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An increasing profit and return on both assets and equity shows af transport industry heading for better times. Thats one of the big headers of in this industry analysis of transport of goods by road in Denmark based on the detailed economic data from the 40 biggest transport companies in Denmark. Se which companies are doing well, vhich are nor at get unique insight in the sector.
About the Danish industry for transport of goods bt road:
The transport sector for goods by road employs some 38,000 people in Denmark and, along with supporting businesses, contributes 1.3 percent of the Danish gross domestic product. Road transport of goods as an industry is characterised by a few dominant actors such as Danske Fragtmænd and DSV, and numerous small and medium-sized enterprises. Road haulage is by far the most commonly used transport method for goods in Denmark. For the past seven years the share of total goods transported by lorry has exceeded 90 percent, with the remainder mostly covered by shipping. This dominant position is mainly down to the fact that only few shops have direct access to an airport, railway terminal or port terminal, which makes lorries an indispensible part of the Danish infrastructure. Since the main activity in this sector is transporting consumer goods, businesses are extremely sensitive to changes in both corporate and private spending. Accordingly, the financial crisis hit the sector hard: from 2007 to 2010 the volume of goods transported by Danish road hauliers fell by 28 percent, equivalent to a drop of 5,940 tonne-kilometres of transported goods. Despite this drop in transport volume, figures from Statistics Denmark show that turnover in the sector has been increasing steadily throughout the period covered in this analysis, which may indicate that the sector is managing to use its strong position within the Danish infrastructure to raise prices, thus compensating for the drop in demand. Another reason that this is possible lies in European rules which came into force in May 2010 and which only allow foreign operators to make a maximum of three cabotage journeys within a week of unloading their original international goods. These rules give Danish hauliers a certain amount of protection against foreign competition.
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