mn tonnes in 2013, and to average 10.4% per annum to 2017.
- Real growth in total trade is forecast at 6.2% in 2013.

Key Industry Trends

Workers Resume Operations At Ain Al-Sokhna Terminal: Operations at the Ain Al-Sokhna Terminal in the Egyptian Port of Sokhna resumed in November following a strike. Reports claimed that more than 2,700 port workers started a strike on October 12, which had affected the country's economy. The workers were demanding the reinstatement of eight co-workers who were fired for disciplinary reasons.

Suez Canal's Revenue Up 4% In December 2012: Egypt's Suez Canal recorded a 4% month-on-month (m-o-m) increase in revenue to US$424.6mn in December 2012, compared with US$407.7mn in November 2012, reported Reuters, citing the state information portal. The canal's revenue stood at US$443.7mn in December 2011.

Egyptian Shipping Companies Braced For Cost Increases: Shipping companies in Egypt are expecting the cost of both shipping and insuring imports to increase. The prospective increase has been attributed to international credit ratings agency Standard & Poor's decision to downgrade Egypt's credit rating to a Bdown from its prior B rating.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Transportation research reports at Fast Market Research

You may also be interested in these related reports:

- Australia Freight Transport Report Q2 2013
- Belgium Freight Transport Report Q2 2013
- United Arab Emirates Freight Transport Report Q2 2013
- Argentina Freight Transport Report Q2 2013
- Poland Freight Transport Report Q2 2013
- Malaysia Freight Transport Report Q2 2013
- Vietnam Freight Transport Report Q2 2013
- Russia Freight Transport Report Q1 2013