At the close of the second quarter of 2024 (2Q24), the Transport and Logistics Confidence Index (ICTYL), prepared by T21 Business Intelligence, reached its second best record in history, in an exercise that has been carried out since 1Q18.
Following the elections, with Claudia Sheinbaum’s assumption of the presidency of Mexico and with some political decisions already taken, the ICTYL returned to a moderate level and at the end of 3Q24 stood at 102.1 points , the lowest level of the last four quarters.
In the 3Q24 results, 66.7% of respondents recorded increases above 5% in their billing levels, with the highest volume being in the range of 5% to 10 percent.
One of the most questioned decisions of the current federal administration, as well as of the composition of the Congress of the Union, is the so-called judicial reform , which is perceived unfavorably by the businessmen and managers who responded to the ICTYL survey, as stated by 69% of those surveyed.
In another of the current questions, it stands out that at the end of Andrés Manuel López Obrador’s administration , 56% of those who responded rated him as unfavorable and only 15% as favorable.
The ICTYL is developed by sending a survey directly to 140 managers and businessmen in the transport and logistics sector, who share their perspective on the industry. This exercise took 1Q18 as a reference = 100 points.
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