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            november 22, 2008

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Consolidated cargoes – global project of STS Logistics

  19.02.2008    

In a move to extend range of services provided by STS Logistics in the field of cargo transportation, the Company has launched active


promotion of the project “Consolidated cargoes”. At the today’s development stage of the logistics services, this type of services is being especially popular among the clients. At the same time, the qualitative work in this field requires from the Company the wide geographic coverage, free warehouse areas for consolidation and unconsolidation of cargoes as well as heavy investments.
On Monday, February 18, the president at STS Logistics, Rustam Yuldashev (Рустам Юлдашев) informed Board of Directors of the Company on the actual launch of the project “Consolidated cargoes”. He underlined that the extensive infrastructure of the Group will largely contribute to the successful implementation of the project. This include more than 30 offices in Russia, CIS and other foreign states, the agency network that covers 60 cities of CIS countries. Already today additional offices are opened in Moscow, St Petersburg, Nizhniy Novgorod, Kazan, Krasnodar, Rostov-on-Don, Samara, Tolyatti, Chelyabinsk and Yekaterinburg to provide for the operations of “Consolidated cargoes”. By 2010 STS Logistics is planning to open 17 more offices. This Company’s direction is being implemented in parallel to the development of the warehouse infrastructure and STS Logistics has already invested in the project more than $1 million USD. Today approximately 120 Company’s employees are working in different regions of Russia. For the operational functioning of the project the whole budget policy and the system of the key performance indicators was worked out, involving approximately 6,000 m2 of the regional warehouse areas.
In accordance with the group’s plans, the project “Consolidated cargoes” is to become break-even after the first quarter of 2008, and by the end of the years should already provide the return on investments. As for the prospects of the handling volumes, this is to be about 80,000 m3 of different types of cargoes per month.

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