Argentina’s grain transport volume to grow 65% by 2024

The fact is It did not improve the indicators. When it also happens Economic recession background In production, but still unclear Moving towards economic recovery As economic activity continues to rebound. Signs remain Far from indicating a consolidation of growth and a new impetus to economic activity in ArgentinaIn this framework, activities Cargo Transportation The economy has been experiencing a significant contraction by the end of July. New increase in transportation costs.

In fact, the entity itself stressed that the publication of its traditional cost measurement indexand “the continuity of the hidden and contracting environment in freight transport activities”According to data published by the latest Transport Cost Index (ICT) compiled by the Argentine Federation of Freight Commercial Entities (FADEEAC) and reviewed by the Argentine Academy of Economic Sciences University of Buenos Aires (UBA), recorded new monthly growth, reflecting In July last year, the cost of moving grain trucks was 4.23% more expensive..

In addition, the entity that brings together chambers of commerce and trucking companies warned that The industry has accumulated a growth rate of more than 65%. (65.42%) So far First 7 months of 2024On the other hand, the year-on-year growth rate, which is calculated over the last twelve months, This increased to 259.4%.brings together the main references of the sector, based on digital surveys of physical measurements.

The Federation brings together 43 chambers of commerce in Argentina, accounting for 80% of the total number of chambers of commerce in the country. Small and Medium Enterprises Motor transport in the country. The entity has A fleet of nearly 155,000 trucks and trailerswhich Covering more than 10,000 partner companies.

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Increase by items

The study, conducted by the Department of Economic Studies and Costs at FADEEAC, measured the11 factors that directly affect the costs of freight companies across the country”, the entity noted, while stressing that this indicator “is largely a reference for setting or adjusting indicators”. Department Rates”.

The FADEEAC Federation stated in some form Classification Analysis“Although to varying degrees, in July, 10 of the 11 items, with the exception of the annual item of patents and expenses, IncreaseThe items with the largest increase were Tolls (13.08%), taking into account the renewal of Corridor 18, Caminos del Río Uruguay and North and West Accesses. ”

“Next is the ‘Personal – Driving’ project, The increase was 6.67%taking into account the entry into force of the second phase of the current Collective Bargaining Agreement (CCT) 40/89 and the “financial costs” 6.14% increase (after a significant decline in the first quarter),” the entity stressed when publishing the results of its ICT Index.

In the ranking of input growth in July, the following were general expenses (4.83%); lubricants (4.5%); rolling stock (3.82%); fuel (3.34%); Repair (3.01%); Next is input They have risen, but the impact is smallfor example, insurance (1.34%) and tire (0.47%) items.

They confirmed that the decline in fuel sales was at “similar” levels to the pandemic

Slowing growth

In the official announcement, the FADEEAC Federation also made it clear that “After experiencing the highest monthly cost increase in 30 years, (28.2%), recorded in December 2023, and a sharp increase of 20.6% in January 2024. The slowdown started in February (an increase of 8%)”. In turn, this trend “was significantly higher in March (6.4%), April (6.7%), May (2.45%) and June (4.66%)”, according to the entity.

However, the entity noted that “the smallest increase recorded in recent months was Directly related to the extension of tax filing Specific to fuel, Key Inputs to the Activity Cost Matrix”.

MVB