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Logistics Briefs

Industrial Park Investments Boom in Hungary

Industrial-logistics investments are promising, said Zsolt Fülöp, chairman of the Association of Hungarian Logistics Service Centers (MLSZKSZ), portfolio.hu reported. Investments are expected to increase in the next one-to-two years, he said, but international events may impact on the sector. In Hungary there are 196 industrial parks, and two types of logistics centers. There are some 200-250 centers used by single companies, and there are 41 logistics service centers, which provide services to various businesses at the same time. Most industrial parks are in Central Hungary, located in and around Budapest, and this is where 70% of the logistics capacity can also be found.

Prologis Sells Prologis Park Hegyeshalom

Logistics real estate company Prologis, Inc. has announced the sale of Prologis Park Hegyeshalom in Hungary to Horváth Rudolf Intertransport Kft., a Hungarian logistics services provider. The transaction includes a fully leased Class “A” logistics facility totaling 32,300 square meters and 24 hectares of land, a press release sent to the Budapest Business Journal says. Prologis Park Hegyeshalom is the first Class “A” logistics park in northwestern Hungary, in the so-called “magic triangle” that comprises the Hungarian, Austrian and Slovak borders. The park has easy motorway access to Bratislava (M15), Vienna and Budapest (M1). “Our strategy is to focus on high-barrier markets that show strong demand amid low vacancy,” said László Kemenes, senior vice president and country manager of Prologis Hungary. “In line with this principle, we will continue to focus on core locations in the greater Budapest area.”  

Revenue of Passenger Transport, Logistics Sector up 6.6% in Q4

Revenue of passenger transport, freight and logistics companies in Hungary reached HUF 1.3 trillion in the fourth quarter, up 6.6% from the same period a year earlier, a summary of data published by the Central Statistical Office (KSH) shows, Hungarian news agency MTI reported. Road haulage revenue climbed 3.7% to HUF 389 billion during the period. Trucks and lorries accounted for about 62% of the sector’s total 14.4 billion freight-ton-kilometers in Q4. Railways accounted for 21%, pipelines for 14% and ships and barges for 3.8%. Passenger transport companies carried 1.5% fewer passengers in Q4. Performance of the segment however climbed 4.4%. In the long-distance passenger transport segment, companies carried 163 million passengers during the period, down 2%. Performance of the segment rose 5.9% to 7.1 bln passenger-kilometers, according to unadjusted data. Airlines’ passenger numbers jumped 25%. Among domestic long-distance passenger numbers, buses accounted for 77% of the total and railways made up 23%. For the full year, revenue of passenger transport, freight and logistics companies rose 6.3% to HUF 4.973 tln. Performance of the sector climbed 3.4% to 60 bln freight-ton-kilometers. In the passenger transport segment, passenger numbers fell 1.1% to 642 mln, while performance rose 5.6% to 29 billion passenger-kilometers.

Waberer’s net Income Doubles in 2017

Net income of listed road haulage company Waberer’s doubled to EUR 18.4 million last year, an earnings report released yesterday shows, privatbankar.hu reported. Revenue climbed 18% to EUR 674.4 mln, lifted in part by Waberer’s acquisition of Polish peer Link. Gross profit rose 17% to EUR 140.6 mln. Operating profit jumped 56% to EUR 26.7 mln. CEO Ferenc Lajkó said Waberer’s planned to “step up on the organic and inorganic fronts as well”, boosting efficiency through better use of technology and data, and expanding the customer base by targeting the auto and e-commerce sectors. Lajkó said he expects the group can “perform at least at a similar rate of annual growth as in 2017”.

Budapest Airport Starts Building Cargo City

Air cargo turnover at Ferenc Liszt International Airport climbed 11.5% year-on-year to more than 10,000 tons in February, operator Budapest Airport announced on March 12, portfolio.hu reported. Air cargo turnover in January-February was up 17.4%. The expansion in the European market was 8.4% in January 2018. In 2017, a total of 127,000 tons of cargo was moved at Budapest Airport, up 13.4% compared to the previous year. TNT and DHL Express used a 16,000 sqm ultramodern logistics center last year at the airport. This year a 20,000 sqm Cargo City will be built near Terminal 2 expressly for cargo airlines. Cargo City is to be completed in Q2 2019, making the airport’s cargo capacity 250,000 tons per year. The project is part of the five-year BUD 2020 airport development program, which is worth HUF 50 billion.