Stef posts growth in difficult market

Paris, France: European refrigerated road transport and logistics company Stef reports an increase sales despite falling food consumption in Europe and a difficult economic environment.

The group reported third quarter turnover (July-September) of €620.9m, up 3.6% on a like-for-like basis. Growth was driven by logistics business. Stef says frozen storage work declines but the logistics business grew by 9.1% in the quarter thanks to new contracts mostly for fresh foods and more dynamic restaurant and catering markets.

Last week, Stef acquired KL Services that provides logistics to 500 restaurants in France and operates a temperature-controlled warehouse in Paris.

Turnover from the group’s European operations was up 8.5% for the quarter. Highlights included major new contracts with manufacturers and external growth in Portugal while in Italy, Stef continued to see development in its transport activities in the seafood market and in international traffic flows. Staf reported buoyant business in the Benelux countries.

Turnover for the first nine months of the year reached €1.83bn, up 5.9% like-for-like on the same period last year.

WORLD NEWS

Michael Fischer takes Future Leader Award

Arlington, Virginia, USA: Michael Fischer, general manager, RLS Logistics has received the World Food Logistics Organization’s Don Schlimme Future Leader Award. Fischer was presented with …

READ THE FULL STORY >

Chereau cuts chassis weight

Avranches, Normandy, France, Chereau has cut the chassis weight on its trailers byusing new materials. The move is part if the second phase of its …

READ THE FULL STORY >

New staff at IARW and WFLO

Arlington, Virginia, USA: The International Association of Refrigerated Warehouses its research foundation, the World Food Logistics Organization have new board members. Andrew Janson, president, MTC …

READ THE FULL STORY >

Mercadona goes electric for home deliveries

Valencia, Spain: Mercadona is using a Thermo King powered electric van for home deliveries. Eneko Fernandez, product management leader, Thermo King, said: :”We decided to …

READ THE FULL STORY >

WHAT’S ON

  • The CV Show
    Birmingham, UK: The CV Show opens at the end of the month (30 April – 2 May) at Birmingham’s, National Exhibition Centre, United Kingdom.

Latest Tweets

Dearman adds two Krone trailers: bit.ly/2UnsSHL #Trailers #logistics

© 2019 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ