Nor-Cargo

Nor-Cargo AS

Type	Subsidiary
Industry	Transport
Founded	1979
Founder(s)	Bergenske Dampskibsselskab Nordenfjeldske Dampskibsselskab Vesteraalske Dampskibsselskap
Headquarters	Oslo, Norway
Area served	Northern Europe
Key people	Erik Johannessen (CEO) Arne Inge Bjørndahl (Chairman)
Revenue	NOK 3.9 billion (2006)
Operating income	NOK 125 million (2006)
Net income	NOK 87 million (2006)
Employees	1,300 (2007)
Parent	Posten Norge
Website	norcargo.no

Nor-Cargo AS is a Norwegian cargo transport and logistics company and subsidiary of Posten Norge, the Norwegian Postal Service. It operates road, water and air transport. The company operates through 32 Terminals with 1,000 long-distance and 600 distribution trucks. In addition, the division Nor-Cargo Thermo operates 500 temperature-controlled trucks.^[1][2]

History

The predecessor of Nor-Cargo was established in 1967 when Be-No-Ve samseilingen was established by Bergenske Dampskibsselskab, Nordenfjeldske Dampskibsselskab and Vesteraalske Dampskibsselskab. Four years later Ofotens Dampskibsselskab, Narvik Dampskibsselskab and Nordlandske Dampskibsselskab also joined. This was a cooperation between the shipping companies. In 1979 this was taken one step further when Nordsjørederiet Nor-Cargo A/S was founded.

By 1985 this company was operating 16 short sea vessels through the company K/S Nord-Poolen. In 1988 the company RoNoTro A/S was established, and it purchased Bergenske, including the shipping companies K/S Nor-Cargo, Nordenfjeldske, the road transport companies Norske Godslinjer and the thermal transport company Sties Termo-Transport and the air cargo company NECAS, from Kosmos. By 1993 these companies had merged to one. The company continues to purchase a number of transport companies throughout the country, including many Nor-Cargo branded transport companies.^[3] In 1999 the company was renamed Nor-Cargo ASA before getting its present name in 2004 when it is purchased entirely by Posten from the previous owners Det Stavangerske Dampskibsselskap and Ofotens og Vesteraalens Dampskibsselskab.^[4] In 2005 Nor-Cargo also bought the road company HSD Transport.^[5]

In 2006 Nor-Cargo strengthened their position on the European continent by buying Scanex in Zwijndrecht, Holland. Scanex had been functioning as agent for Nor-Cargo since 1989.

Nor-Cargo opened office in Houston, Texas in 2007 under President Sten Svendsen.

References

1. ^ staff. "Nor Cargo Holding ASA". Business Week. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=22582306. 
2. ^ NorCargo. "Nøkkeltall" (in Norwegian). http://www.norcargo.no/AboutNorCargo/Nokkeltall/. Retrieved 2005-10-26. 
3. ^ NorCargo. "Historie Nor-Cargo" (in Norwegian). http://www.norcargo.no/AboutNorCargo/Historie/NorCargo/. Retrieved 2005-10-26. 
4. ^ Posten Norge (2004-06-09). "Nor-Cargo agreement approved". http://www.posten.no/Portal/English/Press+releases+archive/2004/June/NorCargo.htm. 
5. ^ Bergens Tidende (2005-12-09). "-Ingen får sparken i HSD Transport" (in Norwegian). http://www.bt.no/lokalt/article227818.ece.