Exel continues to expand
Over 70% of Exel’s activities, mainly in contract logistics, seafreight and road/rail freight, were not significantly affected by the tragic events of September 11,» Exel’s CEO John Allan recently said at a conference for analysts and institutional shareholders at which he presided. «However, there was some short-term disruption in airfreight operations, as a result of which Exel will incur an immediate profit impact estimated to be at most GBP 5 million,» he continued. (Exel achieved an operational profit of GBP 212.6 million last year and GBP 101.6 million this year)
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