The predicted increase in German road tax has now been passed by the German Bundestag. This means increases of as much as 60 % compared to the present level.

For trucks with 5 axles and an Euronorm 6 engine the increase will be 39 %. For trucks with 2-4 axles and an Euronorm 6 engine, which is typically used for distribution, the increases will go up to 60 %.

During December 2018 FREJA will prepared updated road tax rates with effect on 1st January 2019.

If you have any questions, please feel free to address your normal FREJA contact person.

We have received warning of strikes in Finland from October 8th till October 28th. We do not know which consequences this will have on our traffic, but we predict it might cause delays.

For further information, please contact our traffic departments.

Because of the holidays around Christmas and New Year the dates of departure will change according to the schemes below.

Denmark to/from Jutland & Funen

DENMARK TO/FROM ZEALAND

The German authorities have notified substantial increases in road tax on 1st January 2019. The changes have not yet been passed but we expect the German Bundestag to approve the new rates during October/November 2018.

The proposal includes new road taxes for the years 2019-2022 and Euronorm 6 engines will have a raise of as much as 39 %.
Unfortunately, we will have to impose the additional costs upon our customers. echo

We will keep you updated on our website end of November or beginning of December 2018.

The transport- and logistics company FREJA Transport & Logistics Holding A/S announces a satisfactory result for the first half of 2018. The merger with Transcargo has been completed in Denmark. Despite the one-off costs of the merger, Denmark comes out with a stable result. The subsidiaries in Norway and Finland continue to deliver results which are markedly above market level, just like the ”youngest” subsidiaries in Poland and China make positive contributions. A serious and solid sales promotion focusing on developing efficient and value-adding solutions for both FREJA and the customer creates strong customer relations. Focus on developing the business and investments in IT, RPA and employees remain high-priority and are contributing factors to the continued growth of the privately-owned Skive company.

Despite the effects of acquisitions and investments, the result of the first half of 2018 is satisfactory

FREJA Transport & Logistics Holding A/S ended 2017 by acquiring Transcargo in Padborg. The merger of the Danish activities was completed on 1 June, when Transcargo became part of FREJA Denmark. As anticipated, both turnover and revenue have been affected by the merger. It has been possible to retain both revenue and a positive development in the EBIT margin, which has increased by 0.1% in the six months from 2017 to 2018. However, the pre-tax profits have been affected by one-off costs in the sum of DKK 5.3 million relating to the acquisition of Transcargo and the subsequent merger of Danish activities in Transcargo. Add to this, significant investments in expanding logistics activities in Norway and the implementation of new, significant logistics customers who only contribute from Q3 onwards. In 2017, revenues were up in the sum of DKK 18.5 million from the sale of premises in Tumba, Sweden. This results in a total net decrease in pre-tax profits of DKK 17 million in comparison to the previous year. If the result is corrected for one-off income and expenditure, the result is a significant increase in ordinary operations.

The following key figures for FREJA Group are published with respect to the first half of 2018

FREJA Transport & Logistics Holding A/S reports a 19% growth in turnover for the first half of 2018 compared to the previous year. The total turnover for the first half of 2018 ends at a total DKK 1.55 billion.
EBIT for the first six months of the year total DKK 27.2 million in 2018 compared to DKK 21.4 million in 2017. The pre-tax profits of the year total DKK 21.2 million in 2018 compared to DKK 38.1 million for the same period of 2017.
The group equity capital has increased from DKK 241.1 million as of 30 June 2017 to DKK 275.1 million as of 30 June 2018. The solvency ratio decreased to 27.4 % as of 30 June 2018.

The development in the subsidiaries in Norway and Finland continues to be positive, Denmark continues the trend of stable growth whereas, in Sweden, there have been challenges during the first half of 2018. After a couple of years of investing in China, we now see a positive development providing a stable return. Poland is a new FREJA country after the acquisition of Transcargo and contributes positively to the overall revenues.

High quality and new post-merger markets ease sales promotions and provide unique possibilities for continued growth in FREJA
Jørgen Hansen, Group CEO, has on several occasions stated that FREJA is focusing on developing long-term relations with both customers and suppliers. While focusing on streamlining, FREJA is aware of the fact that people remain the most important resource in collaborations. The key traits in a strong collaboration are openness, trust and credibility. FREJA’s is based on a strong set of values and the mission is to develop the collaboration with customers on a daily basis. The first half of 2018 has been a busy time with the implementation of a number of significant customers in both Denmark and Norway.

”A reasonably satisfactory result for the first six months of 2018, taking into consideration the costs of acquisitions and the merger of Transcargo as well as the implementation of many new significant contracts. Given the new FREJA map, feeling optimistic about our ability to do even better is not difficult” – says Jørgen Hansen, Group CEO, and continues, ”Our new platform in Poland has provided us with new possibilities – we now have to take advantage of the competitive advantages on offer – both in Poland and in the FREJA Group as a whole. In addition to a unique platform, we have motivated and well-trained employees who, every day, are prepared to do better for our customers than the previous day. We look for possibilities that take us one step ahead of our competitors. This is why we train our ”organisation” in the skills necessary to do so. We will continue developing and investing in IT, RPA, training and people”, concludes Jørgen Hansen.

STATEMENT FIRST HALF 2018

For further information, please contact Jørgen Hansen, Group CEO

The Finance Bill for 2018 decided to introduce parking limitations and control of trucks on lay-bys in Denmark. Specifically this means, that any truck may park maximum 25 hours on the 90 lay-bys along the motorways in Denmark from the 1st of July 2018.

The new legislation implies extra costs for FREJA as the long weekend rest of 45 hours no longer can be held on the existing 90 lay-bys along the motorways.

Since FREJA has not yet received all relevant information regarding the new parking limitations, we do not know the financial consequences. We therefore need to underline that from the 1st of July we will introduce a surcharge to cover direct and indirect costs.

If you have any questions, please contact your usual contact person in FREJA.

As previously informed, FREJA took over ownership of Transcargo A/S on 1st January 2018, and now it is time to merge these two companies.

With effect from 1st June 2018, all activities in Transcargo A/S will be transferred to FREJA Transport & Logistics A/S.

By reconciling forces and thus utilizing shared competencies and resources, we are convinced that FREJA will be an even stronger partner with unique solutions among our service-oriented employees.

From 1st June 2018, invoices must be issued to:

FREJA Transport & Logistics A / S
Viborgvej 52
DK-7800 Skive
VAT No. 15 02 78 00

Invoice must be sent per. e-mail to invoice.dk@freja.com. It is important that invoices and any attachments are collected in one PDF file. Other file formats cannot be handled. It is also important to state the ref. no. and/or name on the invoice to ensure quick approval and timely payment.

The new bank details will appear from our invoice. Note that invoices issued by TransCargo A/S must be paid to the previous bank account.

Together with all our customers and collaborators we look forward to review the opportunities that have arisen and expand and develop cooperation to the common best. https://buyiglikesfast.com/

Of course, all previous contacts will be available if there are additional questions.