Transportation and Logistics
The outlook for the transport sector is closely tied to overall economic performance. When the economy as a whole is performing well, demand for both passenger and freight transport services increases reflecting rising demand for people and for goods which then need to be transported across the country, imported or exported. This link between economic performance and the transport sector is evident from data which shows freight activity falling during 2009. While the amount of freight moved by rail has recovered following the recession, it has not risen above its 2004 peak and inward and outward bound port tonnage at major ports has been in decline.
Overall, with economic growth subdued in the short term and with recession in the Eurozone hampering trade in goods and services, freight activity in the is unlikely to see any significant growth.