Baltic States – CIS, Good for Business, Latvia, Railways, Transport
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 21:23
LDz Cargo – leading transport, logistics, and shipment company in Latvia in 2013
The "Top 10" companies in the transport, logistics, and shipment industry also includes airBaltic (EUR 195.95 million turnover), Latvijas Dzelzcels (EUR 153.2 million turnover), Moller Baltic Import (EUR 112.67 million turnover), Rigas satiksme (EUR 99.4 million turnover), LDz ritosa sastava serviss (EUR 85.8 million turnover), Kreiss (EUR 71.9 million turnover), Skonto metals (EUR 69.7 million turnover), Pro Logistic Services (EUR 54.67 million turnover), and Smartlynx Airlines (EUR 51 million turnover).
The Latvian Business Annual Report 2014 indicates that road transport companies suffered the most due to Russia's political activities.
Latvijas auto President Valdis Trezins explains that road transporters began to feel Russia's influence already in the second half of 2013, as transport prices to Russia decreased due to problems with the rouble. As a result, road transport companies registered a decline in their income. Furthermore, this tendency continued to increase in 2014.