Red Star Express inaugurates three logistics strategies
Category: Investors NewsBeat
April 1, 2011 by Ronke Badmus
Red Star Express, in line with the dynamics of the industry, has expanded its operations by inaugurating three new subsidiaries.
A statement made available by the company on Thursday said that the three new subsidiaries, Red Star Freight Limited, Red Star Logistics and Red Star Support Services, were inaugurated to deliver logistical services in a one-stop-shop platform that would give it an edge above competitors.
According to the statement, the sectors will be responsible for air and sea freighting of private and commercial heavy weights, clearing and forwarding, as well as packaging and removal services. They will also be responsible for ground trucking and haulage services and provision of human capital and facilities for banking, oil and gas and multinational industries.
The Managing Director of the firm, Mr. Sule Bichi, said that the decision to establish the subsidiaries was based on the new strategy that evolved after a management retreat, where the company unfolded a five-year strategic plan with a vision to be the logistics company of first choice known for global best practices.
“Our company seeks to further meet its clients’ demands and the ever changing needs by setting up subsidiaries to handle the peculiarity of each one of them,” Bichi said.