Freight across all sectors will enjoy modest to high growth and maintain a positive outlook inthe medium term. A positive US economic outlook and a rebound in Latin American economies will providesupport for growth.
Road freight will post the weakest growth across all freight modes in the medium term. Despite this, it willcontinue to play a critical role given the absence of rail freight and the flexibility of the freight mode. Arebound in agricultural output and strong growth in incomes will drive demand for road freight. Poor projectmanagement and corruption will, however, further delay expansion and improvements to the road network.
Air freight tonnage volumes will be boosted by improving global trade and sustained growth in LatinAmerica where the bulk of Guatemala's key trade partners are located. Nevertheless, a significant threat ofindustrial action at the nation's main airport, and in the industry generally, may result in freighters choosingto transport goods via the slower but more reliable road freight route. Air freight will represent only afraction of the country's overall freight mix over the medium term, but growth in volumes will be healthy.