Increased Government Spending: The government has targeted to increase infrastructure spending to more than 5% of the country’s GDP to reduce congestion and improving road infrastructure in the metropolis. Various efforts include Bonifacio Global City-Ortigas Business Centre link road, Strong Republic Nautical Highway, the introduction of a paperless system at Port of Manila, Public-Private Partnerships deals funded by Big Companies such as San Miguel Corporation.
High Seasonal Demand Variation: The demand for trucking in the Philippines is the highest during “Sond” Months (Sept, Oct, Nov, and Dec) where the occupancy of trucks is increased by 20-30% with price variation of 30-40% in comparison to normal freight rates due to festivals such as Christmas and New a year and additional employee bonus along with benefits given to the employees at the end of the year.
Change in Government Regulations: The government is constantly changing the regulations associated with the trucking industry such as the Restriction of trucks above the age of 15 years to avoid carbon emissions in the country. The government has also imposed Truck ban from 6:00 a.m. – 10:00 a.m. and 5:00 p.m. – 10:00 p.m. every day except Sundays and Holidays on certain routes applicable on heavy trucks to avoid congestion on roads
Inter-Island Connectivity by RORO: The Inter island movement between Visayas, Luzon, and Mindanao has improved due to cheaper and faster connectivity using the Ro-Ro Facility which allows vehicles to directly drive onto and off Ro-Ro ferries without loading/offloading of cargo. The travel time between Mindanao and Luzon has been reduced by 12 hours using Ro-Ro due to reduced time in loading/ unloading cargo and faster availability of ferries, which has also lowered the freight cost by almost 30%.
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 Government spending to reduce congestion in metropolitan Cities, RORO facilities that have reduced time and cost to transport products and Growing E-commerce Sector in The Philippines.
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 FTL Freight Market Rates
Philippines Sea Freight Market
Philippines Air Freight Market
Philippines Rail Freight Market
Philippines Temperature controlled Trucks
Philippines trucking cost
COVID-19 Impact on Trucking Industry Philippines
Philippines F2 logistics Market Outlook
Philippines LF logistics Market Future
Philippines Kerry logistics Market Growth
Philippines Inland logistics Industry Share
Philippines A3 logistics Market Analysis
Philippines Fast cargo Logistics Market Size
For More Information on the research report, refer to below link: –
Philippines Road Freight Industry Growth
Related Reports by Ken Research: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
