Vos Logistics’ revenue grew 5 percent in 2011 from a year ago to $333 million as the Dutch trucking and logistics group benefited from sharply higher domestic and international freight volumes in the first nine months of the year.
Operating profit increased to $9.2 million from $524,000 in 2010 due to lower fixed costs, increased productivity and a “modest” market upturn.
“The company is more resilient to unexpected fluctuations in the transport market, partly thanks to the flexible capacity structure based on a mix of group-owned transport capacity in combination with fixed and flexible charters,” said CEO Frank Verhoeven.
Vos purchased 270 new trucks during the year, boosting its fleet to 1,200 units, one of the biggest in Europe.
The company said it will focus on growing its warehousing, regional distribution and international transport operations and expanding its presence in Germany and Eastern Europe.
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