The Panamanian trucking industry is composed of three different sectors: Long-haul trucking, urban freight, and trucking in major logistics areas between the cities of Colon and Panama.
In 2014, the porcentage of the transportation, storage and communications sectors in the total national GDP corresponded to 18.6% (National Comptroller).
The trucking industry is composed of small and medium companies. Panamanians truckers move freight through Central American countries using the Free Trade Agreements.
In October 2016, the Transit and Land Transportation Autority (ATTT) presented the preliminary Law of Cargo Transportation by Road, in order to boost the sector and establish more agile and efficient relations. Also, it introduces the creation of a new department of Cargo Transportation by Road that will be attached to this entity. If approved, this instance must work and ensure the development of road traffic transit, in conjunction with the Ministry of Public Works, in terms of weights and dimensions.
There are several Panamanian institutions that hold relevant information of the trucking industry. Some of these institutions and entities are: the General Comptroller, Transit and Land Transportation Authority, Ministry of Commerce and Industry, Customs National Authority, CANATRACA (National Chamber of Cargo Transportation), Port Authorities, Free Zones, among others.