German freight expeditor time:matters has said the 92% increase in automotive sector-related revenues it reported last month was the result of an increase in network coverage in the US and Mexico, along with a renewed focus on the automotive sector for same-day delivery and emergency logistics.
The company saw an overall 9% increase in revenue to the end of 2016, taking it to just below €70m.
Speaking to Automotive Logistics last week, the company’s CEO, Franz-Joseph Miller (pictured), said demand for services had been strong, especially in the automotive and semi-conductor (semicon) sectors, though growth in the former was more than twice the 44% growth seen in the latter.
“We started focusing on the automotive industry a lot more a couple of years ago, having realised that there is a big need for management and support in urgent spare parts delivery,” said Miller during the Transport Logistics trade fair in Munich, Germany, last week. Around 30% of the time:matter’s business is now in automotive spare parts…
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