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TRUCKING INDUSTRY * Europe - The impact of the economic crisis on the European road haulage sector
It is exceptionally difficult to get an accurate view on how the road freight industry in Europe is performing
London,UK -Transport Intelligence, by John Manners-Bell -28 Oct 2009: ... The sheer level of fragmentation means that visibility of market trends is very low, and specific governmental statistics lag many months behind reality... Therefore to gain any idea of what is happening in the market not only do we need to analyse the performance of the handful of companies which report quarterly financial figures, we need to look at a range of what can be called 'proxy indicators'. These include economic, trade as well as measurements of not-so-opaque competing or complementary modes... For instance we know that GDP is forecast to fall by between 3-5% in most major economies in 2009. However the link between GDP and road freight output has become decoupled in recent years, due in part to the internationalisation of supply chains... Reports from the companies which have reported their road freight performance – Norbert Dentressangle, Kuehne + Nagel, DSV and DHL for instance – reveal a drop in revenues of between 18-25%, more in line with the decline in trade volumes... These same trade figures show a bottoming out in the second quarter of 2009 and this may be more relevant when trying to determine whether the road freight industry is showing any signs of recovery... In conclusion, we believe that the market downturn has 'bottomed out' in the second quarter of the year with underlying production volumes and trade volumes stabilising. However confidence in the road freight sector has yet to return – this is evidenced by the continued stagnation of the commercial vehicle market. Although we expect an upturn in 2010, the recovery will be slow. A return to 2008 levels is not expected before 2012... (Image from i29.tinypic)
* The Netherlands - TNT still experiencing market falls
Hoofddorp,The Netherlands -Transport Intelligence (UK), by Thomas Cullen -2 Nov 2009: -- TNT Group is still facing falling demand in its key markets with its just released third quarter figures showing modest but significant falls in profits and sales... As compared with the third quarter in 2008, Group Revenue fell by 5.9% to €2.483bn whilst operating profits (Earnings Before Interest and Tax-EBIT) fell by 9.6% to €179m... The third quarter often sees lower volumes in the Express sector but this year revenue fell by 9% to €1.467bn and EBIT fell by 27.3% to €63m on a year-on-year basis. TNT Group stated that, yet the rate of decline has become "sequentially less negative compared to Q2 2009." The only real growth was seen in emerging markets with China seeing a 19% growth in revenue... Labels: trucking industry news Europe
posted by Unknown @ 6:06 PM
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