HOCO – News

Integrating the business activities of Hofstetter + Co. AG HOCO Logistics

Basel, December 2022

Dear Customers and business partners

In our letter of November 2022 we informed you about the integration of the business activities of our subsidiary Hofstetter + Co. AG HOCO Logistics into Transfreight AG with effect from 1 January 2023.

We’re now pleased to inform you that the integration of the business activities, the merging of the operational and administrative departments and the division of labour and responsibilities is proceeding according to plan.

Customer satisfaction is the primary goal at the centre of all these measures!

The telephone numbers of your well-known contact persons remain unchanged. The previous HOCO e-mail addresses will also remain the same during the transition period. In addition, you can reach us via the mail addresses of the various departments as below.

New company and billing address from 1 January 2023

Transfreight AG
Leimgrubenweg 6
P.O. Box
4002 Basel

VAT number CHE-103.134.927MWST

Bank details

Please update your master data accordingly. If you have any questions, please don’t hesitate to contact the undersigned. You’ll also find further information on our company and services in the internet at www.transfreight.ch.

We look forward to your continued trust in us and constructive cooperation with us.

Thank you very much in advance.

Kind regards

Transfreight AG

Andres Epting / Attila Francz

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Contact:

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The development of transport costs in 2023

Basel, November 2022

Dear Customers and business partners

We’d like to take this opportunity to thank you cordially for our good collaboration, and your loyalty to and trust in our employees and our services.

With this letter, we’d like to inform you about the expected development of transport costs in 2023.

We expect to be confronted by significant increases in our purchasing and production costs in the coming year. The reasons for these cost increase are manifold.

We expect the economy to continue to experience procurement bottlenecks next year, with the concomitant disruption of the supply and logistics supply chains. Continuing demand for freight space, combined with a shortage of drivers, is expected to lead to rising freight and wage costs. In addition, energy and infrastructure costs, as well as investment in digital processes and cyber security are cost drivers that make an adjustment of our tariffs inevitable.

On the basis of these indicators we will unfortunately be obliged to adjust our tariffs for 2023 to the specific circumstances and raise them by 6-9.

Thank you for your understanding for these necessary adjustments. Naturally we will make every effort to maintain our service levels at the high standards that you’ve become used to from us.

We’re looking forward to working together again next year. Here’s to successful business in the last few weeks of this year.

Hofstetter + Co. AG
HOCO Logistics

Attila Francz / Andres Epting

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Integrating our business activities into our parent company Transfreight AG

Basel, November 2022

Dear Customers and business partners

In January 2015, the owner-managed forwarding and logistics company Transfreight AG, founded in Basel in 1980, acquired 100% of the shares of Hofstetter + Co. AG HOCO Logistics, based in 4142 Münchenstein.

With this letter we would like to inform you that the business activities of these two companies will be merged on 1 January 2023, and will be continued under the name Transfreight AG. In the course of this merger we expect synergies and simplification in the fields of governance and compliance, as well as in our administrative organisation and operational work processes, for the benefit of our customers’ satisfaction. In addition, we are optimising the quality and efficiency of cooperation in the global partner and agent networks of the two companies.

Existing contracts, agreements, rights and obligations will be taken over and automatically transferred to Transfreight AG. The current contact and billing addresses as well as bank details will remain in place. In a separate letter from Transfreight AG we will inform you as soon as possible of any adjustments required as part of this integration.

Thank you for taking note and for our good cooperation, which we look forward to continuing in the future.

Hofstetter + Co. AG
HOCO Logistics

Attila Francz President of the Board / Andres Epting Deputy President of the Board

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Integration HOCO SA into the Transfreight Group

Basel, March 2022

Dear Customers and Partners,

We would like to thank you very much for your loyalty and trust in us, for several years now, and we are looking forward to continuing our excellent cooperation.

With the transfer of HOCO Logistics Geneva to Transfreight AG, we are pooling the expertise of our international group and aim to develop the inventive genius and power of innovation for the benefit of our customers.

In concrete terms, this means that Transfreight SA - Geneva is the new name of Hofstetter + Co SA, better known as HOCO Logistics Geneva. The brand HOCO Logistics Geneva has been merged with the brand Transfreight AG.

This decision allows us to strengthen our position in the field of international logistics and to guarantee you a much more complete air, sea and land logistics solutions as well as a wide range of supply chain solutions.

With great tradition and passion, we have been developing and optimizing logistics solutions that are perfectly adapted to the current economic situation for over 42 years. We stand for trust, quality and customer service. This remains our main goal, priority and promise towards our clients.

Today, please change our company name to Transfreight SA - Geneva in your database.

Transfreight SA - Geneva
Chemin des Epinglis, 21
CH-1257 La Croix-de-Rozon

Telefon +41.22.366.46.26
Web www.transfreight.ch Extern
VAT CHE-103.134.927

We would like to confirm that your current contacts within HOCO Logistics Geneva will not change. lt is not a question of changing a well established team, this change of company name is purely "structural". They are and remain your privileged interlocutors.

Transfreight SA will remain your trusted partner in logistics.

We would like to thank you once again for your trust and loyalty and remain at your disposal for further information.

Best regards,

Attila Francz / Andres Epting

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The expected development of transport costs in 2022

Basel, November 2021

Esteemed customers and business partners

The end of the year is around the corner, so we'd like to take this early opportunity to thank you for our good collaboration, and your loyalty to and trust in our services and employees.

We expect the economy to continue to experience procurement bottlenecks next year, with the concomitant disruption of the logistics supply chains. The prices for air and sea freight transport services will remain high and costs in European goods transport will continue to rise.

lncreasing demand, a shortage of capacities in all modes of transport, rescheduling on account of supply bottlenecks, substantial extra efforts needed to manage the challenges of logistics, investment in digital processes and cyber security, as well as further factors driving up costs will all lead to rising transport and logistics costs.

All in all the above-mentioned factors will lead to significantly spiralling costs, which has prompted us to raise our prices by 4 – 6 % next year, in accordance with these circumstances.

Thank you for your understanding for these necessary adjustments. Naturally we will make every effort to maintain our service levels at the high standards that you've become used to from us.

We're looking forward to working together again next year. Here's to successful business in the last few weeks of this year.

Hofstetter + Co. AG
HOCO Logistics

Attila Francz (CEO, COB) / Andres Epting (CEO, Vice COB)

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