Nils Planzer, CEO of logistics company Planzer, faced a tough decision when he decided to acquire struggling competitors Quickpac and Quickmail. Despite initial hesitations, the move was surprising given the intense competition in the logistics industry, where profit margins are razor-thin. However, Planzer’s motivation was clear: he wanted to prevent foreign competitors from buying the companies and expanding their presence in the Swiss market.
The acquisition added to Planzer’s existing package delivery business, which is still not profitable. However, he remains optimistic about the parcel business and is focused on reaching profitability in the coming years. The company also operates in warehouse logistics and general cargo transport, which contribute significantly to revenue.
Planzer’s expansion into letter delivery with the acquisition of Quickmail presents a new challenge for the company. The business has struggled due to declining letter volumes, but the move was relatively inexpensive for Planzer. The company aims to understand the new business and turn it around in the coming years.
Despite its growth, Planzer has faced challenges with poor working conditions for drivers in the package delivery business. The company has worked to address these issues and recognizes the importance of treating employees fairly and with respect. Nils Planzer emphasizes that employees must feel proud of working for the company if it wants to succeed in future years.
