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More and more transport company insolvencies

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The rate of insolvencies in the transport industry is accelerating. The industry has many challenges, one of the biggest being new EU regulations. In order to survive, it may be necessary to merge smaller companies into larger entities. Between January and July 2018, 580 companies went bankrupt in Poland. This represents an increase of up to 29 per cent compared to the same period in 2017.

Experts attribute this situation to deteriorating business conditions. These are payment backlogs, rising fuel costs, insufficient number of drivers and new regulations on EU markets (minimum wage and drivers' working standards).

As a result, more and more Poles choose to work for foreign carriers, closing down their own businesses, small companies family.

Companies transport companies are experiencing a cumulation of unfavorable business factors. The risk associated with bankruptcy, temporary and long-term insolvency, and most small family businesses using external forwarders do not have the power to negotiate prices and payment terms - explains Małgorzata Anisimowicz, President of PMR Restrukturyzacje.

In this situation, the time seems inevitable for an increase in transport service rates. This is being demanded, among others, by two large European carriers - the German Nagel Group and the Hungarian Waberers

Both are unanimous in calling on all hauliers to raise their transport service rates by an average of 6 per cent. This, they argue, is the minimum to cover the rising cost of doing business.
According to hauliers, fuel consumption and transport logistics costs cannot be optimised any further so that they are not passed on to the end customer.

A reshuffling can also be expected in the industry. The small ones, in order to survive, have to start merging.

– The employee market and the increasing complexity of European transport procedures mean that large, specialized forwarding companies are more willingly chosen by customers than individual carriers. One of solutions to some problems A way to increase competitiveness on the market would be to combine the resources of small family businesses and create a common offer for end customers, believes Anisimowicz.
The material appeared on wnp.pl:

18 September 2018:
" Polish transport companies are collapsing. It is getting worse
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PMR team

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