Philippines Road Freight Market is expected to cross Php 200 Bn by 2024: Ken Research

Philippines Road Freight Industry
    • 62% drop in China Import Volumes from Feb 1 to 16th 2020 in comparison to 2019 and $ 300 Mn loss in Export Revenue to China, Thailand and other countries due to COVID-19 will push the Road freight revenues to have negative growth rate in future.
    • DPWH and DOTr has been allocated PhP 458.6 bn and PhP 55.5 billion respectively to improve road transport not only in major urban cities (i.e. Metro Manila and Metro Cebu), but as well as in other part of the country such as Mindanao.
    • Government Change in Regulations such as Restrictions on the age of trucks and truck ban on major routes applicable on Heavy-duty trucks will impact the Road freight market

    Covid Impact on Trucking Industry in the Philippines: The Imports will fall from major trading countries such as China and Hong Kong affecting the road freight volumes transported from the port of Manila to other parts of The Philippines. The average freight rates will be the same and not fall due to the excise taxes in the Philippines. The trucking will see a negative growth rate in the year 2020 due to complete lockdown and transportation of only essential commodities but is expected to revive back in 2021.

    Better Inter-Island Connectivity by Road: The government has added many smaller projects as a part of ‘Build Build Build’ Program keeping on hold the bigger projects such as linking brides for Luzon, Cebu & Visayas. More than 20 Projects out of 100 under the new list are public-private partnership (PPP) deals for Intra Island Connectivity funded by Big Companies such as San Miguel Corporation. Main exports include electronic and electrical equipment, electrical machines and apparatus, automatic data processing machine, diodes, transistors, electrical transformers, business services computers, and travel.

    Adoption of New Technology: Companies have started the adoption of new technologies such as Transport management Software, GPS for real-time tracking assuring transparency to their clients.  Electronic vehicles that are already supported by the government for passenger movement can become a new normal for freight transportation also. Digital Freight brokerage platforms such as Transportify, Ezyhaul, Blackarrow and many more are used by many companies for short and long hauls solving the problem of empty returns and maintaining their margins. These will become extremely popular in the next 3-5 years.

    Analysts at Ken Research in their latest publication “Philippines Road Freight Market Outlook to 2024 – Driven by Government Spending on Road Infrastructure and Technological Advancements believe that the Road Freight Market in the Philippines is expected to grow due to entrance of private companies in the infrastructure development, Trade Agreements with countries such as China, Europe and more, growing Manufacturing industries and changes in freight laws as per the Road Transport Authorities.

    Key Segments Covered: –

    Freight Forwarding Market

    By Mode of Transportation

    Road Freight (Fleets, Volume, FTK, Price/ton/km and Revenue)

    Sea Freight (Fleets, Volume, Average Distance, Price/ton/km and Revenue)

    Air Freight (Volume, Average Distance, Price/ton/km and Revenue)

    By Road transportation

    Less than Truck load (Revenue and Volume)

    Full truck load (Revenue and Volume)

    By Type of Fleets (Number of Fleets)

    Reefer trucks

    Non reefer trucks

    Companies Covered

    Royal Cargo

    AAI logistics

    F2 logistics

    LF logistics

    Rhenus logistics

    Orient logistics

    2GO logistics

    Kerry logistics

    RLH Trucking

    MMG logistics

    2SL services

    Inland logistics

    A3 logistics

    Fast cargo Logistics

    Chelsea Logistics

    Key Target Audience

    Freight Forwarding Companies

    E Commerce Logistics Companies

    3PL Companies

    Consultancy Companies

    Logistics/Warehousing Companies

    Real Estate Companies/ Industrial Developers

    Time Period Captured in the Report: –

    Historical Period – 2014-2019P

    Forecast Period – 2020-2024F

    Key Topics Covered in the Report: –

    Philippines Logistics and Warehousing Market Introduction

    Logistics Infrastructure

    Cross Comparison of Logistics Performance in Different Countries (Philippines, India, Vietnam, Indonesia and Australia)

    Philippines Logistics and Warehousing Market Size

    Philippines Logistics and Warehousing Market Segmentation

    Philippines Logistics and Warehousing Market Future Outlook

    Philippines Logistics and Warehousing Market Future Segmentation

    Philippines Freight Transportation Market Size

    Philippines Freight Transportation Market Segmentation

    Philippines Freight Transportation Market Future Outlook

    Philippines Freight Transportation Market Future Segmentation

    Philippines Trucking market size

    Philippines Trucking Ecosystem

    Philippines Trucking Market Segmentation

    Philippines Trucking Market Future Outlook

    Philippines Trucking Market Future Segmentation

    Innovations in Transportation Market

    Cost Component in Philippines Road Freight Market

    Regulatory Environment

    Issues and Challenges

    For More Information on the research report, refer to below link: –

    Philippines Road Freight Industry Growth

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    Australia Logistics And Warehousing Market By Sector (Freight Forwarding, Warehousing, VAS), By Domestic & International Services – Outlook To 2021

    Philippines Logistics And Warehousing Market Outlook To 2024 – By Freight Forwarding (Air, Sea, Land), Domestic And International Freight Flow Corridor; By Warehousing (Industrial/Retail Freight, Container Freight, Cold Storage, Agriculture And Others), Express And E-Commerce Logistics, Balikbayan Box, Third Party Logistics

    Indonesia Logistics and Warehousing Market Outlook to 2023 – Driven by Infrastructure Spending for Airport and Seaports Albeit by Poor Existing Road Network

    Contact Us: –
    Ken Research
    Ankur Gupta, Head Marketing & Communications