So far this year, the company has opened operations in Vietnam and Hong Kong as well as Shanghai, Beijing and Guangzhou in mainland China. Further growth in the U.S. market is also part of the group's development strategy.
ECS already includes a network of 43 subsidiaries in 32 countries and generates 487,000 tons of air cargo a year for more than 100 airline customers. Airlines, however, want more services from their general sales agents (GSA) and ECS is looking to build on its $600 million per annum turnover by responding to new business opportunities.
'Sheer economics means airlines will continue to consider outsourcing solutions but as well as reducing costs, they are able to see how a large GSA organization can produce revenue and yield growth,' said Adrien Thominet, ECS Group's senior vice president for sales and marketing.
'Enlarging our network is a big part of our strategy according to the major cargo trade lanes and market potential,' he added. 'This is why we are focusing on India, the Far East and the U.S. In China we are close to signing new airline contracts and we do not rule out possible acquisitions in the future.'
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now