1/27/2014

Austrian logistics giant enters Turkish market

Dünya – With a unique location at the intersection point of the large land masses of Europe, Asia, the Middle East and Africa, and a foreign trade volume that is expected to increase threefold in the next 10 years, it is no wonder Turkey is emerging as a hub for global logistics companies.


Austria-based transport and logistics service provider Gebrüder Weiss (GW) has opened its first branch office in Istanbul, Turkey. Offering overland transport, multimodal solutions and air&sea freight services, GW’s Turkish branch will also serve as a gateway to the Caucasus region and the Near East, two growing export markets for Turkish producers.


“Turkish producers steered strongly towards the Near East during the last crisis in 2008, enabling them to absorb the negative economic effects relatively well”, said Thomas Moser, GW’s Regional Manager South East/CIS.


Another GW executive, speaking about Turkey’s large scale infrastructure projects and long-term foreign trade targets, said that 10 large container ports will enter service by 2023, the centennial of the Republic. “The export trade volumes for Turkey are expected to increase to USD 500 billion dollars by 2023”, said Vojislav Jevtic, GW’s Regional Manager Air & Sea Turkey/Caucasus, highlighting the country’s high potential.

 

Among notable entrants in the Turkish logistics market in recent years are the Japanese companies; Yusen Logistics, which established its Turkish division in 2012, and Hitachi Transport Systems, which acquired majority stakes in Turkish Mars Lojistik last year.

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