* The Netherlands - Business survey TLN: slow recovery
Amsterdam,The Netherlands -Truck and Business, by Michael Buckinx -22 Oct 2010: -- The professional association Transport and Logistics Netherlands has just released the results of its quarterly survey published conjucturele. This shows that the transport sector in the Netherlands during the third quarter of 2010 a gradual revival underway, but that transport prices are still lagging behind. The profit margins are retained under pressure. 15% of businesses also identifies a shortage of workers and capacity...
* Belgium - Giraud Belgium bankrupt
Kortrijk, Belgium -Truck Business, by Claude Yvens -26 Oct 2010: -- The Commercial Court of Kortrijk, Belgium, Giraud, the company declared bankruptcy. The subsidiary of French group Giraud had significant losses over the past two years ago and have been greatly reduced activity. In 2004, Giraud, Belgium has a turnover of 38 million euros, with over 200 employees. Since then, staff numbers and decreased sales to only 60 workers remained on a turnover of 10.8 million in 2009, with a cumulative loss of 5.4 million euros. For several months Giraud Belgium, as the parent Giraud International under the auspices of the French Geodis Group, and more specifically to the division Geodis BM...
* UK - Through The Night collapsed owing creditors £793,000
Crick,Northamptonshire,UK -Road Transport, by Joanna Bourke -27 October 2010: -- A gradual erosion of profit margins coupled with a 35% drop in revenue led to the collapse of Northamptonshire haulier Through The Night (UK), leaving a deficiency of nearly £800,000... Simon Plant and Daniel Plant of SFP were appointed joint administrators of the Crick-based business on 21 September, which ceased trading in August (CM 16 September)... The company's position had deteriorated by December 2009, prompting its invoice discounting provider, Bibby Financial Services, to order an independent business review... Longhurst said he expected profit to rise during the company's busy period in the summer, which would clear some of the liabilities arising from the low volumes in late 2009. However, this did not materialise, with turnover in spring-summer this year 35% lower than forecast... Labels: trucking industry worldwide
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