In crisis? Trans Universal has been posting losses since 1999

By the end of last year, its 61.9% stake was taken over by British, Eagle International Trading. "Eagle is an investment company, which invests in sectors with high growth potential. Despite the crisis, the logistics sector has been growing by 10% - 15% annually," said Lesław Moritz, Eagle representative and supervisory board member of TUP. He also added that the first positive results of the company should be posted in the fourth quarter of 2003, while the firm plans to close 2004 slightly in the black. The new shareholder changed the structural organization of the company, its strategy and management board. "The company will gradually turn into a firm managing diverse external fleets of trucks and on contractual carriers," explained Moritz. TUP also disposed of activities, which were loss producing and outside its core activity. (Parkiet, p. 4) M.M