time:matters generates record €121.5m revenue in 2018

posted on 16th April 2019 by Justin Burns

Urgent shipment specialist time:matters has reported that in 2018 it posted a record €121.5 million in sales revenue – up 12.5 per cent on its previous record-breaking year in 2017.

The Lufthansao Cargo company said it was able to build on its longstanding positive development in all focus industries and product categories and exceed all growth targets once again.

In 2018, time:matters focused on the sustainable digitisation of its service portfolio and expansion of its global network. The logistics specialist tailored its actions specifically to customer needs, which it says “lays the foundations for its successful growth”.

Among other measures taken, the company added 15 stations in the US and one in Mexico to its Sameday Air network in the 2018 business year, thereby optimising its overseas network coverage.

By acquiring CB Customs Broker and Customs Broker Cargo Handling in September, time:matters invested in the expansion of operational processes and added customs clearance and cargo handling options to its service portfolio.

These offerings cover all standard customs procedures, tailored to individual client needs, including digital solutions for e-commerce logistics. time:matters has thus broadened its unique expertise in shipment and transport control, transport speed and service offering flexibility for customers trading globally.

In 2018, time:matters continued to pursue customer interface digitisation and, as a result, can now offer fully automated tracking information updates, invoicing and other important core elements.

The company has been setting standards in the industry with its unique airmates on board courier platform since 2017, which it continues to upgrade in line with customer needs and requirements.

Revenue generated through time:matters airmates has risen considerably since its 2017 launch. Customers with urgent or sensitive shipments can use airmates to obtain a complete quote for a personally accompanied transport in less than one minute, and then book this in just a few clicks.

Customers from the automotive, high-tech and semicon, life and health, medtech, aviation and aerospace, and logistics sectors were the main drivers of growth in 2018.

“We have again succeeded in achieving record revenue, due in no small part to constant innovations around our core competencies,” said chief executive officer, Alexander Kohnen.

“We will continue on this path in 2019, while working on state-of-the-art digital solutions for our customers and increasing our breadth of industry expertise for our customers in the life&health, automotive and high-tech&semicon segments.

“We are planning further expansion, especially in the Asian market and the U.S., and are also ready for various Brexit outcomes thanks to our many years of experience and flexible logistics solutions.”