Recently released market study: Czech Republic Freight Transport Report Q2 2011

New Transportation research report from Business Monitor International is now available from Fast Market Research
 
March 31, 2011 - PRLog -- BMI View

Following elections in October 2010, the centre-right Civic Democrat party (ODS) formed a coalition with the right-wing TOP 09 party and the centrist Public Affairs party (VV). Between them, the three parties hold 118 out of the 200 seats in the Czech parliament. BMI's view is that this means the centreright ruling coalition will moderate its fiscal austerity drive, but the other existing economic policies will continue. GDP growth is expected to be 3.2% over the medium term. Although the Czech economy has not suffered as much as its neighbours in the recession, high unemployment, low external demand and the need for fiscal austerity at home are still acting as limiting factors holding back economic growth. The Czech freight industry has a central location between East and West Europe which should give it benefits as a logistics centre. Total trade in real terms over the medium term is expected to grow by 6.6%.

Headline Industry Data

* 2011 air freight tonnage is forecast to grow 1.6%, following projected growth of +1.99% in 2010.
 * 2011 rail freight tonnes is forecast to grow 1%, following a projected growth of 18% in 2010.
 * 2011 road freight tonnes is forecast to grow 4%, following projected growth of 8% in 2010.
 * 2011 total trade growth in real terms is forecast at 7.02%


Key Industry Trends

In November 2010 FedEx Trade Networks, a subsidiary of FedEx Corp, opened five new offices in Europe including one in Prague which it sees as an important air hub. DB Schenker opened a new logistics centre in Pardubice in late September, 2010.

The Roads and Motorways Directorate has invested in infrastructure projects and on December 3 2010 opened a new, 18.5km-long, section of a motorway between Kromeriz and Otrokovice. In November 2010 the transport minister said that the construction of motorways under public-private partnerships (PPPs) would begin in 2012 or 2013.

In early February 2011 the CFR unions started negotiations with the heads of the three state-owned railway companies in an attempt to reduce the number to be made unemployed and there is a risk of major labour unrest. The Ministry of Transport established a working group in November 2010 to study options for merging passenger operator CD and infrastructure manager SZDC into one holding company. This would increase transparency in the flow of subsidies, which are to be cut.

A proposal from the finance ministry that the government approved on November 24 2010 will merge Czech Airlines, its subsidiaries and Prague Airport into newly established joint-stock company called Cesky Aeroholding. The process is expected to be finalised by the end of 2012.

Key Risks To Outlook

Although there is a new government, the coalition has a difficult task and could prove to be fractious. The Czech economy is linked to the eurozone and further trouble with high deficits and fragile banking sectors in Spain, Portugal or Greece could lead to a double dip recession. The government appears set on merging and rationalising weak government freight transport entities such as Czech Airlines and will continue to subsidise them. Corruption is increasing in the Czech Republic with transparency international downgrading the country's corruption index and this makes the business environment much more difficult to operate in.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/128716_czech_republic_freight_...


Report Table of Contents:

SWOT Analysis
- Czech Republic Freight Transport Industry SWOT
- Czech Republic Political SWOT
- Czech Republic Economic SWOT
- Czech Republic Business Environment SWOT
Market Overview
- Road
- Rail
- Air
Industry Trends And Developments
- Multi-Modal/Logistics
- Road
- Rail
- Air
Global Oil Products Price Outlook
- Table: Oil Product Price Assumptions, Q410-Q411 (US$/bbl)
- Table: Oil Product Price Data And Forecasts, 2008-2015 (US$/bbl)
Industry Forecast
- Air Freight
- Table: Air Freight, 2007-2015
- Road Freight
- Table: Road Freight, 2007-2015
- Rail
- Table: Rail Freight, 2007-2015
- Inland Waterway Freight
- Table: Inland Waterway Freight, 2007-2015
- Trade
- Table: Trade Overview, 2007-2015
- Table: Czech Republic's Main Import Partners, 2002-2008 (US$mn)
- Table: Czech Republic's Main Export Partners, 2002-2008 (US$mn)
- Table: Key Trade Indicators, 2008-2015 (US$mn and % change y-o-y)
Company Profiles
- Cechofracht
- CSA Ceske Aerolinie (Czech Airlines)
- Ceske Drahy
Country Outlook
- Politics
- Macroeconomic
- Table: Czech Republic - Macroeconomic Activity, 2008-2015
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.

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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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