trans-o-flex turns profitable

Trans-o-flex has started construction for a new logistics centre in Hessen and is intended to increase efficiency of the Express and ThermoMed networks.

trans-o-flex increased turnover to €468m in 2018, helping it generate a profit for the first time in ten years.

Wolfgang P. Albeck, CEO of trans-o-flex commented, “After having reached the break-even point in 2017, this result definitely shows that the rehabilitation of the company has been successful. We have again disposed of shipments that do not fit into our structure or that were unprofitable. This also reflects the consistent further development of our company into an express service provider, because the number of shipments we deliver on a particular day or to a time selected by the customer has increased both in relation to the total volume of all shipments and in absolute terms.”

The company plans to invest €35m in 2019. Albeck further explained, “We will invest this money primarily in the acquisition of new vehicles, IT and sorting technology. In addition to this, locations will be renewed and expanded.”

Source: trans-o-flex