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Courier companies: This Christmas season cannot compare with last year's

22.12.2008, 17:46 7

The slowdown and even decline of business in the courier market will lead to mergers and acquisitions on this competitive market, so there will be only four or five national companies left by spring, players in this field say. The reduction in company budgets as a result of the crisis meant no holiday season boom, in an otherwise extremely busy period for courier companies. "This year's Christmas period cannot compare with last year's. The December rise is about 20% lower than we expected. Although there is an overall growth, the number of gifts sent by companies is about 60-70% lower than last year," said Adrian Mihai, one of the three shareholders of Fan Courier, who specified that the number of shipments in December was traditionally 50% higher than in a regular month.

 

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