TRANSPORT & LOGISTICS | Staff Reporter, Singapore

Transportation & storage sector grows by 5.3% in Q4

Higher number of sea cargo and air passengers pushed the growth.

The transportation & storage sector grew by 5.3% year-on-year for the fourth quarter of 2017.

The growth was pushed by improvements in the number of sea cargo and air passengers last year, said the Ministry of Trade and Industry (MTI).

For the whole year 2017, the transportation & storage sector increased by 4.8% which greatly contributed to the 2.8% growth in the services producing industries.

However, MTI expected the pace of growth of the transportation & storage sector to ease this year.

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