QCS Keeps Growing Despite Sluggish Market Environment
Forwarding Agent Quick Cargo Service reports a 15.7 percent increase on its gross profit during the first three quarters of 2016 in a year-on-year comparison. A more than solid figure, but it must be considered that 2015 had been a rather weak year.
Confidence predominates; cautious optimism prevails at agent Quick Cargo Service. The dire year 2015 is over and business is running well again.
Particularly successful were the company’s air freight activities with both imports and exports increasing remarkably. In total, QCS handled 23,553 consignments from January until September 30, with imports accounting for nearly half of the tonnage. In addition, roughly 2,000 QCS acquired export shipments were handed over to IGLU, a 22 member co-purchasing association, to be consolidated with goods contributed by partners and uplifted under the IGLU brand. Due to higher volumes or tonnage, IGLU gets better tariffs from airlines compared to ungrouped freight loaded on board an aircraft.
Air freight runs very strong
Besides the higher quantity of goods, QCS also reports that weights went up as well. In imports, air freight tonnage grew 11.6 percent while exports saw an increase of almost 9 percent in actual weight. Figures that are well above market average, assuring the forwarding agent additional earnings.
Ocean freight, another QCS stronghold saw a 16 percent export rise, caused by a sustained high order situation. In contrast, imports contracted periodically. “It remains our problem child,” stated QCS founder and president Dieter Haltmayer while presenting the figures to the QCS staff.
Dieter assures his staff a Christmas bonus
According to him, the total assets, amounting to €11 million in 2015, are expected to clearly surpassed in fiscal 2016. But Dieter also warned of the fast increasing personnel costs, that will amount to more than €6 million until December 31, a year-over-year increase of more than 5 percent. He spoke of a severe stumbling block that can only be overcome by productivity gains.
Wrapping the existing 2016 data up he said that this will become a good year for agent Quick Cargo Service. “We are even able to pay our 166 employees a Christmas bonus.”
Nowadays a rather exceptional step for medium-sized companies.