• About
  • Advertise
  • Careers
  • Contact Us
Wednesday, June 25, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business Mobility

SIFAX Logistics Boosts Operations with 13 New Trucks

by Techeconomy
August 18, 2023
in Mobility
1
SIFAX Logistics new trucks
A cross-section of the brand-new MAN Diesel trucks acquired by SIFAX Logistics

A cross-section of the brand-new MAN Diesel trucks acquired by SIFAX Logistics

UBA
Advertisements

SIFAX Logistics Company Limited, the haulage subsidiary of SIFAX Group, has boosted its operations with the acquisition of 13 brand new trucks.

The trucks, which are 33 tons 6×4 MAN diesel vehicles with 400 horsepower, will help the company increase its market share and competitiveness in long-distance and interstate deliveries. This acquisition now brings the trucks in the company’s fleet to 114.

According to Adewale Adetayo, General Manager, SIFAX Logistics Company Limited, the truck additions became necessary due to the upsurge in demand for the company’s haulage services across the country.

He said: “In order to maintain our market dominance and expansion to various new routes within the country, management decided to embark on the purchase of these new trucks. Our target is to expand rapidly and we have mapped out a strategic plan to acquire 200 new trucks before the end of the 2024 business year. This will be done in phases and we have started with 13 for now. We hope to buy another 20 in the next phase of our acquisition plan.”

Speaking on the brand of trucks purchased, Adetayo said the company went for the MAN diesel brand, which is a German product, because of its high rating in the logistics ecosystem, durability, load-bearing capability, driving stability and adaptability.

Dr. Taiwo Afolabi, Chairman, SIFAX Group noted that the company has always braved the odds to invest more in the Nigerian economy during downtimes. “We are aware many businesses are not favourably disposed to investing at this moment due to the prevailing economic reality. But the reality is that some economic activities like production and movement of goods will almost always demand for haulage services even in challenging times. We are scaling up through the acquisition of these trucks because of the huge potential in the industry.

SIFAX Logistics truck
Advertisements
MTN ADS
Adewale Adetayo, General Manager, SIFAX Logistics Company Limited (m) and other management team members of the terminal during the unveiling of the 13 brand-new MAN Diesel trucks acquired by SIFAX Logistics Company Limited recently.

“The economic outlook for the country is looking bright and we know that once the economy bounces back, we would reap the rewards of our investments. Many businesses, both existing and potential clients, continue to reach out to us due to the credibility and efficiency we have achieved over the years. To meet these agreements, we need a larger fleet”, he noted.

Loading

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: SIFAX GroupSIFAX Logistics
Techeconomy

Techeconomy

Next Post
Nutanix Carbon and Power Estimator

Nutanix’s Example of Using Technology to Unmask Environmental Blind Spots

Comments 1

  1. Pingback: Vehicle Maintenance Meets Modern Tech in Fleet Management - Tech | Business | Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Dare Okoudjou, founder and CEO of Onafriq

Onafriq Hits Milestone: Links 1 Billion Connected Mobile Wallets, 500 Million Bank Accounts across Africa

2 weeks ago
Teach For Nigeria Graduates 4th Cohort of Fellows

Teach For Nigeria Graduates 4th Cohort of Fellows

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.