- Aspen Logistics
- Barloworld Transport
- Cane24
- Manline Freight
- Manline Mega
- Manline Energy
- Timber24
- SmartMatta
Eight trucking companies falling under the Barloworld Logistics Group will be affected by the announcement made by group CEO Dominic Sewela of the company’s exit from the logistics sector.
Sewela confirmed on Tuesday that the group will be exiting the logistics business and has also put the automotive business “under business review”.
“The logistics business reported an operating loss of R30 million and the effects of the Covid-19 pandemic will only make things worse. The operating environment has been characterised by general economic deterioration across all of our market segments and business units at varying levels,” said Sewela.
An analyst said there is overcapacity in the logistics industry and Barloworld is not going to get someone to buy it while it’s making those sort of losses.
“The worst is still to come. The March financial results only had a few weeks of Covid-19,” said the analyst.
Barloworld follows Imperial Holdings’ closure of its linehaul and bulk freight business – Imperial Cargo. Thousands of jobs will be lost in the process.
The *move by Barloworld logistics might spell retrenchments for more than 2 500 people.
According to Barloworld Logistics website, the company has 1 078 trucks spread across their diversified logistics business catering for a number of clients in the agriculture, mining, waste, construction and FMCG sectors in South Africa, Botswana and Mozambique.
Here is a list of trucking companies that will close:
Aspen Logistics is the cold chain division of the Barloworld Logistics, it has been in operation from 2003.
Barloworld Transport services the agriculture, mining, waste, construction and FMCG sectors in South Africa, Botswana and Mozambique.
Cane24 brand, Barloworld Transport provides an integrated supply chain solution for the sugarcane industry.
Since 2006 Manline Energy has been moving goods such as fuels, chemicals, gas and non-compatible bulk products across of South Africa and into our neighbouring countries.
Manline Freight has been in operation since 1998 doing general linehaul services in South Africa and into neighbouring countries.
Manline Mega does abnormal and project cargo up to 85 tonnes across South Africa and neighbouring countries.
SmartMatta specialises in waste management with smart solutions and tools to achieve clients’ environmental goals.
Timber24 brand services the forestry industry, it is the largest business of its kind in South Africa
*article edited to reflect exit, not a closure of Barloworld Logistics
