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Jul 24, 2024

ECU eyes 'organic growth' to double its market share in Latin America

Publication: The Loadstar

Cargo consolidation specialist and NVO ECU Worldwide is looking to cement its operations in Latin America, amid signs of roaring demand.

ECU, a wholly-owned subsidiary of Mumbai-based Allcargo Logistics, has a multi-pronged strategy to double its market share in Argentina, Paraguay and Uruguay.

“Latin America offers significant opportunities,” said group chief strategy officer Ravi Jakhar. “We want to significantly strengthen our business presence across all countries, launch several new tradelanes and grow business in existing and new markets.”

While there are no immediate acquisition plans, Mr Jakhar told The Loadstar ECU would expand its network in the region organically, including Central America, over the next year.

“We want to grow twice as fast as the market in the next few years,” he said.

To spearhead this expansion, ECU has appointed Pedro Custodio, a 20-year veteran of the NVO logistics business, as cluster head for the Argentina region, as well as bringing in some 20 new executives at various levels.

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CUSTOMER'S SPEAK

I just wanted to say a big thank you to Mark, Debbie and your teams for the great service we have received from ECU Worldwide. Your willingness and availability at all times are highly appreciated to achieve the service we get from yourselves.

- Allport Cargo Services

Over a period of many years, Diamond Global Logistics have chosen to place business with ECU Worldwide UK. The service given to us by Ian, mark and their colleagues has been exemplary. In our view, ECU have set standards in customer service that other companies can only dream of. We are approached on a frequent basis by ECU’s competitors but no matter what they claim to be able to offer us, we are never convinced as to their abilities to attain the high standards that we seek in our service providers. In these days of rates being seen to be the all-important factor, with service often being an afterthought by many, ECU are a breath of fresh air in the marketplace. The relationship Diamond Global Logistics has with ECU is one that we place great value upon. 

- Diamond Global Logistics
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