The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Freight volumes carried across all modes will expand in 2016 and there will be an increase in
throughput for US's main ports. Healthy domestic demand is supporting freight transports while increased
opportunities are presented from the Panama Canal expansion and an agreement reached to remove limits
on the number of flights between the US and Mexico. Real growth in trade will be positive but lower
commodities prices will translate to a decrease in the total value of trade this year. We expect that higher
prices in 2017 will drive a recovery in both imports and exports value, which will be sustained over the
Key Updates And Forecasts
? Trucking companies might have to hire more operators to maintain their business scope if the proposal
from US regulators to impose speed limiters to trucks comes into force. Lowering the distance a truck can
travel within a day decreases the capacity of existing fleets and can have a negative impact on the
profitability and consequently operations of road transportation companies.
? The US and Mexico reached an agreement to remove limitations on the number of flights between them
to the benefit of air freight volumes as several airlines already added and have planned new services.
? Completion of the Panama Canal expansion has positively influenced shipping activity in the US.
Liquefied natural gas shipments have started from the US lower states to China through the canal while
Mediterranean Shipping Co. initiated a new freight service from Peru and Chile to Philadelphia using
new Panamax ships which could not previously use the route.