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Inland Freight Transport Growing Swiftly in Panama

Article Summary:

In recent years, the land freight sector in Panama has grown in volume, transporting more goods to many destinations in Central America, Mexico, and even in the U.S.

Photo Credit: Martes Financiero

Original Article Text From Martes Financiero via Google Translate :

THE WEIGHT OF AN INTERNATIONAL FREIGHT

The area of land freight transport in Panama has been growing in recent years. The load is becoming heavier. It has become a mainstay of the economy as it moves the load coming into the country to other destinations in Central America and even to Mexico and the United States. In general, the sector contributes 11.5% to gross domestic product (GDP). Only road freight accounts for 9.5% and going by land in the zones recorded 2%, according to the Ministry of Economy and Finance (MEF).

According to industry representatives, this is considered a very strong sector in the Panamanian economy, as is what moves the goods from one destination to other companies supplying and making delivery of goods to other countries. For President Logistics Business Council (Coel), Daniel Isaza, the sector has had a positive trend of continued growth in recent years. recognizes that local charge generation, exports of perishable goods and small industries have contributed positively to the sector and have grown the participation of transport, storage and communications by 13.7% in 2011, contributing to GDP 5,601.3 million, reveal figures from the Comptroller General of the Republic.

There is loads generated in the Free Zone of Colon, Panama-Pacific logistics parks, among others. And all this burden the local carriers move. Isaza acknowledged that all factors are combined to develop the land freight transport to Central America. The increase is visible. According to figures from the National Customs Authority (ANA), only in 2011 the movement of cargo through Paso Canoa border area with Costa Rica, was 9.3% compared to 2010 (See chart: Movement of trucks through Paso Canoa ).

A Despite this growth and the future that could have the sector, market players say there are still many challenges ahead. So Isaza clarifies that it is necessary to create a state policy that includes a vision and long-term , to create legal frameworks that ensure integrated logistics system in the public and private sectors. “We must improve infrastructure, access roads, roads to points of entry and exit from the country or the internal redistribution of the products. For developments that are occurring, some are limited because they do not allow for a smooth and proper handling and transport, which often results in time, cost of labor and fuel, “he explains.

Link to Original Article:

From Martes Financiero

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