Freight News, Logistics, Business, Forwarding

Xpediator gains ground

[ September 13, 2021   //   ]

East European specialist forwarder Xpediator Group reported revenue of £126.6m in the first half of 2021 compared with £99.6m in the same period last year. Adjusted profit before tax was £3.6m (2020: £2.1m) reflecting continued growth within key central and east European markets. The company said that it had gained more revenue from customs clearance and there had been a full recovery from a Covid-affected market. Chairman Alex Borrelli, commented:  “All divisions performed well but particularly impressive was the performance of our Freight Forwarding  division with Lithuania and Bulgaria reporting strong results.  As indicated by way of the trading update released in June 2021, the Group is expecting a further strong operational and financial performance in the second half of2021.