trans-o-flex announces price increase

trans-o-flex has announced a 3.9% price increase, which it says has been made in response to high labour costs. In a statement issued on Friday (13 October), Wolfgang P. Albeck, CEO of trans-o-flex, said: “In line with the development in the entire transport and logistics business, we have to cope with significantly higher personnel costs as the decisive factor.

“The shortage of qualified drivers is a major problem. This has already led to considerable cost increases. And we also expect this trend to continue in 2018.”