Turnover on Bulgarian Logistics Market Back to Pre-crisis Levels - Survey

Turnover on Bulgarian Logistics Market Back to Pre-crisis Levels - Survey

The annual turnover posted by most local freight and logistics companies in 2011 reached its pre-crisis levels from 2008, according to a survey conducted by the Bulgarian Association for Freight Forwarding, Transport and Logistics (NSBS).

Some 78% of the survey responders confirmed that last year their business picked up, as the volume of transported goods reached a level comparable with that before the economic crisis, NSBS said in a statement on Wednesday.

"The data is encouraging, given that the transport and logistics sector is one of the markers for overall economic development," the statement quoted NSBS deputy chairman Ivan Petrov as saying.

The greatest contribution to this upward trend came from companies from the pharmaceutical, manufacturing, metallurgy and energy sectors.

Data from the survey also showed that last year 15% of the logistics companies made significant investments and another 15% are planning such in the next 12-18 months. In 2012 every second company plans to hire new employees, and only 2% of managers said they would make staff cuts.

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