Time:matters sales hit record US$137 million on back of M&As
ACQUISITIONS and the expansion of time:matters' network in the Americas helped the time critical logistics company achieve record revenues in 2018 of EUR121
ACQUISITIONS and the expansion of time:matters' network in the Americas helped the time critical logistics company achieve record revenues in 2018 of EUR121.5 million (US$137.25 million), representing year-on-year growth of 12.5 per cent.
In September, the Lufthansa unit purchased CB Customs Broker and Customs Broker Cargo Handling. It also added 15 stations in the US and one in Mexico to its Sameday Air network last year.
Furthermore, time:matters has been investing in its digital services, offering fully-automated tracking information updates, invoicing and other core functions.
Chief executive Alexander Kohnen was quoted as saying: '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 and health, automotive, and high-tech and semicon [semiconductor] 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.'