Dubai’s Aramex eyes busy Q4, spurred by coronavirus impact on e-commerce

Dubai’s Aramex eyes busy Q4, spurred by coronavirus impact on e-commerce

Dubai-based logistics firm Aramex is expecting to see volume of business ramp up by “well over 100 percent” during the last quarter of the year compared to Q4 2019.

Like many companies, Aramex didn't escape the economic tailspin caused by the coronavirus pandemic, with border closures and grounding of flights leading to a 23 percent drop in Q2 profit, which it said was due to several “unforeseen costs prompted by the global onslaught of Covid-19”.

Aramex CEO Bashar Obeid said growth in e-commerce will continue to drive healthy shipment volumes

However, regional CEO Andy Van der Velde told Arabian Business they were looking forward to a busy end to the year, helped ironically, by the continuing coronavirus struggle.

He said: “We'll have the normal (Christmas) peak, which is people buying gifts for everyone else