Confidence in the transport and logistics sector shows recovery

Confidence in the transport and logistics sector shows recovery

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MEXICO  In the edition corresponding to the 4th quarter of 2018 (4Q18), the Confidence Index in the Transport and Logistics Sector (ICTYL) showed a recovery with respect to the previous cycle, thus completing its first year of registration. The ICTYL, initiative of the Business Intelligence area of T21, aims to capture the trust that exists within transport and logistics, through a survey sent to senior managers and representatives of this activity. For 4Q18, 57 industry leaders participated.

In this latest edition, the ICTYL showed a slight growth when it stood at 101.2113 points, from the 100.92 points it had placed in 3Q18. This initiative began in 2018 by recording the behavior of confidence in the business sector, measuring the behavior of the quarter that has just ended, as well as the perspective of the quarter that is in progress.

Among the results that stand out are that 86% of the respondents considered 4Q18 as favorable, while the perception for the 1Q19 of 75.9% is that it remains at that level.

Regarding key indicators, the ICTYL showed that 65% of those who participated increased their billing in 4Q18, and 31% of them said they did between 5 and 10%. Meanwhile, 62% anticipate that billing for 1Q19 will grow, while 27.6% anticipate that it will remain like that.

An interesting result of the ICTYL is the perception of respondents about actions of the current Federal Government, where 89% considered unfavorable the decision on the cancellation of the New International Airport of Mexico (NAIM), 100% disapproved the issue of blockages to the railroad tracks and 96% disapproved the deal with the maquiladoras. In contrast, 75% of the respondents considered the fight against huachicol waged by the federal administration as favorable.

Source: t21