Romania's entry into the Schengen Area will bring numerous benefits for the local transport industry, including the elimination of border waiting time, and the increase of transport capacities and the number of orders, according to DSV Road, the third largest global provider of Transport and Logistics services in Europe. The company estimates that accession to Schengen will generate an average increase in business by 20%.
UPS recently announced plans to acquire Bomi Group, an industry-leading multinational healthcare logistics provider. The transaction will add temperature-controlled facilities in 14 countries and nearly 3,000 highly-skilled Bomi Group team members to the UPS Healthcare network in Europe and Latin America.
The transport and logistics industry is on an upward trend in Romania, amid the explosion of demand in eCommerce, despite inflation and the geopolitical context, according to DSV Solutions, the third largest global provider of transport and logistics services.
Raben Group, the European logistics operator, has signed an agreement to purchase 100% of shares of the Austrian company Bexity from its current owner, Mutares. As a result of the transaction, over 500 employees and 16 branches of Bexity, with headquarters in Vienna, joined the Raben family. The transaction was initiated in December 2021 and approved by antitrust authorities in February 2022.
UrgentFreight.EU, the most efficient platform of the type of a transport exchange, is launched on the Romanian market, as a central point for taking over, managing and delivering orders that transit or constitute a point of departure or arrival in Romania.
The Romanian logistics market will have a record demand in 2020, with a transactional volume exceeding the 700,000 square meters threshold, amid the accelerated development of ecommerce and the positioning of Bucharest as a regional logistics hub for a series of international retailers, according to the data of the real estate consulting company Cushman & Wakefield Echinox.
Founded in 1994, Vectra Eurolift Service is the sole distributor for Romania of the Yale Material Handling forklift brand. Currently, the company is a major player in the goods handling equipment market.
The Romanian industrial and logistics market has grown remarkably, in as far as the intensity of both developments and national freight transport is concerned. According to the real estate consultancy company Colliers International, the most active logistics hubs besides Bucharest are Constanta – the eastern most urban center, Alba – located almost centrally and Timis – the most western county in Romania, as these four markets together account for almost a quarter of the national goods transported in Romania via roads.
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