Business, Forwarding, Freight News, Logistics

Xpediator up in 2019

[ February 10, 2020   //   ]

UK and eastern/central European freight management firm Xpediator says that group turnover increased 19% to £212 million in its trading update for the 2019 financial year.

The increase included £18 million (10.4%) organic sales growth and £15 million (8.6%) generated from acquisitions. Freight forwarding sales were up 16%, transport solutions down 3% and logistics and warehousing up 32%.

The Baltic region was again a key growth area within the Freight Forwarding division with Lithuania and Estonia performing particularly strongly compared to the prior year while the Pall-Ex franchise in Romania continues to grow and is now handling 60,700 pallets per month (2018: 50,0000).

The Regional Express project is now operational with offices established in China and Germany and volumes expected to increase substantially during 2020.

Xpediator says it has a “continued healthy pipeline of potential acquisitions, albeit the focus remains on improved integration of recent acquisitions, cross-selling services and delivering organic opportunities”. The company is also committed to investment in IT.

Tags: ,