Waberer's announces HUF 12 bln fleet upgrade

Transport

Listed Hungarian trucking company Waberer's has announced a HUF 12 billion upgrade of its fleet, according to a report by state news wire MTI.

Waberer's said on Wednesday that it agreed to purchase 440 new trucks, including 250 New Generation Volvo heavy-duty trucks and 190 of Renault's TCK Evolution models.

The new trucks will be put into service for domestic and international deliveries in the second half of 2021.

"The purchase of these new trucks is not only beneficial for the company's ambitious goals towards cutting emissions and lowering fuel consumption, but it also takes driver comfort to an even higher level with excellent drivability and safety," Waberer's said.

Gábor Bukta, an analyst for Concorde Securities, said in Thursday's issue of business daily Világgazdaság that Waberer's is not expanding its fleet but switching out expiring leases.

"The company generally signs five-year lease contracts, and doesn't extend these most of the time, rather it returns the several-year-old lorries to the producers and leases new lorries," he said.

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