Atradius: A bankruptcy wave threatens the transportation sector

This year a record number of liquidation and forced cancellation proceedings were initated against the freight forwarding companies in Hungary – the latest analysis of Atradius Credit Insurance company reveals.

The problems in the sector and the fierce competition has significantly increased the bankruptcy threat in the entire domestic transportation sector – the latest analysis of the Atradius Credit Insurance Company points out. In the last few years the total number of the liquidations and the forced cancellation processes in the industry have increased continuously. 1146 cases were registered in 2012, while this year the number of processes were higher than 1400 by the end of the third quarter.