French based Geodis group continued to show increased revenue in the inued to experience strong growth despite the cessation of the Carrefour business in Korea.

In France, despite one less business day, growth remained sustained due to significant volumes in Groupage (LTL), Express, and Full Truckload services.

In Europe, revenue was stable. Continued commercial development in Germany and

Eastern Europe offset the termination of an unprofitable contract in Russia during the summer and the reduction in business from major customers in the high-tech sector in the Netherlands.

Asia and the Rest of the World continued to experience strong growth despite the cessation of the Carrefour business in Korea.

On this basis, the Group provides 2006 guidance of a significant growth in sales and a further increase in operating profit in line with that achieved in the first half of the year.

Geodis is a European logistics service provider with international ambition. The Group ranks among the top five companies in its field in Europe and is renowned for its multi-business/multi-sector expertise and ability to coordinate all or part of its customers’ supply chain processes, including distribution (groupage and express), logistics, full truck loads, air and sea freight forwarding and reverse logistics. The Group draws on the skills and commitment of its employees to support its customers in all their strategic, geographical and technological developments, offering them customised solutions to manage their physical and information flows. As such, it provides dedicated logistics services tailored to meet the challenges of its customers’ individual business sectors. With an international network covering 120 countries and a decentralised organisation system, the Group’s 23,800 employees offer a wealth of multicultural experience, a local touch and a great deal of flexibility and responsiveness. Geodis posted nearly ?3.6bn in revenue in 2005 and is listed on Euronext Paris (Eurolist compartment B).

Source: Geodis

The Glossary of Terms in Logistics & Shipping is the most comprehensive paper-based dictionary and therefore the standard for defining terms used in the area of Logistics and Shipping. Use this powerful tool to expand your professional vocabulary and ensure that everyone on your team is speaking the same language. www.theKnowledgeTransfer.com

paperback student version $ 19,99 hardcover executive version $ 29,99

| Permanent Link | Print This eLog |

(Visited over 19388 times)