Transportation Fleet Needs Upgrade

According to a study by the Transportation Development Foundation, transportation fleet´s age in the region is around fifteen years.

Monday, October 4, 2010

Improvement in transportation of goods and increase in competitiveness of the region would be the result of renewal of the fleet as well as contributing to the environment because it lowers gas emissions.

Nelson Vanegas, executive at Transportation Development Foundation of America (FUNDETCA) indicated the need for support from government institutions for such renewal.

"The sector has not received support to develop and train their personnel and there is a need for a cargo pilot school." according to Laprensagrafica.com.

More on this topic

Insurance Hike for Carriers Suspended

August 2014

The government of Nicaragua has decided to suspend the increase from $85 to $295 on compulsory insurance for third party damage for transport trucks.

After receiving complaints from the union of freight trucks, governmental authorities in Nicaragua have decided to rescind the upward adjustment, which would have come into effect in August, on Third Party Liability insurance for cargo trucks.

Cost of Crime in Central America

July 2013

An ECLAC study has revealed that companies in Guatemala and El Salvador pay the highest costs because of organized crime in Latin America.

According to data from the Global Competitiveness Index 2012-13, analyzed by the Economic Commission for Latin America and the Caribbean (ECLAC), in its report on safety in the logistics sector in the region, Guatemala has a score of 1.86, on a scale of 1 to 7, regarding the influence of crime and violence in operating costs of enterprises, where 1 is "very much" and 7 means "nothing".

Trucking in the Region

March 2013

IDB study on Trucking in Central America: performance analysis and policy recommendations.

In Central America the distances are short and cargo volumes are small for building a dense network of short shipping sea routes. Furthermore, there is no transnational rail network.

Freight Price Increases in El Salvador

October 2010

The Freight Business Association announced adjustments of 38% and 100% in freight rates.

For distances less than 500 km the increase is 38% ($ 1.45 per km). For distances over 1,000 kilometers up to 100% (the current rate in Panama is $ 1 per km).

Elsalvador.com reported that union president, Raul Alfaro, stated"...

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