Panama: 37.5% Less Freight on Railroads

The Panama Canal Railway Company predicts that it will move 37.5% fewer containers this year compared to 2008.

Monday, June 22, 2009

The estimated number of containers for this year is 225,000, compared to 360,000 containers in 2008.

Reporter Raúl A. Beranl interviewed Thomas Kenna, President of the Panama Canal Railway Company (PCRC), for “The ships are empty, there just isn’t freight to move, the factories in China are closed and the United States is in its worst crisis in 100 years…with the global recession, commercial transportation is one of the most affected sectors of the economy in any country because people stop buying, and when that happens, there isn't freight for ships, ports, trains, or trucks anymore.”

More on this topic

The Freight Train that Costa Rica So Badly Needs

December 2017

With $40 million from the state insurer, the Costa Rican Railway Institute could bring back into issue the railway line from Río Frío de Sarapiquí to the port of Limón.

Although the efficiency in the planning and execution of projects is not something that Instituto Costarricense de Ferrocarriles is famous for, the initiative to restore the railroad and reimplement the container transport service from the port of Limón to Río Frio could, if it finally materializes, help improve the damaged reputation of the state run railway company.

Railroad Movement in Panama Down 40%

April 2013

Problems in the computer systems at Balboa port have slowed container cargo on the railroad.

Currently three thousand containers a week are being transported when normally in the same period of the year nearly eight to nine thousand containers a week are mobilized.

Tomás Kenna, president of the Panama Canal Railway, explained that "the problem we are experiencing is with the receipt and delivery of containers at the ports." According to the official, what is happening with the movement of cargo has to do with the implementation of a new computer system at the Port of Balboa, which apparently is having problems attending to boats and trains.

Guatemala Sells Railway to Koreans

May 2011

Representatives from the Korean companies Hyundai and Yoochang have announced an agreement with the current owner of the Railroad Development Corporation, and a total investment of $2,400 million.

The Korean companies Hyundai and Yoochang Corporation plan to invest in restoring the functioning of the railway linking the Pacific and Atlantic coasts , to create a land alternative to the Panama Canal.

Panama: Rail Activity Down 30%

November 2009

Cargo and passenger transportation fell 30% between November 2008 and June 2009.

The drop in cargo transportation was caused by a considerable reduction in sea shipping activity from companies like Maersk, APL and Evergreen.

"Passenger transportation was also hit with a 30% reduction", reported, "this is explained by the inauguration of the Panama-Colón Highway".

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