Latvian express market grows 70pct in 2007
Latvia’s express parcel volumes increased by 70pct to 6.3 million shipments in 2007 compared to 3.7 million shipments in the previous year, according to the Latvian Public Utilities Commission’s (PUC) annual review of the country’s express delivery market, the Baltic Business Daily reported.
“Both domestic and international deliveries showed large growth. The incoming international express deliveries rose by 128pct, international outgoing deliveries by 35pct, and domestic express deliveries increased by 45pct,” the commission’s representative Zanete Luse was cited as saying.
In the domestic sector, DPD Latvija had the largest market share with 43pct in 2007 ahead of state-run postal operator Latvijas Pasts with 27pct, according to the regulator’s data. Other leading domestic players include Velokurjers, City Express, Autopasts Terminals and V-Sports.
The international sector was led by Itella Logistics with a 53pct market share followed by DPD Latvija with 19pct. Other leading international players include UPS partner EKL/LS, DHL, TNT and Autopasts Terminals.
The number of registered express companies in Latvia grew by eight to a total of 30 last year, according to the PUC. The PUC is an independent state institution responsible for regulating various sectors, including the postal market.
Read More
