Air and Ocean declined at NTG in tough pandemic year

A tough 2020 hit the Air and Ocean division at logistics company NTG the hardest. The business leg shrunk in size and some entities have scaled or shut down. Meanwhile, the overall business grew on the bottom line and the 2021 guidance predicts improvement.

Photo: PR / NTG

A tough 2020, during which the coronavirus pandemic tore through the world, hit the Air and Ocean division at logistics company Nordic Transport Group (NTG) the hardest.

Over the past year, the business leg shrunk 12.8 percent, while the core business Road and Logistics grew 3.7 percent, reveals NTG's recently published 2020 annual report.

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