Cargus budgets 80% growth for this year

The courier company Cargus expects to maintain the same rate of growth of 80% in 2006 that it has seen in 2005. “Our marketing plan initially targeted a 30% growth, but since the market is developing, we estimate to reach the same 80%,” said Ioana Manta, sales manager of Cargus. Investments that Cargus will make to attain the expected growth will amount to some 2.5 million euros, and its vehicle fleet will grow by another 40% according to company representatives. Turnover of Cargus stood at over 15 million euros in 2005, 80% more compared to the 8.5 million euros seen in 2004. This was partly due to the investments that the company conducted in several areas. The vehicle fleet increased by 250 light vehicles and some 50 heavy vehicles purchased through leasing contracts, reaching a total of over 600 vehicles, as compared to the 450 seen a year ago. The company also invested in opening new offices in rented space, in expanding its headquarters and other offices in the provinces and in upgrading its technology, according to Augustin Plesea, president of Cargus. In addition to that, Cargus has introduced new domestic courier services. Another direction of development for Cargus was entering the international shipment market by setting up a joint-venture with GeoPost Yurtici Kargo, a Turkish firm controlled by the French Post Office. ZF