Bad Times for Freight Transport

Nicaraguan carriers estimate that during the first quarter of the year the movement of cargo in the country has decreased by up to 55%, mainly because of the decline in economic activity.

Tuesday, April 30, 2019

For the representatives of the Nicaraguan Association of Transporters, local fuel prices have also affected them, as their operations have become more expensive compared to other countries in the region.

Regarding the cost of fuels in Central America, last week it was reported that in Nicaragua the average price per gallon of diesel is $3.37, which is the second most expensive in the region, surpassed only by Costa Rica.

See "Central America: Fuel Prices up to April 22"

Rigoberto Mendoza, representative of the Association of Transporters of Nicaragua, explained to that "... If the market is low, we are in trouble because we depend on the industry, on the cargo movement. We estimate a 55% decline that we have had in the first quarter. We're always waiting for the opportunity, but it's getting very long.

You may be interested in "Nicaragua to Charge for Freight Transportation"

Mendoza added that "... The impact that has caused us is that we can almost no longer compete at the level of Central America, has been very difficult this problem of fuels. When we go to a tender, most of the time we are left out because we do not want to recognize those costs.

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