Spanish logistics company Grupo Redur posted a turnover of 80.12 mln euro ($88.33 mln) for 2002, up 15 pct year-on-year, it was reported on March 11, 2003.
The company attributed the increase in turnover to the boost of logistics and warehousing facilities of Redur.
Read MoreSpanish express courier group Seur posted a 455.85 mln euro ($503 mln) turnover for 2002, up 6.2 pct year-on-year, Seur said on March 11, 2003.
Seur targets an over 8.0 pct year-on-year rise in turnover for 2003. Seur staff rose by 4.6 pct year-on-year to 7,773 in 2002. Seur operated with 3,887 vehicles in 2002, a 4.7 pct year-on-year increase. Seur introduced an express delivery service for frozen products in the middle of September 2002.
Read MoreThere has been a spate of conflicts between Correos, the Spanish post office, and private operators. At present, Correos only has a monopoly on two parts of the postal business: items under 100g sent between cities, and international post. Correos has complained to the infrastructure ministry, which is responsible for regulating the market, accusing private companies of operating illegally on the aforementioned areas in which Correos still has a monopoly.
Read MoreSpanish distribution and logistics company Seur plans to invest some 20 mln euro ($22 mln) in Portugal in 2003, the company said on March 7, 2003.
The company generated 6.0 pct of its turnover in Portugal and forecast its operations in the country to account for 10 pct of its turnover in 2004, at the end of 2001.
Read MoreTransportes Azkar SA said it expects sales to rise by 9
pct in 2003
from the 253.66 mln eur reported a year earlier, while EBITDA is seen increasing by 10 pct from 39.64 mln.
In a presentation of the group’s 2002 results, Azkar also said it plans to invest 22 mln eur in 2003, on a par with investments a year earlier.
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