Alonso Group doubles its business with the rise in freight rates and is close to 1,000 million

The sharp rise in shipping prices became a real nightmare for most companies after the pandemic. However, for one of the largest Spanish freight forwarders, the Valencian Alonso Group, the fever unleashed by container freight costs has allowed it to practically double its income in one year. The group reached last year a consolidated turnover of 969 million euros96% more than in the previous year.

Most of this income is linked to what is its main business area, transport and logistics, traditionally linked to the port of Valencia. Its main line is the activity as maritime freight forwarder, which the group channels through its brand Alonso Forwarding and the subsidiaries of its company Operinterwith dozens of delegations and freight forwarders in the ports of the five continents.


In fact, despite the pandemic, the Valencian operator has opted to continue expanding its international network, with openings in Panama or expanding its presence in India.

From the company they consider that this commitment to growth has also contributed to the strong jump experienced last year, which allowed its logistics division to exceed 777 million euros.

As a whole, the group moved a volume of 306,090 TEUs (the standard twenty-foot container) last year, which allowed it to enter for the first time among the 50 largest freight forwarders in the ranking prepared by Transportation Topics and be the only Spanish firm in it. A takeoff that also catapulted the consolidated profit of its holding company Eurotransac, up to 32.6 million euros, triple that of 2020.

The branches of activity

The Alonso family group, which was born linked to road transport and trucks 60 years ago, also owns a shipping company and its own port and railway terminals. But also in recent decades it has diversified its activity into businesses linked to renewable energy and leisure and services.

Its strong commitment to photovoltaic solar, which includes the promoter Diverxia and the manufacturer of solar trackers Axial, has also allowed it to reach 161 million. In addition, the group owns the Legendario rum brand, a marina near Valencia and operates the concession for the cultural and leisure area of ​​the Chamartín station in Madrid.

Source: www.eleconomista.es

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

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