In a bid to meet the evolving freight market demands and also boost operations, SIFAX Logistics Company Limited, the haulage subsidiary of SIFAX Group, has expanded its truck fleet size to 114 with the acquisition of 13 brand new trucks.
It was reported that the new trucks, which are 33 tons 6×4 MAN Diesel vehicles with 400 horsepower, are expected to boost the company’s operations by increasing its market share and competitiveness in long distance and inter-state deliveries.
This online news medium understands that Muyiwa Akande, Group Head, Corporate Communications of the Company made this known in a statement made available to Journslists, yesterday.
In the statement, Adewale Adetayo, General Manager, SIFAX Logistics Company Limited, noted that the truck additions became necessary due to the upsurge in demand for the company’s haulage services across the country.
To him, “Management concluded plan to unveil these new trucks in order for the Company to maintain it’s market dominance and expansion to various new routes within the country.
“Our target is to expand rapidly and we have mapped out a strategic plan to acquire 200 new trucks before the end of the 2024 business year. This will be done in phases and we have started with 13 for now. We hope to buy another 20 in the next phase of our acquisition plan, ”he said.
On why the company settled for MAN Diesel Brand, a German Product, Adetayo explained that the vehicles have a high rating features that meet the evolving freight market demands.
“Its features are high rating in the logistics ecosystem, durability, load-bearing capability, driving stability and adaptability,” he stated.
Dr. Taiwo Afolabi, Chairman, SIFAX Group, in the statement noted that the company has always braved the odds to invest more in the Nigerian economy during downtimes.
“We are aware that many businesses are not favourably disposed to investing at this moment due to the prevailing economic reality. But the reality is that some economic activities like production and movement of goods always demand for haulage services even in challenging times. We are scaling up through the acquisition of these trucks because of the huge potential in the industry.
“The economic outlook of the country is looking bright and we know that once the economy bounce back, we would reap the rewards of our investments. Many Clients, both existing and potential ones have continue to reach out to us due to the credibility and efficiency we have achieved over the years. To meet these agreements, we need a larger fleet”, he noted.
