Juarez transporters lost US$3.5 million in May

Juarez transporters lost US$3.5 million in May

JUAREZ – According to statistics from the National Institute of Statistics and Geography (Inegi), during the confinement caused by the COVID-19 pandemic in May, local transporters had losses of US$3.5 million.

In May 2019, the maquiladora industry in Ciudad Juárez had freight expenses of US$9.9 million, but in the same month of 2020, the amount was reduced to US$6.3 million. This represents a reduction of 35%.

According to the National Chamber of Cargo Transportation (Canacar), companies that have 1 to 30 trucks were able to continue operating because it is an essential activity, but their sales fell in March, April and May between 46.8% and 51.6% nationally, facing a reduction and even in some cases, the total halt of operations in other sectors they serve.

"These companies are at risk of disappearing or reducing their size considerably, since their operating model involves charging for their services up to two months later, so they are currently operating with resources that they had in the cash box," said Refugio Muñoz, vice president of Canacar.

The impact would be great if we consider that in Mexico there are 152,487 trucking companies, of which 97.2% are micro and small businesses, and only 2.8% are medium to large.

Source: Diario.mx