Cargostore invests to support business growth

Specialist container leasing company Cargostore International is to replace its current in-house software with the Rental4000 lease management system from Real Asset Management plc (RAM). The decision follows a period of rapid expansion for the UK-based leasing company.
Cargostore provides a wide range of container specials under a variety of lease and sale arrangements to a diverse client base, including shipping lines, logistics companies, government agencies, exporters, importers, the construction business, offshore industry, retailers and storage and removals companies. The company currently operates a fleet in excess of 25,000 Financial TEU, with a high proportion of reefer containers and special equipment.
 “Our ability to meet specific requirements for challenging projects worldwide has helped us to double our annual profits every year for the last three years,” said Paul Barry, a Director of Cargostore. “We grew our staff base by a third last year and we are continuing to recruit to fill specific roles.”
Barry added that Cargostore is now working on a variety of special projects with major logistics companies and food suppliers. Further growth for the company is expected to come particularly from more challenging markets such as Africa, the Middle East and the Sub Continent.  
Cargostore originally developed its own fleet management system using Microsoft Access. However, after 12 years and with healthy business growth, the company needed a more sophisticated and reliable system that could manage larger fleet and data volumes and provide more detailed management information. 
“We chose RAM because the application seems to exactly fit our requirement.  Having seen a presentation of the software, we were more than satisfied that it could meet all of our requirements.  We particularly liked the fact that there was an impressive range of standard reports and a user friendly method of producing our own custom reports,” noted Barry.
“We are delighted to be working with Cargostore and look forward to completing the implementation and putting the right processes in place for a further period of growth,” said Craig Anthony, General Manager for RAM. “It is fantastic to see a UK company in the intermodal industry that is flourishing, despite the economic climate. By having effective systems in places, companies such as Cargostore can reduce administrative costs, improve operational efficiency and remove the headache of managing in-house IT development.”
 

Source: Transportweekly