Romania’s largest privately owned contract logistics specialist, Tibbett Logistics – a member of the UK-based Keswick Enterprises Group – has underlined its leading market position by reporting strong growth across all its business sectors in the first quarter of 2015.
The business has also announced that it will be exhibiting again at this year’s biennial Transport Logistic exhibition in Munich from 5–8 May – where it will be promoting its wide range of supply chain management support services from stand number 148 in Hall B4.
Tibbett Logistics increased its total revenues in Q1 2015 by 38% over the same period in 2014 – well ahead of expectations – with similar improvements in gross and net margins.
Growth has arisen from across the business:
• Intermodal logistics. Revenues in the company’s intermodal (road-rail) logistics operations were 42% ahead in the first quarter compared with the same period in 2014. Import volumes through the Port of Constanta increased significantly, while export volumes were up by 49% over the previous year. Regular weekly conventional rail wagon traffic from Western Europe also contributed to growth.
March saw the commencement of the first trans-European block trains linking Bucharest with Curtici on the Romania-Hungary border – and these are expected to expand into multiple connections each week over coming months. The company continues to invest in its intermodal operations, with plans in place for the acquisition of additional terminal space and new container handling equipment.
• Retail logistics, e-commerce fulfilment and multi-user warehousing. Revenues in this sector are up 50% year-on-year in Q1 2015, resulting from new business added during 2014 and the opening of a major new warehouse in Prologis Park, Bucharest, at the start of this year. There are plans for further expansion of warehousing later in 2015.
• Automotive logistics. Tibbett Logistics’ automotive supply chain and related service operations grew by 23% year-on-year in Q1 2015 – continuing the trend from 2014 and highlighting the company’s position as market leader for complex logistics solutions among automotive OEMs and their worldwide suppliers in Romania. This growth is set to continue with the addition of at least one additional factory support warehouse during 2015.
• Domestic distribution. Tibbett Logistics registered a 35% increase in revenues in its domestic transport and distribution operations in Q1 2015 compared with the same period last year. This strong performance resulted partially from the success of its daily full truck-load (FTL) delivery service for retail customers – which covers every major town across Romania – and partially from significant growth in its multi-user less-than-truck-load (LTL) business.
Tibbett Logistics CEO, David Goldsborough, said: “The year-on-year growth across all our strategically significant sectors is particularly satisfying, and overshadows the performance of many of our global mega-LSP competitors. It is evidence that a clearly defined strategy and solid customer base will generate rewards – especially when combined with a strong management team, a loyal and motivated workforce, and a determined focus on quality, innovation and service.”
Tibbett Logistics provides intermodal logistics and extensive supply chain management services to the automotive, DIY, food & grocery, textiles, retail and other FMCG sectors across Romania and elsewhere in South East Europe. In addition to operating some 95,000 sq metres (1,000,000 sq ft) of warehousing at 13 locations, the company has a distribution fleet comprising tilt trailers, double- and triple-chamber reefers and container chassis – along with its own intermodal rail wagons.