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EV Cargo, formed in 2018 when six operators, including Allport, were combined by a private equity company, has announced expansion plans and a new management team.
The company, headquartered in Hong Kong, said this morning it aimed to more than double its revenues, to $3bn, by 2025 via organic growth and acquisitions.
“With an active pipeline of acquisition candidates and well-developed M&A capabilities, EV Cargo plans to build on its strong geographic footprint in Asia and Europe, as well as expand into the US,” noted the company.
EV Cargo has recruited Paul Coutts, CEO of SingPost, and previously Toll Global Forwarding, who joins as chief operating officer.
Other management shuffles include Michael Conroy, CEO of EV’s Palletforce Express, who becomes CEO of EV Cargo UK, and EVP business development Ross Eggleton becomes the UK’s chief operating officer.
EV Cargo’s technology CEO, Craig Sears-Black, has taken on the new role of EVP growth & innovation, while Duncan Grewcock becomes CEO of technology.
Clyde Buntrock, CEO of Global Forwarding, will also have an expanded role, with the global technology division reporting to him, Andy Humpherson, CEO of EV Cargo Solutions, will expand his role to include the owned fleet transport, while Wendy Dean joins as EVP people.
Heath Zarin, founder and CEO of EV Cargo, said: “EV Cargo is on target to surpass $1.5bn of annual revenue and continues to provide excellent service to our customers during an incredibly challenging time for global supply chains. Thanks to years of hard work by some of the brightest people I have ever worked with, EV Cargo enters this next phase of development from a position of strength, as we power the global economy by providing technology-enabled supply chain services.
“We are all very excited about our plans for growth and expansion and I am thrilled that we have managed to assemble such an incredible team of people.”