Not so for Cargo Carriers. This JSE-listed company has been steadily growing both its income statement and its balance sheet over the past number of years and whilst some of its divisions have been affected by the downturn, it says that it is already starting to see signs of improving business. The company, with years of experience in providing a full suite of logistics solutions, believes that this is a good time to be on the acquisition trail.
It believes that there are many well-managed competitors who are presented with significant opportunities, but who don't have the balance sheet strength to proceed.
In Cargo Carriers' favour are the facts that its financial position is very strong, and that it has a reputation for very high levels of service. Clients of transportation businesses that talk to the company are likely to feel secure in the knowledge that their 3PL contracts will be managed by a secure and service-focused business.
Cargo Carriers joint CEO Murray Bolton believes that the companies that are in cash strong positions and those who choose to strengthen their positions in the downturn are the ones that will come out of this crisis in the best shape.
Companies who are interested in talking to the company should email Andre Jansen van Vuuren at .
