Business, Forwarding, Freight News, Logistics

Good year for East Europe specialist

[ February 26, 2018   //   ]

Xpediator, owner of freight forwarder, Delamode, said its group revenues for the 2017 financial year would be up by about 59% to £116 million. The company completed the acquisition of EMT Logistics, Benfleet Forwarding and Regional Express during the past 12 months. Freight forwarding saw particularly strong demand from the Balkan, Lithuanian and Bulgarian markets and the division continues to benefit from the switch to focus on full-load movements.

Analysts Cantor Fitzgerald Europe said: “Forecast earnings growth is superior to peers and we expect further acquisitions.”

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