Record revenues for logistics firm time:matters

Time critical logistics firm time:matters saw revenues reach record levels in 2018 through acquisitions and the expansion of its network in the Americas.

The Lufthansa-owned company saw revenues reach €121.5m last year, up 12.5% compared with 2017 levels.

In September, time:matters purchased CB Customs Broker GmbH and Customs Broker Cargo Handling, while it added 15 stations in the US and one in Mexico to its Sameday Air network in 2018.

The company has also been investing in its digital services, offering fully-automated tracking information updates, invoicing and other core functions.

Time:matters chief executive Alexander Kohnen  said: “We have again succeeded in achieving record revenue, due in no small part to constant innovations around our core competencies.

 “We will continue on this path in 2019, while working on state-of-the-art digital solutions for our customers and increasing our breadth of industry expertise for our customers in the life&health, automotive and high-tech&semicon segments.

“We are planning further expansion, especially in the Asian market and the US, and are also ready for various Brexit outcomes thanks to our many years of experience and flexible logistics solutions.”