cargo-partner sees revenues rise on airfreight growth

Austria-based logistics firm cargo-partner has posted a 2% rise in its consolidated turnover for 2017, at €698m. Net profit for the year totalled €6m.
Chief executive Stefan Krauter said: “We had a successful start into the business year and have achieved volume growths in all our business areas. The general upward trend was further strengthened by the global economic upswing.”
Cargo-partner handled a total of 1,001,500 shipments in 2017, 90,000 more than in the previous year.
The logistics provider’s airfreight volumes rose by 23% to 171,000 tonnes over the 12-month period. Its sea freight and trucking divisions also registered growth, handling 1,831,000 tonnes and 1,018,000 tonnes of cargo respectively.
cargo-partner highlighted several developments that contributed to “substantial growth” in its contract logistics activities. For example, it recently invested in a new 1,500 sq m warehouse in Sofia and expanded its logistics centre in Dunaiska Streda from 7,200 sq m to 14,200 sq m. The latter will grow by a further 4,000 sq m by the end of this year.
 The company has built a new 12,200 sq m iLogistics Centre near Vienna Airport; that facility is set to open this Autumn. This Winter will see the opening of a new 3,000 sq m warehouse in Hong Kong while a 25,000 sq m warehouse in Ljubljana will commence operations in 2019.
New warehouse locations added in 2017 included Hamburg (4,900 sq m), as well as Clarksville, Tennessee and Chicago, Illinois (14,000 sq m each).
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