Cargo Carriers is one of southern Africa’s leading providers of supply chain and transport logistics solutions. Cargo’s history stems back to 1956, when the company was established by Desmond Bolton in Johannesburg.
Cargo Carriers shares have been available to buy on the Johanneburg Stock Exchange (JSE) since 1987, at which time the company was one of the largest privately owned transport operations in South Africa.
The company today has a footprint stretching from Cape Town to the Democratic Republic of Congo, with services for sale to the mining, agriculture, fuel, sugar, steel, chemicals, powder and gas industries. Cargo also provides innovative supply chain management consulting and implementations services.
Some of the company’s milestones include introducing South Africa’s first eco-friendly Euro IV fleet and 24/7 scheduling in the steel industry.The company currently has 3 500 wheels on the road and employs 1 100 employees. Turnover for the 2015/16 financial year stood at R592 million, while Cargo Carriers share price has recorded sharp drops.
Cargo Carriers Shares Growth Driver
Tough economic conditions have recently slowed what has historically been an impressive growth path for Cargo Carriers. The company’s 2016 annual report shows that performance and financial data were considerably hampered by strike action, the weakening of the rand and volatility within Cargo’s customer industries. Taxing trade conditions in the mining, sugar and steel industry all impacted the group’s overall performance.
Operations in Zambia and Namibia were constrained by falling mining sectors, and Cargo made the decision put its Zambian operation up for sale, resulting in a R213 million loss of revenue but increased profitability through the sale.
Mining, agriculture and steel all suffered in the South African market. Despite all the challenges, Cargo managed to maintain satisfactory results by deciding to buy into cost efficiency, lowered capital expenditure and implementation of new technology to improve client service and business outcomes. Turnover remained fairly constant, whilst operating profit only declined by 2.8%.
Cargo Carriers has forecast that business conditions may remain difficult for some time, but the company will continue to explore opportunities for acquisitive growth through geographic or sectoral expansion of its existing portfolio. A focus on innovation and close customer relations has been mooted as a crucial driver of growth in the future.
Cargo Carriers Group Investor Tip
In terms of revenue and operating profits, Cargo Carriers has dealt well with the difficult business environment, but the live online stocks chart illustrates that Cargo Carriers shares have suffered sharp drops recently after a strong performance in 2014. As of June 2016, Cargo Carriers share price stood at R 11.80, compared to a high of R 28 in 2014, with investors reluctant to buy the shares.
Market conditions are still volatile and could continue to affect Cargo Carriers profits for the foreseeable future. Most investors will therefore view Cargo Carriers shares as a risky purchase.
Cargo Carriers Major Shareholders
Cargo Carriers Holdings, BB Invest Co, A Hurwitz.
Transportation & Logistics
How to buy Cargo Carriers Group Shares
Cargo Carriers : How to buy Cargo Carriers Group Shares Online
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