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

  • 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 have 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 parts 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 to 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 the 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

Related Reports by Ken Research: –

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


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