Mosolf expects business to pick up markedly

Jörg Mosolf, chief executive of Germany's largest car logistics company Mosolf, expects business to pick up markedly in the second quarter of 2010. In 2009 Mosolf's turnover fell from EUR 360mn to EUR 333mn (USD 444.81mn), but the result remained in the black.

Mosolf generates 90% of its turnover with the automotive sector, but pure transport business accounts for merely 40% of turnover, compared with 80% twenty years ago. Instead, the share of related services has increased.

Mosolf buys about 100 trucks per year. The group comprises also a rail transport company with a fleet of 200 own and 100 leased wagons.

In 2009 Mosolf set up a joint venture in Pune, India, and is now planning one in Russia.

(Source: Cargo News Asia)