Newcastle and Durham Tees freight companies merge
26.06.08
Camair Freight, based at Newcastle Airport Freight Village, has merged with Durham Tees Valley Airport Cargo Terminal based company BS Freight, to form Camair Freight Solutions, the freight division of Casper Shipping Limited.
Both firms were bought last year by parent group Casper Shipping, based in Middlesbrough, before the 136-year-old raw materials carrier decided to bring them together to break new markets.
The new air freight company expects to grow its turnover from £1.5m to £20m in the next five years as it taps into the rapidly expanding Middle East oil and gas market. The two firms will increase the amount of equipment they export to foreign oil companies to help speed up plans to launch freight operations at other airports, including Heathrow.
Managing director of Camair Freight Solutions, Paul Bramley, said: ‘Despite the gloom surrounding our industry, borne out of ever increasing fuel prices, we have ambitious plans for growing the business.'
‘Increasingly our clients are seeking tailored freight solutions that require the flexibility of a lean organisation, yet the muscle of a large, well connected parent. We have both and it’s of great benefit to our many customers.'
‘We are now focusing on developing these two very well established companies and investing in them to create the successful model for our business which will realise our vision over the next five years.’
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