Business, Freight News, Logistics


Ekol on track but job losses loom says DFDS

[ February 18, 2025   //   ]

DFDS says that integration and financial turnaround of Ekol International Transport acquired in mid-November 2024 is progressing and the Turkish company should achieve a breakeven result by year-end 2025, but warns that there will be rediundancies.

DFDS chief executive Torben Carlsen commented: “Our newly acquired Turkish transport company plays an important role in supporting Türkiye’s growth as a manufacturing hub and European trading partner. The company’s financial performance is however in need of a comprehensive turnaround requiring tough decisions. We are therefore re-organising the company and will unfortunately have to part ways with 125 valued and skilled office employees.”

Ekol International Transport now operates as a new business unit in the Logistics Division: Türkiye & Europe South, with two country organisations transferred to the Continent business unit.

The head office organisation in Istanbul has been reviewed and adapted to the current financial and market conditions and has resulted in a restructuring.

The rightsizing also  includes sales of idle equipment and increased deployment of haulage subcontractors. So far, 278 trailers have been sold and several hundred additional units, including trucks, are planned for disposal or subcontracting in 2025.