BMI View: We envisage fairly muted growth for Canadian freight in 2015 as lower oil prices are expected to curtail export growth over the coming 12 months. However, manufactured goods exports will increasingly pick up the slack, ensuring a secular decline of the current account shortfall and, by extension, providing some positivity for Canada's freight industry.
The key theme for Canada's economy over the coming years will remain 'rebalancing', as private consumption and high oil prices can no longer be relied upon to provide robust economic growth. This uneasy bedrock will mean that we do not expect to see anything spectacular coming from the Canadian freight industry in the short- to- medium term, although growth will remain positive throughout the sector.
Leading the way in terms of year-on-year (y-o-y) tonnage throughput growth will be road freight, comfortably (4.82%), while the Port of Montreal is set to outperform the other major Canadian ports in 2015.
Headline Industry Data
Port of Vancouver tonnage throughput is forecast to shrink by 0.45% in 2015.
Air freight tonnage throughput to grow 1.13% in 2015.
Rail freight tonnage to grow 2.42% in 2015.
Road freight tonnage to rise 4.82% in 2015.
Key Industry Trends
Kerry Logistics Announces New Purchases - In January 2015 leading logistics service provider Kerry Logistics Network Limited announced two strategic acquisitions intended to expand its influence and the capacity of its international freight forwarding arm in the Middle East and Canada, reported the American Journal of Transportation. Kerry Logistics acquired a majority stake in both Total Logistics Partner Ocean Consolidators Inc and Total Logistics Partner Air Express Inc. Group Managing Director of Kerry Logistics William Ma said: 'These two acquisitions complement our existing IFF network and marked further inroads in our international expansion. With the addition of TLP, Kerry Logistics now operates in four countries in...
The Canada Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.
Business Monitor International (BMI)'s Canada Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Canadian freight transport and logistics industry.
- Benchmark BMI's independent freight transport industry forecasts on Canada to test other views - a key input for successful budgetary and planning in the strategic freight transport market.
- Target business opportunities and risks in the Canadian freight transport sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Canada.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs, and latest activity).
BMI Industry View
Summary of BMI’s key industry forecasts, views and trend analysis covering freight transport and logistics, regulatory changes, major investments and projects and significant national and multinational company developments.
Industry SWOT Analysis
Analysis of the major strengths, weaknesses, opportunities and threats within the freight transport sector and within the broader political, economic and business environment.
BMI Industry Forecasts
Historic data series (2008-2012) and forecasts to end-2019 for all key industry and economic indicators (see list below), supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
- Transport Sector: Total freight carried by road, rail, inland waterways, maritime, air and pipeline (mn tonnes-km/mn tonnes).
- Trade: Exports and imports (USDmn) by category of goods (manufactured goods, food, chemicals etc.); top five import and export trade partners (USDmn); imports/exports to each global region (USDmn)
- Port Data: Throughput (‘000 tonnes) for all major ports in the state.
- Oil Products Prices: Price forecasts for gasoline and aviation fuel (USD/bbl) at all major global energy trading hubs.
- Economic Indicators: Nominal GDP (USDbn); real GDP growth (%); GDP per capita (USD); industrial production (%); unemployment (%)
Details of the freight infrastructure in each state by segment (road, rail, air, water and pipelines). Full analysis of the competitive landscape within each segment.
Industry Trends and Developments
Analysis of the latest projects across the freight transport sector (road, rail, air, sea and logistics) including a market overview which provides an outline of the key elements driving development.
The Freight Transport market reports contain a chapter detailing the political outlook of a given region, examining the domestic politics, long-term outlook and foreign policy, and assessing the impact this could have on freight and transport businesses.
Examines the short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses.
The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.
The Freight Transport reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports
*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.