The freight and logistics firm said all of its divisions that were impacted by the Coronavirus pandemic were now trading positively, while its business had also profited from the effects of Brexit
() said it is “well placed to exceed market forecasts” for its current financial year as the company said demand for its transport and logistics services has remained strong.
In a trading update for the first five months of 2021, the company said all of its divisions that were impacted by the Coronavirus (COVID-19) pandemic were now trading positively, adding that its business has also benefitted profitability from the effects of Brexit as additional customs paperwork drove revenues higher.
The company also said its rebranding programme has “progressed significantly”, while its fashion logistics business was seeing “a strong sales pipeline”.
Xpediator added that it has completed a new purpose-built 200,000 square foot warehouse facility at Southampton’s Container Port, which it expects to increase capacity and efficiency as well as enhance margins.
“We believe the actions we are taking across the business are bringing the group closer together, resulting in individual teams working together better and utilising a more efficient and scalable base, all of which support our objective of becoming a leading international freight management and logistics provider. While the majority of the group’s profit is earned in the second half of the financial year, we have made a strong start to 2021 which positions us well for the full year and beyond,” Xpediator chief executive Robert Ross said in a statement.