“In terms of external shipments, the year had a good start. This was the first year our entire fleet of trucks used for international shipments was parked abroad during holidays, in Germany and France. Thus, on January 6, the fleet was on the road,” according to sources close to the company.
On the domestic market, the still sluggish consumption rebound and the extended crisis prompting companies to start the year with low budgets are indirectly hurting transport companies.
However, the company has not lost clients on the local market. Its customer portfolio further expanded, with three new contracts added this year. Moreover, the company continues shifting to international shipments and starting this year has 25 licenses for Turkey and the East.
Almost half of the company’s fleet, which now numbers around 280 trucks, operates international shipments.
In the summer of 2012, the edy group entered insolvency, several months after the death of company founder Alin Popa, at the request of ING Bank and of Westerham Holding private equity fund, which holds 17.5% in the company’s stock. As a result of the reorganization process, the company’s fleet declined from more than 1,200 trucks to less than 300 now.
While a transport sector rally is still ruled out, transporters have less cash flow problems as they have not renewed their fleets in recent years, which significantly cut the leasing costs.
(English version by Catalina Apostoiu)