Understanding the transport industry in Guyana Part 2

By Rawle Lucas On In Business Review |
LUCAS STOCK INDEX The Lucas Stock Index (LSI) fell 0.83 percent during the second period of trading in February 2016. The stocks of three companies were traded with 37,583 shares changing hands. There was no Climber and two Tumblers. The stocks of Demerara Tobacco Company (DTC) fell 0.1 percent on the sale of 1,247 shares while the stocks of Guyana Bank for Trade and Industry (BTI) fell 5.81 percent on the sale of 9,496 shares. In the meanwhile, the stocks of Republic Bank Limited (RBL) remained unchanged on the sale of 26,840 shares.
LUCAS STOCK INDEX The Lucas Stock Index (LSI) fell 0.83 percent during the second period of trading in February 2016. The stocks of three companies were traded with 37,583 shares changing hands. There was no Climber and two Tumblers. The stocks of Demerara Tobacco Company (DTC) fell 0.1 percent on the sale of 1,247 shares while the stocks of Guyana Bank for Trade and Industry (BTI) fell 5.81 percent on the sale of 9,496 shares. In the meanwhile, the stocks of Republic Bank Limited (RBL) remained unchanged on the sale of 26,840 shares.

Varying specializations

Last week, the process of this writer trying to understand the transport industry in Guyana began. It was evident from last week’s discussion that the industry is a very complex one with different modes of transportation and varying specializations in each mode. The initial focus is on road 20150906business logotransportation which was seen to have three components namely, private, for-hire and cargo services. While each has its own substructure or specialization, it was felt that it was better to approach the discussion from the for-hire market perspective and to look at the hire-car market. The article this week therefore continues that focus.

Restricted markets

Unlike the minibus operators, the passenger service by hire-cars is not confined to a particular route. There are several minibus routes and regulation constricts minibus operators to a particular route. Each route depicts a