Puerto Rico can be highly competitive in the Logistics & Transportation industry. By investing in this sector, multinational firms position themselves to better facilitate the flow of goods between Europe and the Americas, and between North and South America. International and domestic companies in this industry benefit from a highly skilled workforce and relatively low regulatory burdens.
A key point in Puerto Rico’s Business Star Proposition, an advanced, state-of-the-art transportation network and facilities are the name of the game in our Logistics & Transportation industry.
Puerto Rico’s air access is by far the best in the Caribbean, which characterizes the island as the gateway to the Caribbean. Puerto Rico has eleven airports servicing residents and visitors, three of which have direct service to the U.S. mainland. The San Juan Luis Muñoz Marín International Airport (SJU) serves as the regional hub, handles 4,300 cargo flights per month and over 1,800 weekly flights from more than 20 airlines, connecting Puerto Rico to worldwide destinations. It provides direct service to more than 20 domestic cities and many international destinations in the Caribbean, North America, South America, and Europe.
Puerto Rico's two other international airports are Mercedita Airport (PSE), located on the south side of the island in Ponce, and Rafael Hernández Airport (BQN), which is located on the west side of the island in Aguadilla and serves as an air cargo hub. The Aguadilla international airport is the first airport in Puerto Rico to be appointed, in its entirety, as a free trade zone by the Foreign Trade Zone Board (FTZB), under the U.S. Department of Commerce. This new status for the Aguadilla airport will significantly impact the region with economic benefits, which include tariff and tax exemptions for those companies operating in an area designated as a free zone.
Puerto Rico has three main state of the art port facilities in San Juan, Ponce and Mayagüez. San Juan has the largest cruise ship harbor in the Eastern Caribbean and it stands as the main harbor for several cruise ship companies. Considering Puerto Rico is only 3 to 4 days away from most locations on the East Coast and 10 days from the West Coast of the United States, and just two weeks from Europe, it is easy to understand the value of its strategic location.
Puerto Rico occupies a privileged geographic position along the Mona Passage, an important shipping route between the Atlantic Ocean and the Panama Canal. The Port of the Americas will have the capacity to serve Post-Panamax and Panamax vessels and will serve as a world-class international transshipment port for carrying out value-added activities.
Over 24,000 miles of highway make all points on Puerto Rico no more than two hours from any airport or seaport on the island. Puerto Rico has an extensive road system with a main freeway crossing the north side from San Juan to Arecibo, and another one linking San Juan to Ponce that crosses through the central east side from the north to the south coasts. Another important freeway goes from San Juan to Canóvanas in the northeast.
Firms offer expedited, time-sensitive, and end-to-end services for documents, small parcels, and high-value items. EDS firms also provide the export infrastructure for many exporters, particularly small and medium-sized businesses that cannot afford to operate their own supply chain.
This subsector includes inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply and demand planning, third-party logistics management, and other support services. Logistics services are involved at all levels in the planning and execution of the movement of goods.
This subsector includes carriers, seaports, terminals, and labor involved in the movement of cargo and passengers by water. Water transportation carries about 78 percent of U.S. exports by tonnage via U.S. and foreign-flag carriers.