TCE Logistica sees 20% increase in turnover

TCE Logistica (TCE Logistics), one of the top courier and delivery services in Romania, posted a 2.5 million-euro turnover in the first quarter of this year, up 20% on the same period last year. “EU accession has prompted better financial results for January and February than in the past, when there is usually a sudden decline. This year, January was a good month and the turnover generated in March was higher than in November 2006, the best month of last year,” said Sorin Sofian, general manager of TCE Logistica. The company still targets a 35% average growth rate for this year, whilst budgeting a turnover of 11.5 million euros. “The business segment we are operating on in the distribution field, LTL (Less than Truck Load) Just In Time, which makes daily deliveries throughout the country, is continually developing. We also expect the courier market to see positive financial results,” said Sofian. Parcel deliveries, through the LTL service account for 60% in the company’s turnover, while courier services account for 40% of annual revenues.