May 20, 2020
- After a positive 2019, Hupac faces a decline
activity caused by the coronavirus emergency
- The company points out that the lack of adequate support
combined transport operators would trigger a dangerous
downward spiral in modal transfer
- In 2019, the year in which rail shipments
Swiss group Hupac have reached a record high of more than one million
February 2020), the Swiss company also recorded a peak
revenues of 611.1 million francs
Switzerland (EUR 575 million), an increase of 5.4% in 2018.
EBITDA was 55.4 million francs, or 4.6%, and the profit
5.1 million, a decrease of -36.2% which - specified the
company - was determined by the currency effects
negatives in 2019 and from an extraordinary income in the year
- About the impact that emergency measures taken to
contain the covid-19 pandemic they're having on the business
Hupac's chairman, Hans-Jurg Bertschi,
"Since February 2020, the coronavirus crisis has
the company faces extraordinary challenges," he said.
specified that "the company is financially sound and
additional financial liquidity is provided
view of a longer crisis scenario. We expect -- he
a gradual recovery in transport volumes across the world.
Europe in the second half of 2020.'
- However, Hupac pointed out that the system of
transport is put to the test due to the sharp drop in
traffic caused to the health crisis. As for Hupac, after a
positive first quarter of 2020 with transport growth
3.6%, in April there was a sharp decline in volumes
mainly in trans-Alpine transport to Italy.
The main reason for this collapse, which reached peaks of
-50% - announced the company - was the massive closure
industrial production at the disposal of the authorities.
Thanks to the gradual easing of the measures, the volume of
Transport services in the Hupac network are on the rise again
announced the company -- it is now at a level of
-25% compared to planned transport volumes.
- Hupac pointed out that the collapse in traffic at the
Europe and the simultaneous intensifying of road competition
due to the fall in diesel prices during the coronavirus crisis
effective measures to support combined transport
freight traffic from rail to road.
Specifying that Switzerland intends to support more
combined trans-Alpine transport with subsidies already
Italy grants discounts on the cost of tracks to
the director of Hupac Intermodal,
Mikhail Stahlhut, expressed the hope that they would be adopted
'further measures to reduce the burden of fixed costs of
combined transport operators also by Germany.'
Stahlhut noted that additional temporary support
track fees and subsidies for rolling stock that cannot be used
be used during the crisis would help to alleviate the
countering a sharp reduction in security services
freight by rail, while without adequate support
combined transport operators would be forced to reduce
their offer, which would trigger a dangerous spiral
descending in modal transfer.
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