FAN Courier does cross-border deliveries, but more cross-border deliveries come from international retailers to Romania rather than go from Romanian sellers to customers abroad.
To be able to handle a higher cross-border delivery volume, FAN Courier invested in a hub in Arad.
“Data show us that the significant e-commerce growth was largely driven by vendors from outside Romania, which generated 20% to 25% higher volumes compared with the local vendors. To meet the needs of customers abroad, it was only natural that we should develop a hub to serve international online commerce exclusively. We allocated more than EUR4 million to this hub, which we will equip with a modern cross belt sorter,” said Adrian Mihai, FAN Courier CEO and co-founder.
This year’s investment budget, EUR35 million, went to digitalization, expansion and consolidation of the business in the region, fleet expansion and alternative delivery solutions, as FAN Courier has a network of about 1,000 parcel lockers in Romania.
The company also started work on expanding and upgrading the warehouse in Stefanestii de Jos, which will be completed in 2024.
FAN Courier expects revenue to grow by 15% in 2024, despite it being a year when taxes are due to increase. It also plans to become the parcel delivery market leader in the Republic of Moldova.
(English version by Loredana Fratila-Cristescu)