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Recently released market study: Israel Freight Transport Report Q1 2011

New Transportation market report from Business Monitor International: "Israel Freight Transport Report Q1 2011"

 
PRLog - Jan. 4, 2011 - In late July 2010, the Central Bureau of Statistics revised down GDP growth to 3.4% for the first quarter of 2010, from a previous estimate of 3.6%. Israel's GDP grew at a rate of 4.4% in the fourth quarter of 2009, and grew at a rate of 3.9% in the third quarter of 2009. The Bank of Israel revised downward the index for April and May to zero for each month, from gains of 0.1%. The combined state of the economy index for June shows an increase of 0.1% in June 2010, this indicates slow economic growth. These figures show that the economic recovery in Israel was on hold for the first part of the year and that the Israeli freight transport companies cannot rely on an immediate recovery in the economy to turn their businesses around. Most economists think that growth in Israel will slow down for the rest of the year due to Europe's debt crisis and a slower US economy. Europe and the US are Israel's main export markets, and economic troubles in those markets impact Israeli exports, which account for around 45% of GDP.

Zim Integrated Shipping Services was badly hit by the economic crisis in 2009 suffering a loss of US$186mn in Q209, which turned into a net profit of US$3mn in the same period in 2010. Zim's revenues in Q210 increased by 72% year-on-year (y-o-y), reaching US$933mn. Zim capitalised on this reversal of fortunes by launching new services to emerging markets in Asia such as Vietnam.

El Al Israel Airlines posted a 245% increase in its third quarter net profit as passenger and cargo revenue rose. Net profit in the quarter increased to US$42.5mn from US$12.3mn a year earlier. Revenue rose 13% to US$561.2mn on higher passenger traffic and an increased yield per passenger per kilometre. Cargo revenue grew 34%. Net profit was also boosted by a decline in financing expenses. In 2009, El Al was hit by the global financial crisis, a moribund cargo market and lower fares.

BMI is predicting real growth in total trade of 8.8% for 2010 and export growth of 10%. The main port of Haifa is expected to have growth of 5.5%, while Ashdod will spring back with 24.7% growth. Airfreight is expected to recover with a 13.9% growth rate. This is solid progress compared with the contraction of - 17.6% for airfreight in 2009 and a fall of throughput of -12.7% at Haifa and -5.9% at Ashod. The main risk to this recovery is that four of Israel's main trading partners are in the euro zone and an increased economic crisis in these countries would badly hurt Israel's recovery.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/106420_israel_freight_transpor...


Report Table of Contents:

Executive Summary
SWOT Analysis
- Israel Freight Transport Industry SWOT
- Israel Political SWOT
- Israel Economic SWOT
- Israel Business Environment SWOT
Market Overview
Industry Trends And Developments
- Logistics
- Air
- Maritime
- Rail
- Road
Global Oil Products Price Outlook
- Table: Oil Product Price Assumptions 2010 (US$/BBL)
- Table: Oil Product Price Forecasts (US$/BBL)
Industry Forecast
- Air Freight
- Table: Air Freight, 2007-2015
- Maritime Freight
- Table: Maritime Freight, 2007-2015
- Rail Freight
- Table: Rail Freight, 2007-2015
- Trade
- Table: Trade Overview, 2007-2015
- Table: Key Trade Indicators, 2007-2015
- Table: Main Import Partners, 2002-2008
- Table: Main Export Partners, 2002-2008
Company Profiles
- El Al Israel Airlines
- Zim Integrated Shipping
BMI Methodology
- How We Generate Our Industry Forecasts
- Transport Industry
- Sources

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 http://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 http://www.fastmr.com or call us at 1.800.844.8156.

# # #

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.

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Source:Fast Market Research
Phone:1.800.844.8156
Zip:01267
State/Province:Massachusetts - United States
Industry:Transportation, Automotive, Shipping
Tags:high-tech, al, freight, el, posted, slowed, trading, transport, cargo, mixed-low
Shortcut:prlog.org/11192624
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