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Exel towers in Europe
Page 14
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• Exel has been named as the biggest contract logistics firm in Europe for the second year running, according to a new report.
UK-based Gist also out-performed the competition in terms of profitability, with the highest operating margin at just under 10%. Logistics Loaders 2003, released by industry analysts Transport Intelligence. is based on the latest available European and global logistics revenues at the end of 2002.
Exel has European contract logistics Christian Saivesen 6
revenues of 2,352m (£1,602m). TNT is Tibbett & Britten
Second with revenues of 2,122m riege (£1,458m) and Wincanton Logistics is the i Thiel biggest mover within the rankings °evils 10 through its acquisition of Petil Trans Source: Transport intelligence European, moving up three places to third, and doubling its revenues to 2,098m BMW, the Lux Transport intelligence says ninth placed Thiel Logistik will be one company to watch for the future. Backed by the same owners as embourg-based company is a new entry in the rankings, and it is set to rise further when revenues from further acquisitions are taken into account. Lead analyst at Transport Intelligence, John Manners-Bell, says consolidation has been key throughout 2002 with companies pursuing scale as a strategic goal. He adds: 'In 2003, the European contract logistics industry is set for further upheaval in a market where the largest company has only a share of around 5%."