Ceva Logistics says its turnover has risen to €6.2bn in the three months following its acquisition of US-based forwarder Eagle Global Logistics. But although the firm is currently growing at around 4% year-on-year, chief executive officer John Pattullo says the combined firm can do much better.
"We must be able to do better than the market to prove our mettle. But this will be a challenge and will represent a cultural change for the former TNT side of the business. It didn't have the systems
in place to drive growth." The firm's current target is to hit turnover of €10bn by 2010, a growth rate of around 15% year-on-year.
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