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TOG forges alliances in Europe
Page 6
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• by Chris Tindall Logistics firm TDG has established an alliance agreement in a bid to penetrate the ailing German market and boost the company's international presence.
However, it is withdrawing its direct operations in France, due to dwindling profit margins, at a pre-tax loss of 13.1m.
The firm's interim results show it made a headline profit before tax of £9.8m, up on last year, on a turnover of £275m.
While companies such as Christian Salveson have sold off their German logistics activities (CM 15-21 May), TDG has forged an alliance with US Global Logistics—a major operator in Germany—
in order to develop a stronger position in Europe within its chosen sectors.
A similar agreement has been set up with MGF Logistique in France, so that it can continue servicing the French market.
David Garman, TDG chief executive says: "As far as I am concerned, this is very much the way I am developing our European strategy.
"I am sure the market will continue to become more international over time. The more sophisticated clients increasingly want providers who have more than a 'single country' outlook on things."
Garman stresses that TN has a direct and significant investment in existing