|
|
Article: Wallenius Wilhelmsen shifting toward logistics; Land-based services to grow faster than ocean operations.
- Article from:
- Automotive News Europe
- Article date:
- July 25, 2005
- Author:
CopyrightCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Jesse Snyder
Wallenius Wilhelmsen is adding land-based logistics services to expand its deep-sea car-carrier business into a global logistics power.
The company has doubled revenue the last four years by acquiring stakes in the European- and US-based logistics companies owned by Renault and Nissan.
"We see logistics as something we can provide that gives us an advantage," said CEO Nils Dyvik at a press briefing here. "Our goal is to be the global market leader in outbound logistics management and ocean transport."
Wallenius Wilhelmsen expects to generate sales of [euro]2.8 billion this year, said Dyvik. Land-based logistics are ...