Number of bankruptcies continues to grow for Dutch road transport companies

Number of bankruptcies continues to grow for Dutch road transport companies

In the first quarter of 2013, turnover generated by road transport companies was 1 percent down from one year previously, whereas in 2012 turnover still improved. The negative result over the first quarter is due to shrinking freight volumes. Prices were marginally higher. The number of bankruptcies in the first quarter was approximately the same as one year previously according to figures released by Statistics Netherlands.

The on-going recession in the construction sector, falling domestic spending and a declining manufacturing output have a negative impact on road transport companies, resulting in a turnover loss of 1 percent over the first quarter of this year relative to the same period in 2012. Shrinking freight volumes accounted for the change, which could not be offset by marginally improved export results and slightly higher prices.

Middle-sized companies perform best
Middle-sized Dutch road transport companies – accounting for more than 40 percent of total turnover – performed best in the first quarter, but still faced a turnover loss of a half percent. Turnover generated by large companies in the road transport sector fell by nearly 4 percent.

Number of bankruptcies continues to grow
A total of 52 road transport companies went bankrupt in the first quarter of 2013, almost the same number as in the first quarter of 2012. Over the entire year 2012, 213 companies in a total of 9 thousand went into liquidation.

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