Burning assets
The caution of the carriers is exceptional. – We are looking at the market very carefully and we expect some positive aspects. Starting today We have reduced the fleet by about 20%, but we don’t want to continue doing so because it will be difficult to rebuild it later. The worst problem now is that they are “burning” their own resources. If your list of costs includes: driver, fuel, leasing, etc., you will not make money. Now shipping organizations live on the concept: bought/sold. I hope that the end of the year will show positive signs for our industry, says Jan Załubski, President of ZET Tansport.
The long-awaited economic recovery depends on several factors. – Transport activity is linked to the economy and will remain stagnant until the German economy shows signs of change or a positive trend. We cannot count on such a general increase in economic exchange and we should not expect a return in transport demand – warns the president of the Association of International Road Transport Operators, Jan Buczek.
Institute ifo cut its forecast for German economic growth in the autumn from plus 0.4 percent to 0 percent. It cut its forecast for next year’s expected growth from 1.5 percent to 0.9 percent. The Institute notes that construction production will fall by 3.1% this year and industrial production will fall by 2%. The climate in industry is worsening, including in the automotive industry, where the index fell to -24.7 points in August, compared to -18.5 points in July.
ifo also points out that German investments are too small in relation to needs and consumers are saving, the savings rate has risen to 11.3%, while the long-term average is 10.1%.
Change the law
The director of DAF Trucks Polska believes that a slightly better result can be expected in September than last year. – The base this time is low – 1,950 registrations in the heavy segment, but the remaining months will be at a similar or slightly lower level than in the same period – predicts Piszczek.
