Delamode Baltics Named as Leader of Transport and Logistics in Lithuania

Xpediator Plc, (AIM: XPD) a leading provider of freight management services across the UK and Europe, is delighted to announce that Delamode Baltics has been ranked as the number one leading transport and logistics Company in Lithuania as part of the annual business sector awards sponsored by Verslo žinios, Lithuania’s leading news organisation.

The prestigious Verslo žinios business awards are a significant annual event in the Baltics, recognising those companies who excelled during the past 12 months. Last year, Delamode Baltics, was ranked 7th in the transport and logistics sector. This year, Delamode Baltics has performed very strongly, the awards are evaluated on growth in income, profitability and wages and consequently Delamode Baltics was named as the 2022 leader of the Transport and Logistics sector. The Company now stands as one of Lithuania’s largest in the sector, outperforming many well known hauliage, parcel and freight forwarding companies in both the public and private sector.

Managing Director of Delamode Baltics, Justas Veršnickas, said: “We are truly delighted to have won this award and I am deeply grateful to everyone in our team. This year we benefited significantly from the expansion of our cross-dock terminal in Vilnius, substantially improving both the scope and efficiency of our activities. So that today, we are the largest freight forwarding company in the Baltic States and the leaders of the partial cargo transportation market. This is a source of great pride for our business but we are still ambitious and remain focused on continuing to grow the business.”

Chief Executive Officer of Xpediator, Mike Stone, said: “This is a proud moment for Delamode Baltics and also for the wider Group. On behalf of everyone in our business I would like to congratulate Delamode Baltics for this award and for the Company’s excellent achievements to date. The award is also particularly meaningful given the strength of the competition.”

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