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01 December 2020 The on-line newspaper devoted to the world of transports 06:39 GMT+1

May 20, 2020

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Original news
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 ( 20 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 Previous.

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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