Swift Freight’s fast growth
04 / 09 / 2011
INCREASING airfreight volumes in Chinese and Indian markets have boosted Dubai, UAE-based Swift Freight’s monthly turnover by 42 per cent in the past six months.
“I am extremely proud to state that Swift has [also] increased its GP by 53 per cent in this period. In addition, we have had to increase our staff complement by close to 10 per cent, in order to handle the increased volumes for both ocean and airfreight,” Warren Erfmann, group chief executive officer of Swift Freight, said.
“Although our focus has always been Africa, our operations in India and China have also grown substantially and make significant contributions to the overall performance of the group,” he added.
Erfmann bought the company from Barloworld Logistics Middle East & Asia in March 2011, after it was in Barloworld’s possession for only three years.
Erfmann acquired 100 per cent of Swift’s global operations, except for the Dubai office where he has acquired approximately 70 per cent of the freight forwarding division, which deals with Africa.