28th July 2025 - Analytiqa's complimentary weekly bulletin to assist you to stay ahead of all the latest news and developments across the global supply chain
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Welcome to the latest edition of Analytiqa's weekly Logistics Bulletin reviewing the calendar period of 21 July 2025 - 25 July 2025
This week’s Logistics Bulletin reports on a solid operational performance in the first half of 2025 for Kuehne + Nagel, despite a wide range of external challenges. Net turnover increased by 8.0% as gross profits climbed 4.0%. EBIT was down 4.0%. Q2, 2025 saw net turnover increase 2.0%, as gross profit fell 1.0% and EBIT declined 15.0%.
There was positive news on volumes. In Sea Logistics, the Company increased volumes by 2.0%, and in Air Logistics by 7.0%, well above overall market growth. Notably, Kuehne + Nagel recorded substantial market share gains on the ocean trade route from Asia to Europe. Following “Liberation Day”, demand and rates for Sea Logistics services were volatile, but the Company successfully offset declining volumes to and from the US with gains in other markets.
The Air Logistics business unit achieved particularly strong growth in perishables, semiconductors, and cloud infrastructure (hyper scalers). Net turnover in the business unit Road Logistics was down 1.0% in H1, 2025, with EBIT down 29.0%. The road network remained underutilised due to subdued demand in European markets. In Contract Logistics, operationally, the second quarter of 2025 was the strongest in the history of the business unit.
Corporate & Market News | Service Developments | Outsourcing News | Warehouse & Distribution Centre News | Technology | Fleet & Environmental | Personnel & HR Developments
24-07-2025
The Kuehne + Nagel Group achieved solid operational performance in the first half of 2025, despite a wide range of external challenges. Net turnover increased by 8.0% year-over-year to CHF12.5 billion, or by 12.0% when adjusted for foreign exchange effects. Gross profits climbed 4.0%. EBIT totalled CHF744.0 million, down 4.0%, and earnings was CHF555.0 million, also down 4.0%. Volumes increased significantly, particularly in Air Logistics.
Q2, 2025 saw net turnover increase 2.0%, as gross profit fell 1.0% and EBIT declined 15.0%.
A solid operational performance in the first half of 2025 demonstrated resilience in a challenging market environment. The push of strategic sales initiatives is proving to be highly effective. In Sea Logistics, the Company increased volumes by 2.0%, and in Air Logistics by 7.0%, well above overall market growth.
Profits in H1 2025 were impacted by negative currency effects of 3.0% (CHF24.0 million) and by one-off expenses in Contract Logistics of CHF16.0 million (recorded in Q2). The strongest currency headwinds occurred in Sea Logistics – as it is a US Dollar-based business – followed by Air Logistics and the other business units.
Net turnover in the business unit Sea Logistics rose by 16.0% year-over-year in the first half of 2025, reaching CHF4.7 billion. Gross profit climbed 8.0%. EBIT amounted to CHF368.0 million, down 7.0%, significantly impacted by negative foreign exchange effects. The conversion rate was 34.0%. In the first half of 2025, container volume increased by 2.0% year-over-year to 2.1 million TEU. Notably, Kuehne + Nagel recorded substantial market share gains on the trade route from Asia to Europe. “Liberation Day” marked a turning point in Q2 2025. Following this, the US Dollar entered a pronounced weakening phase and uncertainty around tariffs increased sharply. Demand and rates for Sea Logistics services were correspondingly volatile. In this environment, Kuehne + Nagel successfully offset declining volumes to and from the US with gains in other markets.
Net turnover in the business unit Air Logistics increased by 8.0% year-on-year in the first half of 2025 to CHF3.6 billion. Gross profit increased 6.0%. EBIT increased at a faster pace rising by 10.0% to CHF230.0 million. The conversion rate was 26.0%. In the first half of 2025, air freight volumes increased by 7.0% year-over-year to 1.1 million tonnes. The Air Logistics business unit achieved particularly strong growth in the segments of perishables, semiconductors, and cloud infrastructure (hyper scalers), a promising field that Kuehne + Nagel is actively pursuing.
Net turnover in the business unit Road Logistics was CHF1.8 billion in the first half of 2025, down 1.0%, with EBIT of CHF47.0 million, down 29.0%. Gross profit fell 0.3%. The road network remained underutilised due to subdued demand in European markets. With the acquisition of Spanish groupage logistics provider TDN, Kuehne + Nagel further strengthened its presence on the Iberian Peninsula and significantly expanded regional coverage for customers. The transaction was completed at the end of the second quarter of 2025.
Net turnover in the business unit Contract Logistics was CHF2.4 billion in the first half of 2025, up 1.0%, with EBIT at CHF99.0 million, down 6.0%. Gross profit grew 1.0%. The result was impacted by an extraordinary provision of CHF16.0 million related to an ongoing cross-industry investigation in Italy. Operationally, the second quarter of 2025 was the strongest in the history of the business unit. In June 2025, Contract Logistics expanded its long-standing partnership with Louis Vuitton and opened a new distribution centre in Tokyo to serve the Japanese market.
Looking ahead, underlying earnings assessments and expectations for 2025 are unchanged. In light of currency headwinds alone, Kuehne + Nagel now expects a recurring EBIT between CHF1.45 billion and CHF1.65 billion.
24-07-2025
Ryder System, Inc. reported results for the three months ended 30 June 2025. Total revenues were up 0.2% from Q2, 2024 at US$3,189.0 million. It delivered a third consecutive quarter of double-digit growth in earnings per share. Earnings in the second quarter were above expectations driven by better supply chain performance, partially offset by additional used vehicle wholesale volumes. Ryder remain on track to achieve expected benefits in 2025 from lease pricing and multi-year maintenance cost-saving initiatives, acquisition synergies, and optimisation of its omnichannel retail network. The ability to generate ROE of 17.0% in the current environment continues to demonstrate consistent execution and the resilience of a transformed business model.
SCS delivered another quarter of record earnings, marking nine consecutive quarters of earnings growth. Execution of strategic initiatives and new business were the key drivers of strong SCS performance. DTS earnings were up slightly as acquisition benefits and solid operating performance were offset by lower fleet count, reflecting the prolonged freight market downturn. In FMS, contractual earnings growth, driven by initiatives, partially offset weaker market conditions in used vehicle sales.
Fleet Management Solutions: contractual earnings growth partially offset weaker market conditions in used vehicle sales
FMS total revenue decreased 1.0% and operating revenue increased 1.0%
Total revenue reflects lower fuel costs passed through to customers and fewer gallons sold
FMS EBT of US$126.0 million, decreased 6.0%
Supply Chain Solutions: double-digit earnings growth reflects continued strong operating performance
SCS total revenue and operating revenue increased 2.0% and 3.0%, respectively
Total revenue primarily reflects increased operating revenue
Increase in operating revenue driven by new business as well as higher customer volumes and pricing
SCS EBT of US$99.0 million, up 16.0%
EBT growth primarily reflects operating revenue growth and improved performance from optimisation of omnichannel retail network
Dedicated Transportation Solutions: Earnings include acquisition synergies offset by lower fleet count reflecting freight market conditions
DTS total revenue and operating revenue decreased 5.0% and 3.0%, respectively
Primarily due to lower fleet count reflecting prolonged freight market downturn
DTS EBT of US$37.0 million, up 1.0%
Due to acquisition synergies and prior year integration costs, partially offset by lower operating revenue
Looking ahead, Ryder continue to expect earnings growth in 2025 reflecting ongoing execution on its initiatives and the strength of its contractual businesses. Its 2025 free cash flow forecast has been increased by approximately US$500.0 million to reflect lower capital spending and the permanent reinstatement of tax bonus depreciation. The top end of a revised earnings forecast range primarily reflects a more muted second-half recovery for used vehicle sales and contractual sales headwinds from ongoing macroeconomic uncertainty. The Company is forecasting full year revenue growth of 1.0%.
24-07-2025
In the second quarter of 2025, ID Logistics continued to record solid revenues growth. All geographic regions grew, particularly the US, with an increase in activity of more than 30.0% at constant exchange rates. In addition, the number of tenders remains high. With already about fifteen new operations already launched since the beginning of 2025, ID Logistics is on track with its business plan and should record another year of growth in 2025.
ID Logistics posted revenues of €893.9 million in the second quarter of 2025, up +14.3%. Adjusted for an overall unfavourable currency effect during the quarter, growth was +16.5% compared to the second quarter of 2024, while the basis for comparison was particularly high (+16.0% in Q2, 2024).
During the second quarter of 2025, the following trends were particularly noticeable:
> Very strong activity in France (27.0% of Group revenues) with growth of +15.9%, continuing the strong rebound observed since the fourth quarter of 2024;
> Good revenues growth in Europe excluding France (47.0% of Group revenues) +10.2% on a like-for-like basis;
> Very strong momentum in the US (18.0% of Group revenues), with revenues up 31.8% on
a like-for-like basis;
> A 28.1% increase on a like-for-like basis for Latin America and Asia (8.0% of Group revenues);
During the second quarter of 2025, the Group launched eight new projects.
ID Logistics thus ended the first half of 2025 with revenues of €1,761.7 million, up 16.0%, including 17.1% at constant exchange rates. During the first six months of 2025, ID Logistics started 14 new projects, a similar level compared to H1 2024.
ID Logistics responded to a steady stream of tenders during the second quarter of 2025. For example, the Group won or started the following new contracts:
> In France, La Redoute, the French leader in fashion and home eCommerce, has entrusted ID Logistics with the outsourcing of its main logistics activity. Highly mechanised, this 42,000 m2 site with more than 300 employees is organised to process more than 3,500 orders per hour.
> In Poland, ID Logistics has launched a new business for a fast-growing global leader in chocolate candy. In a 30,000 m2 warehouse at the customer's production site south of Warsaw, the Group provides warehousing, preparation and co-packing services with around 50 employees.
> In the UK, after starting two operations in 2023 and 2024 for a global fashion leader, ID Logistics is continuing its development and will launch a new operation in the third quarter of 2025 for a global eCommerce leader and long-standing customer of the Group. Based in Leeds in the north of the country, this operation will employ 250 people at a 52,000 m2 site.
> In Brazil, ID Logistics launched two sites during the quarter for one of its long-standing customers in eCommerce. The first is in the state of Rio de Janeiro, covering an area of 31,000 m2 and the second is in the state of Minas Gerais, covering an area of 51,000 m2 They employ more than 900 people in total.
Looking ahead, with a diversified customer portfolio of leading players, a balanced geographical presence and a solid development model, ID Logistics is well positioned to continue its growth trajectory. In the short term, the Group is focusing on the smooth start-up of the many operations planned for this year and on maintaining its proximity to its customers in order to provide them with innovative solutions in a rapidly changing global macroeconomic environment.
2025 half-year results will be published 27 August 2025, after market close.
24-07-2025
Fr. Meyer’s Sohn (FMS), the Hamburg-based global logistics company, has announced the successful acquisition of South African freight forwarder GAC Laser International Logistics (Pty) Ltd. and its affiliated entities.
The acquisition marks a significant step in the Company’s strategic expansion into the African continent.
GAC Laser, founded in 2007, offers a comprehensive range of logistics services including multimodal freight forwarding, warehousing, trucking, and project logistics. The Company operates from key locations across South Africa, including Cape Town, Durban, Johannesburg, and Gqeberha (formerly Port Elizabeth).
The South African operations will continue to be led by Simon Hayes and the existing management team. They will support the integration of the Company into FMS’s global logistics network and will retain responsibility for day-to-day operations under the new name, Fr. Meyer’s Sohn South Africa.
The acquisition underscores FMS’s commitment to expanding its global footprint and investing in high-growth markets.
23-07-2025
Knight-Swift Transportation Holdings Inc., one of the largest and most diversified freight transportation companies, operating the largest full truckload fleet in North America, reported second quarter 2025 net income attributable to Knight-Swift of US$34.2 million and Adjusted Net Income Attributable to Knight-Swift of US$57.2 million. During Q2, 2025, consolidated total revenue was US$1.9 billion, a 0.8% increase from Q2, 2024. Consolidated operating income was US$72.6 million, an increase of 14.4% compared to the same quarter last year. The consolidated operating ratio for the quarter was 96.1%, and the Adjusted Operating Ratio was 93.8%, reflecting improvements of 50 and 80 basis points, respectively, over the 2024 quarter.
H1 revenues increased 1.6% to US$3,305.2 million as operating income climbed 65.8% to US$139.3 million. Net income almost quadrupled to US$64.2 million.
In a volatile market that was unseasonably soft during the second quarter, the Truckload segment produced revenue that was down modestly year-over-year. Truckload revenue fell 2.7% as operating income climbed 93.4%, with a 94.6% Adjusted Operating Ratio, an improvement of 260 basis points year-over-year as continued progress reducing cost per mile outpaced pressure on volumes and pricing. Each truckload brand improved operating margins, led by U.S. Xpress which improved 300 basis points. Adjusted Operating Income increased 87.5% year-over-year, while revenue, excluding fuel surcharge and intersegment transactions, decreased 2.7%. Revenue per loaded mile, excluding fuel surcharge and intersegment transactions, was flat year-over-year.
LTL revenue, excluding fuel surcharge, increased 28.4% year-over-year as shipments per day increased 21.7%, and revenue per hundredweight excluding fuel surcharge increased 9.9%. Operating income fell 44.5%. The Adjusted Operating Ratio was 93.1% as Adjusted Operating Income declined by 36.8% due to start-up costs and early-stage operations at recently opened facilities as well as continued costs related to the integration of DHE.
Logistics revenue fell 2.6% in Q2 on a 94.8% Adjusted Operating Ratio with a gross margin of 18.9%. Adjusted Operating Income improved 13.3% year-over-year, driven by operating efficiency gains and a 100 basis point improvement in gross margin percentage. Revenue per load increased 10.6% year-over-year, largely offsetting an 11.7% decline in load count.
Intermodal recorded a 104.1% operating ratio, with revenue down 13.8%. Improvements in network balance and cost reductions partially offset a 12.4% year-over-year decrease in load count. The revenue decrease was the result of a 12.4% decrease in load count and a 1.6% decline in revenue per load year-over-year. This segment was the most impacted by the decline in import volumes on the West coast, however, the Company expect load count to grow sequentially as a result of new customer awards and a return of normalised volumes of existing customers.
In a quarter of unusual crosscurrents, the Company leveraged cost initiatives and the agility of its over-the-road model to overcome a truckload market that lacked the normal seasonal build and which brought mix changes that put more pressure on revenue per mile than anticipated.
Customers are responding and awarding the Company strong growth in an industry where volumes remain under pressure. At the same time, the integration of DHE and the organic expansion of the network continues to put cost pressure on the business. It is focused on normalising operational fundamentals and regaining efficiencies in cost performance, and it has multiple initiatives underway to drive improvements in cost and yield, all while maintaining a commitment to service.
Customers continue to navigate an uncertain policy landscape and macro environment, which makes projecting demand and contemplating investments more challenging than usual. It is approaching the time of year where planning and discussions around peak season and project activities should take place. Discussions are beginning around a few projects, but it is too early to have a good read on what may materialise as customers are making real-time adjustments to decisions around inventories and supply chains as information develops around government policy. Hopefully there will be sufficient resolution to allow normal planning and decision-making to resume soon.
23-07-2025
Evri Limited has announced it delivered record adjusted EBITDA and parcel volumes for the year to 01 March 2025, driven by a £57.0 million operational investment to further improve service, broad-based growth across its divisions and new client wins.
One of the UK's largest dedicated parcel delivery companies, Evri outperformed the market to deliver record parcel volumes of more than 807.0 million over the 52 weeks, up from c. 730.0 million in 2023-24. This represents a 25.0% increase in parcel numbers in the last two years, putting Evri firmly on track to achieve its ambition to become the UK’s premier parcel delivery business, supported by strategic transactions post the period end.
Evri’s growth in 2024-25 was supported by strong parcel volumes including across consumer-to-consumer marketplaces, such as eBay and Vinted, as the mega-trend in selling second-hand items online shows no sign of slowing down. New client wins saw the business diversify into new sectors including fresh food, car parts and floristry.
Its adjusted EBITDA increased by almost a fifth to £341.0 million during the period when it was acquired by Apollo Funds in August 2024.
During the year, Evri’s maintained its excellent 99.0% on-time delivery record, its Net Promoter Score rose by 2.4 points to + 64 and brand consideration rose against the market.
In what was a landmark 50th year for the business, it delivered record adjusted EBITDA and retail-to-consumer parcel volumes – driven by its best-ever peak, and growth across divisions and new client wins.
During the period, Evri nearly doubled investments in its operations, including the introduction of new depots in Tyneside, Pen-y-Bont and Sheffield. Sustainable initiatives also remained top of mind, as the firm rolled out 100 additional eCargo bikes with plans to reach 3,000 in the next decade. A total of 3.0 million Evri parcels are now delivered by bike or electric vehicles a year. Tech updates to Evri’s popular app also included enhanced parcel tracking features and range of new delivery preferences, in particular aid to those with accessibility needs.
Evri’s strong performance in 2024-25 was powered by its team of 8,800 colleagues and 28,000 self-employed couriers. The Company’s couriers are paid above the National Living Wage at an average of £20.86 per hour and since launching the "self-employed plus" (SE+) courier model in September 2019, Evri has led the industry in offering self-employed workers greater protection and benefits.
23-07-2025
The Manitoulin Group of Companies announced its acquisition of Martin Roy Transport (MRT), effective 18 July 2025.
Founded in 1998 by Martin Roy and his mother, Claire, MRT is a well-established transportation company based in Rouyn-Noranda, Quebec. The Company operates terminal facilities in Val-d’Or, Dorval, Timmins, Mississauga, North Bay, Sault St. Marie, and Thunder Bay.
MRT has built a strong reputation in the truckload (LTL) and full truckload (FTL) markets across various industries, many of which align with Manitoulin Transport’s existing client base.
This acquisition strengthens Manitoulin’s presence and service capabilities, particularly in Northwestern Quebec and Ontario, enhancing operational efficiencies and expanding service offerings to both companies’ customers.
22-07-2025
Singapore Post Limited (SingPost) announced the divestment of its entire freight forwarding business conducted through Famous Holdings Pte Ltd (FHPL) and Rotterdam Harbour Holding B.V. (RHH), for approximately S$177.9 million. The divestment has been completed and results in an estimated gain of S$10.5 million on disposal and release of about S$104.0 million in cash for the Company.
The sale has been carried out in two parts to separate buyers. One part has been sold to DP World Logistics FZE for around US$97.7 million (S$125.5 million), while the other has been acquired by a consortium that includes some of Famous Holdings’ minority shareholders for about €35.7 million (S$52.4 million).
The Board appointed Ernst & Young Corporate Finance Pte Ltd (EY) as financial advisor to carry out an international sale process to divest FHPL. EY solicited interest from multiple parties, for either acquiring FHPL in its entirety or in separate parts.
This is a step in SingPost's strategy announced in March 2024, to divest non-core assets and businesses to recycle capital. Following a comprehensive international sale process to explore various options for Famous Holdings, the Board concluded that selling the business in two parts would secure the highest possible valuation.
The proceeds from the sale would contribute to SingPost’s cash balance, the use of which shall be determined by the Board based on the funding needs of the Company.
This latest sale follows SingPost’s successful divestment of its Australia logistics business, Freight Management Holdings, in March 2025.
Overview of Transactions
Sale of Famous Holdings' Global Operations to DP World Logistics FZE
SingPost Logistics Investments Pte Ltd (SPLI), a wholly-owned subsidiary of SingPost, has sold Famous Holdings and its related businesses to DP World Logistics FZE for approximately US$97.7 million (S$125.5 million)1. Famous Holdings operates in several countries, including Japan, Australia, New Zealand, the UK, Malaysia and Singapore.
Sale of RHH to Consortium
SingPost's fully-owned subsidiary, SingPost eCommerce Logistics Holdings Pte Ltd (SPeC), has sold its entire stake in RHH for around €35.7 Million (S$52.4 million). As part of the deal, SPeC first acquired the 15.0% of RHH it did not already own from minority shareholders. Subsequently, SPeC sold 100.0% of RHH to a consortium comprising ETC Etcetera Beheer B.V., Dejox Beheer B.V. and van Munster & de Jong Investeringen B.V.
The divestments further strengthen SingPost’s financial position. The net asset value of FHPL (including RHH) was S$176.0 million, and its net profit before income tax and non-controlling interests was S$14.5 million for the financial year ended 31 March 2025. Specifically for RHH, the net asset value as at 31 March 2025 was S$30.0 million, with a net profit before income tax and non-controlling interests of S$15.9 million for the same period.
22-07-2025
Hub Group, Inc. has entered into an agreement to acquire the intermodal assets of Marten Transport, Ltd. Intermodal (“Marten Intermodal”), a division of Marten Transport, Ltd.
Marten Intermodal provides temperature-controlled intermodal service to a diversified group of approximately 100 shippers in the food and beverage segments. Temperature-controlled intermodal transportation provides shippers the competitive advantages of reliable service and lower cost as compared to over the road temperature-controlled transportation.
The deal more than doubles Hub Group’s temperature-controlled container fleet.
The transaction is structured as an asset purchase of certain intermodal equipment and contracts from Marten Transport Ltd. for US$51.8 million in cash and is expected to close by the end of the third quarter subject to certain customary closing conditions.
Winston & Strawn LLP and Stephens Inc. are serving as lead legal counsel and financial advisor, respectively, to Hub Group on the Marten Intermodal transaction.
22-07-2025
Excel Courier, Inc. (Excel), a leading Mid-Atlantic provider of same-day, time-critical delivery and logistics solutions, has announced the acquisition of Quick Messenger Service (QMS), a Bethesda, Maryland-based courier company with more than 40 years of service in the Washington, D.C. metro area.
QMS brings additional expertise in medical and business-critical deliveries, complementing Excel Courier’s core strengths in healthcare, aviation, and professional service logistics. Excel will take on dozens of daily routes, allowing for faster response times.
This acquisition follows Excel Courier’s recent investments in upgraded dispatch technology and operations infrastructure, aimed at improving speed, transparency, and efficiency across its service lines. By bringing QMS into its network, Excel continues to scale its on-demand capabilities and strengthen its same-day delivery capacity in a high-demand region.
Both organisations share a commitment to operational excellence and customer-focused solutions. Integration is already underway, with efforts focused on ensuring a seamless transition for clients, employees, and drivers.
This acquisition marks another milestone in Excel Courier’s 39-year history as it continues to invest in regional growth, reliable service, and customer satisfaction.
Swissport has signed binding transaction agreements to acquire ASC, which provides ground handling and cargo services in London Heathrow and Gatwick airports. Heathrow is the fifth largest airport worldwide by passenger volume and more than 60.0% of Britain’s air freight goes through London’s airports. Gatwick is the UK’s second busiest airport carrying 43 million passengers to over 200 destinations annually.
This strategic acquisition sets Swissport up for continued growth in both ground and cargo handling at London’s hub airports. Specifically, the transaction provides additional capability to Swissport’s ground handling operations which will further enhance its position as a resilient and innovative partner to airlines and airports and gives it access to additional cargo capacity at two warehouses at London Heathrow.
Swissport has a clear M&A strategy to enhance its platform in markets where it can optimise growth, margin and resilience across the portfolio. It will continue to pursue an ambitious expansion agenda by combining strong organic growth and strategic M&A in critical geographic markets across its ground handling, cargo and hospitality businesses globally.
This transaction is subject to customary closing conditions.
21-07-2025
Mahindra Logistics Ltd. (MLL), one of India’s integrated logistics & mobility solutions providers, announced its unaudited consolidated financial results for the quarter ended 30 June 2025.
Q1 FY26 (Consolidated) performance compared with Q1 FY25
> Revenue Rs. 1,625 crores as compared to Rs. 1,420 crores.
> EBITDA Rs.76 crores as compared to Rs.66 crores.
> PBT Rs. (5.8) crores as compared to Rs. (2.5) crores.
> PAT loss Rs. 10.80 crores compared to Rs. 9.32 crores.
Q1 FY26 (Consolidated) performance compared with Q4 FY25
> Revenue Rs. 1,625 crores as compared to Rs. 1,570 crores.
> EBITDA Rs.76 crores as compared to Rs.78 crores.
> PBT Rs. (5.8) crores as compared to Rs. 0.9 crores.
> PAT loss Rs. 10.80 crores compared to Rs. 6.75 crores.
Q1 FY26 MLL Standalone compared with Q1 FY25
> Revenue Rs.1,346 crores as compared to Rs.1,157 crores.
> EBITDA Rs.79 crores as compared to Rs.72 crores.
> PBT Rs.8.7 crores as compared to Rs. 13.7 crores
> PAT Rs.6.44 crores as compared to Rs.10.22 crores.
Q1 FY26 MLL Standalone compared with Q4 FY25
> Revenue Rs.1,346 crores as compared to Rs.1,293 crores.
> EBITDA Rs.79 crores as compared to Rs.80 crores.
> PBT Rs.8.7 crores as compared to Rs. 17.5 crores
> PAT Rs.6.44 crores as compared to Rs.13.12 crores.
Consolidated Revenue for Q1FY26 registered a 14.0% year-on-year growth, driven by strong performance in 3PL, Last Mile Delivery (LMD)and the Express segments. The Express business achieved a significant milestone by crossing ₹100 crore in quarterly revenue for the first time. EBITDA and PAT improved by 14.0% and 3.0% year-on-year respectively, although yields remained under pressure due to an evolving customer mix.
The Freight Forwarding segment reported a modest YoY revenue increase. Growth was moderated by ongoing geopolitical disruptions and tariff related challenges impacting cross-border flows.
The Mobility business reported improved profitability over the same period last year, due to new clients and improved efficiency with quality fleet.
25-07-2025
Asyad Express, part of Asyad Group, has launched a strategic, technology driven 'Reverse Logistics Platform' that redefines how businesses in Oman and the GCC manage product returns, exchanges, and refunds. The service is designed to give eCommerce businesses a competitive edge by turning complexity into simplicity, helping them streamline returns while reinforcing trust at every touchpoint.
Addressing the increasing demand from retailers and digital-first brands for agile, transparent, and consumer-centric return processes, Asyad Express' new offering delivers a seamless 'end to end' reverse logistics experience. With comprehensive GCC-wide coverage, this service encompasses convenient doorstep pickup, quality checks, and efficient reintegration of returned goods into inventory, all supported by complete visibility and tracking throughout the entire lifecycle.
Engineered for effortless integration into current eCommerce and retail workflows, Asyad Express's reverse logistics solution supports businesses of all sizes, from SMEs to large enterprises. This enables businesses to adopt more flexible return policies, significantly shorten turnaround times, and ultimately boost customer satisfaction.
This launch underscores Asyad Express' commitment to eCommerce logistics excellence in the region, offering a comprehensive range of services tailored to meet the diverse customer needs. With a strong focus on express delivery, eCommerce solutions, and warehousing, Asyad Express utilises an extensive global network to efficiently process, package, and ship thousands of deliveries across 220 destinations and territories. This is complemented by a variety of convenient customer-centric services and the ability to ensure rapid deliveries, and in-house customs clearance for international shipments.
24-07-2025
Roadrunner is accelerating its national growth with over one hundred new lanes added to its proprietary Smart Network, reinforcing its position as the premier carrier for direct, long-haul, metro-to-metro LTL service with a strong Midwest regional offering.
In addition, Roadrunner is launching new Guaranteed Lanes, expanding its industry-leading guaranteed network to more than 60 lanes nationwide. These additions contribute over 21,000 new miles of coverage across the US and Canada and establish Kansas City as a major new hub, now served by over thirty inbound lanes from every region.
This expansion follows the nearly three hundred new lanes Roadrunner added in spring 2025, continuing the Company's rapid growth trajectory. Roadrunner, a specialist in long-haul, direct metro-to-metro shipping with average routes exceeding 1,400 miles, is expanding its service capabilities. The new additions provide direct connectivity on routes averaging 315 miles, offering shippers more flexibility, particularly across the Midwest.
The Midwest sees the largest expansion, with major new lanes originating from Cincinnati, Cleveland, Detroit, Indianapolis, Louisville, Milwaukee, Minneapolis–St. Paul, Grand Rapids, Lansing, Chicago, and Columbus. This consolidates Roadrunner's core network across industrial and manufacturing hubs, connecting nearly every key Midwestern market directly to its new hub in Kansas City.
The Northeast gains significant reach, with lanes from Boston, Philadelphia, New York/New Jersey (both Newark and Metro areas), Baltimore, and connections feeding into Cleveland and Kansas City. This bolsters long-haul routes linking dense population centres to the Midwest heartland.
In the South and Southeast, new lanes stem from Atlanta, Charlotte, Miami, Orlando, Nashville, and Houston, giving southern shippers expanded access to Kansas City and onward via other Midwest routes.
The West gains a coast-to-coast bridge with lanes from Phoenix, San Diego, Fresno, San Francisco, Sacramento, and Portland, further extending connectivity into the central US.
Altogether, these new lanes form a nationally balanced network, but with a heavy concentration on strengthening Midwestern and Northeastern corridors, ensuring seamless coast-to-coast and border-to-border reach while feeding freight efficiently into Kansas City as a central hub.
As part of the announcement, Roadrunner is expanding its Smart Guarantee Lane offering—its bold "service-quality-first" commitment that promises on-time delivery or the shipment is free. New Guaranteed Lanes include:
Houston - Atlanta
Philadelphia - Dallas
Seattle - Dallas
San Francisco - Chicago
Commerce, CA - Atlanta, Cincinnati, Indianapolis
Milwaukee - Dallas, Houston, San Francisco
24-07-2025
2M Logistics Holding has signed an agreement with Gallozzi to represent GFLogisticsNL’s operations in the Benelux region. It provides 2M with access to Gallozzi’s global network, a key move in its international growth strategy.
GFLogisticsNL will base its operations and management within 2M’s facilities in the Netherlands, where both companies will work on joint sales developments.
24-07-2025
AD Ports Group has launched its first International Office in China, marking a major milestone in its global expansion strategy. Located at the centre of China’s policymaking and planning, the new office will lead and coordinate the Group’s commercial and investment activities across the country and the broader Asia region.
Complementing the Group’s network of more than 140 offices worldwide, the new international office in China will enable closer engagement with key government stakeholders, strategic partners, clients and investors, and help the Group align with the nation’s development priorities and respond swiftly to emerging trade and logistics opportunities.
From the same location, Noatum Logistics, the logistics arm for the Group, will also operate its new commercial branch for the Beijing-Tianjin region, a key domestic market with combined population of over 110 million.
Specifically, the office will play a key role in advancing the Group’s presence domestically and along China’s Belt and Road network, which includes maritime routes linking Asia, Africa, and Europe, and multimodal overland corridors connecting markets across China, Central Asia, the Middle East and Europe.
It will also serve as a vital platform to connect potential clients and investors into AD Ports Group’s integrated global trade and logistics ecosystem, while coordinating investments, fostering new business ventures, and facilitating capital inflows from Chinese investors into the UAE.
As part of its China growth strategy, the Group will be expanding Noatum Logistics in-country capacities to offer a full suite of holistic end-to-end logistics solutions tailored specifically to the needs of China’s own rapidly expanding domestic market, whose GDP is expected to grow at CAGR 3.5% through 2030.
With its logistics market projected to rise at a 4.6% CAGR through 2030, the Group aims to become a major logistics player serving China’s key industry sectors across every link of their supply chain.
The launch builds on the Group’s longstanding partnerships with Chinese businesses across China, the UAE, and beyond. Specifically, the Group and China’s Jiangsu Overseas Cooperation Investment Co. Ltd. (JOCIC) operate one of the most successful economic zones in Abu Dhabi, while COSCO Shipping Ports (CSP) operates a major container terminal via a joint venture at Khalifa Port, the Group’s flagship deepwater port located in Abu Dhabi. Furthermore, a growing number of Chinese companies have invested in manufacturing and trading entities within KEZAD, the largest operator of integrated economic zones in the UAE.
23-07-2025
Lufthansa Cargo has announced Swiss WorldCargo’s entry into Lufthansa Cargo’s and United Cargo’s joint business agreement, which will provide cargo customers with more flexibility and transportation options, thanks to denser direct connections to and from Europe over the Atlantic.
Over the past years, Lufthansa Cargo and United Cargo have successfully offered their customers a joint business agreement, enabling the two airlines to cooperate in various areas, including sales, customer relations and networks between the US and Europe.
Effective 01 August 2025, Swiss WorldCargo officially joins this alliance, further strengthening the partnership. This expanded collaboration aims to deliver even greater value to customers through enhanced connectivity, coordinated services, and a seamless cargo experience across the transatlantic network.
Under the expanded joint business agreement, United Cargo, Lufthansa Cargo, and Swiss WorldCargo will work closely together on the aspects mentioned above. The airlines will cooperate on cargo traffic between more than 200 destinations in the US to Zurich and Frankfurt.
The joint activities will be carried out in full compliance with all applicable laws, including the competition rules of the European Union and US.
23-07-2025
The Suez Canal Automotive Terminal (SCAT) — a joint venture among NYK, Africa Global Logistics (AGL) and Toyota Tsusho Corporation (Toyota Tsusho) — has officially opened Egypt's first finished-vehicle logistics terminal.
Driven by Egypt's robust population growth and economic development, the nation’s automobile market is expanding. With an anticipated increase in finished-vehicle imports and the forthcoming initiation of full-scale exports, SCAT is strategically positioned to address this growing demand. The facility features a quay capable of accommodating two large car carriers simultaneously, as well as extensive storage space that will be able to accommodate up to 10,000 vehicles. In addition, the terminal is equipped to support the rising need for cargo transshipment.
Outline of the terminal
Name: Suez Canal Automotive Terminal (SCAT)
Location: East Port Said, Arab Republic of Egypt
Opening date: July 1, 2025
Planned operating period: 30 years
Site area: approximately 21.2 hectares
Storage capacity: 2,550 vehicles in the initial stage of operation, to be expanded to a maximum of 10,000 vehicles in the future
Outline of the joint venture
Company name: Suez Canal Automotive Terminal
Shareholders: NYK 25.0%, AGL 50.0%, Toyota Tsusho 25.0%
Representative: Ashraf Ossama
Business Overview: Automobile terminal operation under a 30-year concession contract (business operation consignment contract) with the General Authority for the Suez Canal Economic Zone
SCAT will contribute to the development of the Egyptian economy by combining the knowledge that AGL has accumulated through its port operation business in Africa, Toyota Tsusho's experience and insight into a wide range of companies in Egypt, and the expertise and technology in finished vehicle transportation and terminal operation that NYK has cultivated around the world. SCAT is well positioned to contribute significantly to Egypt’s development by capturing the increasing demand for automobile logistics in North Africa and the Eastern Mediterranean region.
23-07-2025
TotalEnergies and CMA CGM Group have entered into an agreement to develop a 50/50 logistics joint venture dedicated to the implementation and operation of a liquefied natural gas (LNG) bunker supply solution at the port of Rotterdam, in the Netherlands. This strategic partnership reflects the shared ambition of both French companies to work jointly towards the acceleration of the energy transition in the maritime sector.
As part of this new logistics joint venture, a new 20,000 cubic-meter LNG bunker vessel will be positioned in Rotterdam by the end of 2028 and jointly operated. The CMA CGM-TotalEnergies JV will offer a complete logistics service, from reload access at Gate terminal facilities to LNG bunker delivery to a wide range of vessels operating in the Amsterdam-Rotterdam-Antwerp (ARA) region, including those of CMA CGM as well as other shipping operators.
The joint venture will capitalise on TotalEnergies’ established logistics infrastructure in the ARA region, where the 18,600 m3 LNG bunker vessel Gas Agility has been in operation since 2020.
By integrating the JV’s future LNG bunker vessel with Gas Agility, the partnership aims to create synergies that enhance delivery flexibility and boost operational efficiency across the region.
To support CMA CGM’s goal of reaching Net Zero Carbon by 2050 and ensure the supply of its dual-fuel LNG-powered fleet, which will grow to 123 vessels by 2029, TotalEnergies will supply CMA CGM with up to 360,000 tons of LNG annually, from 2028 onwards and until 2040.
The creation of the joint venture is subject to applicable regulatory approvals.
23-07-2025
DP World Trade Finance has mobilised over US$1.0 billion in working capital for businesses across emerging markets, helping close the global trade finance gap and keep goods moving through some of the world’s most challenging economic environments.
This milestone was achieved through a combination of DP World’s own lending operations and partnerships with more than 32 financial institutions globally- including J.P. Morgan, Standard Bank, NedBank and more. Their financing solutions, delivered alongside DP World’s logistics capabilities, have helped reduce risk and improve access to capital for underserved businesses of all sizes, thus lowering barriers to international trade.
By combining trade finance with logistics, DP World offers businesses both funding and real-time visibility into their supply chains. This integrated model helps lenders make faster, more informed decisions - unlocking capital where it’s needed most. The portfolio that DP World Trade Finance handles has also proven to create an very healthy loan book with high quality assets, way better than the industry benchmarks, further reinforcing the effectiveness of this data-driven, integrated approach.
To date, DP World Trade Finance has enabled trade across Africa, the Americas, Asia, and Europe, supporting sectors including agriculture, metals, automotive, and engineering.
The global trade finance gap, estimated at US$2.5 trillion, continues to limit opportunities for businesses in developing economies, particularly those without access to traditional financing due to limited credit histories, lack of collateral, or weaker balance sheets that classify them as high risk.
Royal Mail and Motor Fuel Group have announced a partnership to introduce parcel lockers at over 500 petrol stations across the UK. The first are now open at Motor Fuel Group forecourts in Shepton Mallet and Canterbury.
Motor Fuel Group is the UK’s largest independent forecourt operator. Operating nationwide, it is also the largest open ultra-rapid EV charging network in the UK, the UK’s largest car valeting operator in the UK with 900+ sites and a major food-to-go retailer. The partnership is part of Royal Mail’s rapidly expanding locker network, which was launched in December on top of its doorstep services.
Royal Mail's lockers offer a hassle-free parcel drop-off service, and soon they will include convenient collection options. With prices starting from just £1.55 online for a small parcel that fits through the letterbox, Royal Mail offers the most affordable rates in the market.
The smart lockers also feature label printing, making the process even more convenient. Customers simply need to pay for postage online and print the label by scanning a QR code at the locker or request a QR code if they are returning a purchase.
Royal Mail now has more than 23,500 locations where customers can drop off and collect parcels, including 1,900 lockers, 7,800 Collect+ stores, 11,500 Post Office branches, 1,200 Royal Mail Customer Service Points and 1,200 parcel postboxes. Customers can also drop off parcels small enough to fit in a postbox and use the app to request proof of postage.
20-07-2025
CEVA Logistics inaugurated its new 4,300 m2 international road transport (TIR) centre in Alashankou, China. The new centre is set within the Cross-Border eCommerce Industrial Park of Alashankou’s Comprehensive Bonded Zone. A further 1,000 m2 are dedicated to dangerous goods handling. The centre is CEVA’s first TIR hub to consolidate inbound and outbound TIR road freight.
Bordering Kazakhstan and served by highways that funnel into Central Asia, the Caucasus and Europe, Alashankou offers bonded-zone incentives, fast customs clearance and duty-free storage. Its policies are designed to accelerate eCommerce fulfilment and manufacturing clusters. CEVA will use the Center for LTL consolidation, allowing multiple shippers to share truck space and reduce costs.
Compared to conventional road transport, the TIR model paired with the new centre reduces transit time by nearly 30.0% and cuts costs by 15.0% on average.
The centre will anchor a secure, fast and steady TIR network linking approximately 30 cities across 15 countries in Central Asia, the Caucasus and Europe.
24-07-2025
AIT Home Delivery has won a contract to be the delivery partner for UK auction house John Pye Auctions, to manage nationwide delivery of large items such as furniture, white goods, and kitchen appliances directly to customers’ homes.
AIT began working with John Pye in late 2024, aiming to provide a more customer-centric delivery model with a view to leading to increased volumes.
The Company was selected because of its reliability and flexibility. Offering customer nominated delivery dates has been a key part of improving service. It is essential to provide a convenient, direct-to-door solution for customers, including those in remote areas or unable to collect in person.
John Pye Auctions offers over 40,000 items for online auction each week through its UK-wide network of auction houses. It supports some of the world’s largest retail PLCs in accessing the secondary market.
Delivered items include large TVs, mattresses, bikes, white goods, and home furnishings. Once sold and paid for, items are packed by John Pye site teams and collected by AIT. Customers then nominate delivery slots to suit their requirements via a fully integrated system, ensuring accurate tracking and timely fulfilment.
AIT’s range of premium delivery options, including evening, early morning, plug and play, and disposal services, adds significant value and supports the evolution of the delivery model, enhancing reach, reliability, and customer satisfaction.
24-07-2025
Forward Air Corporation has secured a substantial award from a leader in the package delivery services industry. As part of the new award, Forward Air expects to transport more than 15,000 expedited full truckload shipments across its customer’s national network on an annual basis.
This award is expected to increase revenue substantially on a year-over-year basis with this renowned customer – a testament to Forward Air’s exceptional service, support, and solutions.
24-07-2025
The Rhenus Group leads the new Rhône Modal Shift consortium to operate two key Rhône river ports for the next 25 years. The initiative aims to double river and rail freight volumes by 2032 through targeted infrastructure investments.
The project strengthens Europe’s inland waterway connections to the Mediterranean Sea, enhancing cross-border freight flows and international trade access.
The French State and the Compagnie Nationale du Rhône (CNR) have officially awarded the management of the public ports of Vienne Sud and Portes-lès-Valence to Rhône Modal Shift, a newly formed consortium led by international logistics provider the Rhenus Group. The 25-year concession brings together Rhenus (51.0%), the Chambers of Commerce and Industry (CCI) of Nord Isère and Drôme (20.0% each), and Société Report Modal (9.0%).
This decision follows a competitive selection process aimed at strengthening the Mediterranean-Rhône-Saône (MeRS) corridor, a major freight axis connecting the Lyon region to the port of Marseille-Fos.
The two ports are already active logistics hubs:
Vienne Sud, part of the 340-hectare INSPIRA industrial zone, handled 115,000 tonnes by river and 137,000 tonnes by rail in 2024.
Portes-lès-Valence, a 45-hectare trimodal platform, processed 80,000 tonnes by river and 171,000 tonnes by rail.
The consortium has committed to doubling freight volumes by 2032, supported by infrastructure upgrades co-financed through an €80.0 million investment plan across four Rhône ports.
By improving multimodal transport options, especially river and rail, the project enhances the flow of goods between European inland markets and international maritime routes. This contributes to more efficient logistics and supports the competitiveness of regional industries.
CNR estimates that increased use of river and rail transport could remove up to 120,000 trucks per year from the Rhône Valley Road network. This shift is expected to ease congestion and improve the reliability of freight services. The CCIs, through their long-standing presence in port operations, will also play a key role in maintaining strong ties with local businesses and communities.
23-07-2025
Kuehne + Nagel strengthens its collaboration with Airbus through the renewal of an agreement for the logistics of production and storage sites across Spain. In addition, the partnership expands for the first time to helicopter maintenance, repair, and overhaul (MRO) activities.
The operations cover in-plant logistics, inter-site transport services, warehouse-to-line deliveries, supply fulfilment centre operations, and spare parts management. Over 900 employees of Kuehne + Nagel are operating from 16 sites distributed across Albacete, Cádiz, Madrid, Sevilla, Toledo, and Zaragoza.
Kuehne + Nagel has invested in technologies enhancing operational efficiency and traceability, starting with a proprietary warehouse management system, robotics, a small-part element control system using RFID (Radio Frequency Identification), and IoT (Internet of Things) applications. Sustainability is also a key focus, with initiatives in place to reduce cardboard and plastic usage across the supply chain.
22-07-2025
Wincanton has announced the extension of its omni-channel partnership with Nkuku, the leading retailer of ethically sourced and handcrafted homeware, for a further five years. Under the new contract, Wincanton will continue to provide B2B and B2C fulfilment services from its specialist omni-channel facility in Northamptonshire, UK, including the receipt of stock, storage and dispatch of goods directly to Nkuku’s eCommerce customers and leading high-street retailers.
Founded in 2003 by Alistair and Alex Cooke, Nkuku is a certified B Corp that works with a range of suppliers and artisans throughout the world.
The partnership with Wincanton, which began in 2022, has delivered strong operational performance across three consecutive peak trading periods, culminating in Nkuku’s highest performance and volume in 2024, with Wincanton processing over 135,000 orders and achieving over 95.0% on-time delivery.
Nkuku stated that Wincanton has consistently delivered outstanding service over the past three years. Its team has developed a deep understanding of Nkuku’s operational needs, and together built a seamless, collaborative relationship.
Wincanton’s expertise in omni-channel fulfilment and its tailored, scalable service model has enabled Nkuku to meet customer demand whilst maintaining high operational standards.
21-07-2025
The HOYER Group has concluded a contract with H2 MOBILITY, the largest operator of hydrogen refuelling stations in Germany. Initially, as a partner, HOYER will undertake supplies to hydrogen refuelling stations in the Rhein-Neckar region, and will be responsible both for transport and for quantity control.
HOYER, by taking this step, strengthens its position as a leading provider in Germany in the field of gas logistics. The HOYER Group is continuously expanding the hydrogen operations, both with logistics expertise and by building up its own hydrogen fleet. Investments and market growth will be guided in an internal New Energies focus group, which deals in detail with equipment and the provision of services in the H2 sector.
By assigning a logistics partner, H2 MOBILITY create more autonomy and security in supplies to its refuelling stations. At the same time, it has invested in its own hydrogen equipment, so together with HOYER it can now implement more flexible deliveries to its refuelling stations.
19-07-2025
Yamaha Motor Manufacturing Corporation (YMMC) announced a strategic partnership with DHL Supply Chain to enhance its internal distribution operations. This transition, tentatively on 05 October 2025, will allow YMMC to expand capacity, improve logistics transparency, and accelerate delivery to customers — all without disrupting current service levels to customers.
As part of the partnership, approximately 175 YMMC team members will transition to the DHL team and continue supporting distribution operations. These team members will remain on-site and be critical to the success of this next phase in YMMC's growth and transformation.
YMMC's decision to collaborate with a global logistics leader like DHL underscores its long-term commitment to operational excellence. DHL brings proven expertise in distribution, material handling, and inventory management — all critical to supporting Yamaha's evolving market needs.
In 2024, YMMC assembled over 150,000 vehicles for worldwide distribution at its Newnan, Georgia facility — including Side-by-Sides, ATVs, WaveRunners, and Golf Cars. With this new partnership, YMMC aims to ensure the entire value chain continues to meet the highest standards of performance and reliability.
This transition reflects YMMC's long-term strategy to build a more responsive and scalable supply chain. With DHL's on-site support and logistics expertise, YMMC is well-positioned to strengthen reliability, increase flexibility, and continue delivering exceptional service to customers across all markets.
Yamaha Motor Manufacturing Company (YMMC) employs more than 2,000 metro Atlanta residents to design and build recreational vehicles at its Newnan manufacturing facilities. All of the world's Yamaha golf cars, Side-by-Sides, as well as most of its WaveRunners and ATVs are manufactured at the plant in Coweta County, Georgia.
25-07-2025
Colruyt Group has opened a second logistics centre in Ollignies, in Belgium’s Walloon region. The retailer invested €51.0 million, as the Walloon region partially supported the investment.
The 22,000 m2 facility is located next to the Company’s existing warehouse for fast-moving goods and aims to optimise efficiency of its logistics operations. The facility will store and ship 15,000 non-food items such as stationery, cosmetics, and seasonal goods for Colruyt Meilleurs Prix and OKay stores.
The distribution centre uses robots for inventory management and product-picking, allowing employees to focus on more complex tasks.
Sustainability is also a key feature of the new facility with 5,200 solar panels generating over 2.6 million kWh annually, reducing CO2 emissions by 1.2 million kilograms per year. Smart LED lighting, natural light domes, and adiabatic cooling – wherein air is cooled without exchanging heat with its surroundings – further enhance energy efficiency.
Colruyt Group is aiming for zero-emission transport by 2035 and developing its distribution centres into zero-emission hubs. The Ollignies II site already supports green-hydrogen refuelling for trucks, representing a step towards this goal.
25-07-2025
According to local press reports, Amazon has cancelled plans for an industrial facility in Dublin, Ireland. The Company reportedly faces insurmountable challenges in securing a reliable power supply.
The project, valued at around €300.0 million, was expected to create up to 500 jobs. Ireland grapples with grid constraints that have repeatedly hampered foreign direct investment, particularly in energy-intensive sectors.
The report by The Irish Times highlighted how Amazon’s inability to obtain sufficient electricity from the national grid forced it to abandon the development.
24-07-2025
Prologis and DSV Solutions Hungary have signed a new lease agreement, marking another chapter in their longstanding partnership. The logistics service provider will lease nearly 19,000 m2 of warehouse space at Prologis Park Budapest-Sziget II.
A valued customer of Prologis for many years, DSV already operates in Prologis Park Budapest-Harbor. This new expansion is particularly significant, as it includes the development of a turnkey office area of approximately 840 m2, tailored specifically for DSV’s team.
DSV Solutions Hungary has also taken advantage of the Prologis ClearLease contract, which offers fixed operating fees, enabling greater cost predictability and easier long-term planning.
The location of Prologis Park Budapest-Sziget II provides an excellent base to streamline DSV’s operations. It will help it consolidate activities, drive synergies, and enhance operational efficiency.
Located just 17 kilometres from central Budapest and 200 meters from the M0 ring road, Prologis Park Budapest-Sziget II provides exceptional access to Hungary’s main motorways, international routes, and the airport — making it a key logistics hub for DSV. Additionally, the park supports sustainable transport with an on-site charging station for electric vehicles.
The modern, high-quality building incorporates a range of advanced technological features tailored to meet the specific needs of the customer. These include a dedicated, temperature-controlled storage area within the warehouse, enabling DSV to serve clients whose goods require special handling conditions; the implementation of a Building Management System — a centralised software and hardware platform designed to monitor, control, and optimise the facility’s technical systems and services; and a backup power generator, ensuring uninterrupted operations under any circumstances.
23-07-2025
Swiss Point Data, a member of the international euShipments.com group and a rapidly growing provider of comprehensive eCommerce fulfilment services, has signed a new lease agreement with Prologis, the global leader in industrial real estate. As part of the expansion, it will increase its leased space in Prologis Park Bratislava from 1,800 to 4,600 m2.
Swiss Point Data manages the entire logistics chain for e-shops – from order processing and distribution to handling returns – thereby enhancing the customer experience while reducing operating costs. The new agreement also includes a complete modernisation of office space in line with the latest market standards, better reflecting the Company’s evolving needs. Swiss Point Data has been operating within Prologis facilities since 2021.
Prologis Park Bratislava is an ideal location for logistics and distribution operations. Situated just 20 km from Bratislava and 16 km from the airport, the park with more than 500,000 m2 of operational space also boasts excellent connections to Austria and Hungary. In addition to temperature control, the warehouse buildings are equipped with Smart Metering for efficient monitoring and management of energy consumption, charging stations for electric vehicles, rest areas and advanced site security.
With modern infrastructure and scalable space options, the park continues to attract leading companies from industries such as pharmaceuticals, eCommerce, 3PL or manufacturing. At present, 25,000 m2 are available for lease within the park. Further development of the site is possible on approximately 244,000 m2 of land intended primarily for BTS development.
22-07-2025
Toll Group has opened a new cross-docking facility in Queanbeyan, in partnership with Coca-Cola Europacific Partners (CCEP). This milestone supports CCEP’s growing regional distribution network across New South Wales and the ACT.
The new facility, managed by Toll, is now fully operational, with the first seven CCEP trucks successfully loaded and dispatched from the site. The dedicated cross-dock operation is designed to streamline product movement, enhance delivery efficiency, and support CCEP’s growth across the region.
Through this new cross-docking facility CCEP will be able to reach more customers across the ACT and surrounding areas. With a daily linehaul service from CCEP’s Eastern Creek site to Queanbeyan, the facility strengthens regional connectivity, reduces handling times, and enhances reliability.
22-07-2025
DHL Supply Chain Hungary has extended its existing lease agreement with CTP Hungary and has taken possession of a newly customised head office at the CTPark Budapest East logistics and industrial park. The Company will continue to carry out warehousing, storage, and third-party logistics (3PL) operations in the modernised 8,600 m2 facility.
CTP Hungary and DHL Supply Chain Hungary Kft. have further strengthened their long-standing partnership with a new long-term lease agreement at CTPark Budapest East. This latest agreement confirms the mutual satisfaction of both parties, be it in terms of location, infrastructure, or service quality. As one of the world’s leading logistics providers, DHL will maintain its core logistics functions in the upgraded building.
This collaboration is not a first: DHL has relied on CTP for over two decades. The hall, already a key operational centre due to its geographic location, has now undergone significant upgrades in line with DHL’s evolving needs. These included the creation of new office areas and a full-scale technical renovation, complete with updated mechanical systems, rooftop solar panels, and a newly installed heat pump system.
The facility stands out for its sustainability credentials as well. Office areas are heated and cooled via heat pumps, and the rooftop solar panel system reduces energy dependency. The entire site features energy-efficient LED lighting, and operations are managed by an intelligent building management system (BMS). The building has earned a BREEAM “Very Good” certification, guaranteeing a high standard of environmentally conscious operation.
Over its more than 20-year history, the hall has been regularly upgraded, most recently with a new fan-coil system and liquid chiller, ensuring that it not only retains its market value but also meets current technical standards. This approach to asset longevity is part of CTP’s broader strategy to keep its existing facilities competitive in a fast-changing market.
Thanks to its excellent location and modern infrastructure, CTPark Budapest East remains a key player in Hungary’s logistics real estate market. This new agreement further underscores the park’s role in supporting dynamic development and long-term sustainability goals.
22-07-2025
Panattoni is realising the third customised property for the MSK Pharma Group with the new “MSK Bensheim III” project. The “MSK Bensheim II” project was only recently successfully finished. The new and third space in Bensheim is a brownfield with a very good connection to the A5 and A67 federal motorways and the B47 state motorway.
After the MSK Bensheim I and MSK Bensheim II projects, Panattoni, Germany’s largest developer of logistics, industrial and commercial properties has now completed the certification for the third customised project for the MKS Pharma Group at the site. On a brownfield site measuring approximately 40,000 m2, a build-to-suit property will be created in which the full-service pharma service provider will combine its core competences, pharma logistics, packaging, quality management and company service.
The new logistics centre will comprise a total surface area of approx. 22,900 m2 including approx. 19,000 m2 of hall space and just under 1,900 m2 office and mezzanine space. It is the largest property owned by the MSK Pharma Group to date which is designed to the specific requirements of pharma logistics. The facility consists of three units, of which one will be equipped with a fully automated narrow-aisle warehouse and order picking using bot technology. Moreover, a specialised manufacturing area with GMP-compliant [good manufacturing practice] grey rooms and isolation rooms. The equipment will be supplemented by a temperature-controlled warehouse and a refrigerated warehouse. The high-quality office front building with a large roof terrace reflects MSK’s demand for modern working spaces and simultaneously showed its special commitment to the well-being of its employees.
The revitalisation includes the demolition of the existing building which was previously erected for SAP. The objective is to obtain certification according to DGNB [German Association for Sustainable Building] gold and an ESG verification pursuant to EU taxonomy. In addition to fossil fuel-free heating and cooling technology based on air-to-air heat pumps, the project will be erected according to the BEG-40 standard. Further measures include greenery on the roof, a photovoltaics system with direct supply of electricity for the tenants and the use of rainwater to irrigate the outdoor installations and flushing toilets. A wildflower meadow, an insect nesting wall and insect-friendly lighting of the outdoor installations contribute towards regional biodiversity. Smart metering and charging stations for passenger vehicles and bicycles are planned.
The start of construction for the third MSK site in Bensheim is planned for January 2026 and completion in March 2027.
22-07-2025
DSV has started construction of its latest facility in Laredo, Texas, US. It will solidify DSV’s position at the US-Mexico border and reinforces its commitment to cross-border logistics and warehousing solutions.
The high-tech facility represents a relocation and expansion of DSV Laredo’s existing operations, with the addition of Contract Logistics further strengthening this hub for warehousing and transportation across the US and into Mexico. It will support a variety of industries, including consumer products, technology, and industrial equipment. The warehouse design will boast advanced safety and security features, to ensure optimal protection for client assets.
Key features:
Air & Sea, Road, and Contract Logistics services
79,245 m2 of warehousing space
40’ clearances
85 dock doors
4 ramp doors
Pallet racking and floor storage
Strategic hub at US-Mexico border
Cross-border efficiencies
Furthermore, DSV Laredo’s facility supports cross-border commerce through OptiMex, the Company’s comprehensive US-Mexico cross-border logistics solution. With bonded and Foreign Trade Zone (FTZ) designations, the facility enhances service levels, reduces transit times, and improves cost efficiency.
Located near mile marker 12 of I-35 in Laredo, Texas, this advanced facility provides easy access to major highways and Laredo International Airport. With close proximity to the border, it is positioned as a key hub for logistics and supply chain efficiency across the border, throughout the country, and globally.
22-07-2025
Wolseley will occupy Unit 2, a 10,015 m2 Grade A unit that forms part of Greenbox’s flagship site built speculatively to Net Zero Carbon in Construction and in Operation standards. This letting is a significant milestone for the ESG-led Greenbox platform, delivered through a Joint Venture between Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, and Citivale, a specialist UK logistics developer and asset manager.
Completed in March 2025, Greenbox Darlington comprises three prime industrial units and sets a new benchmark for energy-efficient, future-ready logistics space. Each unit is designed to BREEAM ‘Excellent’ and EPC ‘A’ standards and developed with Net Zero Carbon credentials as a core principle, not an afterthought.
As a company actively committed to responsible environmental practices, Wolseley’s move into Greenbox Darlington enables the business to align its nationwide operations with its sustainability ambitions from day one. The new Darlington distribution centre will support Wolseley’s extensive network of branches across the UK, ensuring supply chain resilience while operating from a cutting-edge, low-carbon facility.
Strategically located within the thriving manufacturing and industrial hub of the Northeast, close to the A66 and A1(M) corridors, Greenbox Darlington offers unrivalled connectivity for national logistics operations while contributing to the green transformation of the UK’s industrial landscape.
Greenbox was represented by HTA Real Estate and Savills, with Wolseley advised by Lambert Smith Hampton.
21-07-2025
Kuehne + Nagel has celebrated a significant milestone in its presence in Ecuador with the opening of a state-of-the-art logistics centre in Tababela, Quito. The new facility includes 2,280 m2 of refrigerated warehouses, 6,445 m2 of manoeuvring yard, 25 docks and 795 m2 of office space.
Since its founding in Quito in 1995, with just five employees dedicated to air logistics, Kuehne + Nagel Ecuador has experienced continuous growth. The acquisition of Master Transport in 2013 and Panatlantic in 2018 further strengthened its leadership in the perishable sector. Today, thanks to its development and expanded service offerings, the Company ranks as one of the most comprehensive and versatile organisations in the country for international trade and supply chain management.
Integrating all Quito teams into a single location will foster stronger synergies, increase process agility and deliver a superior experience for both customer and employees.
Currently, the Company's primary solutions in the country include general and perishables air logistics services, cross-docking, airport storage and delivery, full container and consolidated sea freight as well as customs management. Additionally, Kuehne + Nagel offers decarbonisation options for these services.
22-07-2025
cargo.one has unveiled its latest release, including a series of updates featuring AI automation and smart workflows. The enhancements streamline the entire quoting process for forwarders, from initial customer emails to quotes won and booked. Forwarders using the new capabilities report improved efficiency and faster quote turnaround times, leading to increased conversion rates.
The freight forwarding industry has long struggled with fragmented workflows that force teams to chase rates across different tools, and manually copy data. These inefficiencies slow down quoting processes and prevent teams from focusing on higher-value activities like building customer relationships and handling complex shipments or large tenders. As supply chains grow more complex and customer expectations rise, the need for workflow automation has become critical.
cargo.one's latest product release addresses these challenges with three key innovations: AI-powered automation to accelerate quoting, enhanced rate management system with all rate types needed for complete door-to-door pricing in one place, and integrated workflows that enable freight forwarders to work on opportunities and quotations from one central queue.
Freight forwarders receive hundreds of quote requests daily, with teams spending hours manually processing requests and logging data. cargo.one uses AI to extract shipment details from incoming emails and collect relevant rates from its AI-native database, bringing forwarders to an initial quote quickly and with ease.
Alongside the platform's live and static rates, forwarders can now manually request rates from airline sales teams directly on the platform, while leveraging their own consol and gateway rates. Such comprehensive rate coverage enables forwarders to compare all rate options, while ensuring full control over rate access by teams.
Freight forwarders, such as Röhlig Logistics, Toll and Logwin, using cargo.one can prioritise opportunities and quotes in a central queue, access every rate needed, and sync quotes directly to their TMS. This results in an end-to-end workflow that allows forwarders to quote faster and with no need to switch between tools.
This latest release strengthens cargo.one's position as the leading air freight platform, applying AI to the market's most comprehensive rate selection. cargo.one continues to evolve as the industry’s central platform that frees freight forwarders from manual work so they can focus on winning shipments and growing their business.
25-07-2025
MAN Truck & Bus and the Dettendorfer freight forwarding company are testing the night-time use of fully electric trucks on a Brenner route between Raubling and Bolzano for four weeks in July and August as part of a pilot project. Thanks to the existing exemption from the night-time driving ban on the A12 (Inntal motorway), eTrucks are allowed to drive at night, unlike diesel trucks. The aim of the project is to ease traffic flows on the Brenner Pass, avoid congestion, reduce CO2 and noise emissions, and increase security of supply – especially during the holiday season.
Night-time transport with eTrucks across the Brenner Pass has been possible in principle since 2021. However, there has been a lack of widespread vehicle availability and charging infrastructure for long-distance transport. With the MAN eTruck, which has been in series production in Munich since June 2025, daily ranges of up to 800 km can be easily achieved with one intermediate charge in both winter and summer. Thanks to an exemption from the night-time driving ban on the Inntal motorway (A12) in Tyrol, the fully electric truck can operate cross-border at night on the entire route between Germany and Italy – for example, from Munich to Verona or from Rosenheim via the Brenner Pass to Bolzano and back.
This means that eTrucks can now cover routes that were previously impossible for diesel trucks due to night-time driving bans – a real step forward for efficient, quiet and emission-free night-time logistics in the Alpine region and particularly interesting for transport in the refrigerated and pharmaceutical logistics sectors or for time-critical supply chains. In this way, eTrucks relieve the Brenner route during low-traffic night-time hours. A model calculation shows that just 300 eTrucks operating at night can reduce block clearance in Kufstein by up to one hour during the day. At the same time, they make an important contribution to climate protection: each eTruck saves an average of around 95 tonnes of CO2 per year – with an annual mileage of 110,000 km. With just 300 vehicles per day, this results in annual savings of up to 28,000 tonnes of CO2, which is equivalent to the emissions of a small town.
The use of electric trucks on the Brenner route not only makes sense in terms of avoiding traffic jams and congestion, but also from an economic perspective. With an annual mileage of over 110,000 kilometres on German motorways, this results in toll savings of over €60,000 per vehicle per year – a clear economic advantage for the use of battery-powered trucks. The 100.0% toll exemption currently applies exclusively in Germany. EU Transport Commissioner Apostolos Tzitzikostas recently recommended extending the toll reduction for electric trucks, which was previously limited to the end of 2025, until mid-2031. The aim is to increase investment security for logistics companies and accelerate the switch to e-mobility.
Different rules apply in other countries: on the A13 in Austria, e-trucks are charged up to 75.0% less toll, especially at night. In Italy, on the other hand, there are only marginal differences in tolls between diesel and e-trucks on the route via the Brenner Pass to Bolzano.
Over a period of three years, a typical usage scenario for trucks in logistics, the toll savings of the eTruck contribute to a total cost advantage (total cost of ownership) of over 15.0% compared to diesel-powered vehicles on the Brenner route. In addition to lower tolls, lower energy and maintenance costs, exemption from vehicle tax and the increasingly available charging infrastructure along the route contribute to the economic efficiency. Example charging scenarios show that charging costs around 0.41 euro/kWh at night in Raubling and around 0.38 euro/kWh in Bolzano. In addition, recuperation on the mountainous route increases to up to 40.0%. While braking energy is lost unused in diesel trucks, the eTruck stores it as electricity back in the battery – a clear efficiency advantage.
Battery-powered trucks also significantly reduce noise emissions compared to diesel trucks. In acoustic tests, the eTruck was perceived as around half as loud as a conventional diesel truck when accelerating. Specifically, this results in a difference in noise level of around twelve decibels. This roughly corresponds to the difference between a main road and a quiet street in a residential area. A real benefit for residents and the environment along the Brenner route.
The family-run Spedition Dettendorfer, based in Raubling, is considered a pioneer in sustainable logistics. As a long-standing innovation partner of MAN, Dettendorfer has been testing alternative drive systems in real-world operations for several years – now for the first time in cross-border night-time operations. Dettendorfer Energy GmbH also plays a central role as a first mover and important partner in the project by setting up a charging infrastructure for freight transport in Upper and Lower Bavaria and Tyrol.
24-07-2025
DHL Group and Ford are further expanding their long-standing cooperation in e-mobility: By the end of 2025, 2,400 new e-vans from Ford Pro will enhance the delivery fleet in the German parcel and postal sector. Two models will be used: the E-Transit, Europe's best-selling electric van in the two-ton segment, and its smaller sibling, the E-Transit Custom, also Europe's number one among fully electric one-ton vans. Most of the vehicles have already been delivered, and DHL has reported positive interim results. Following this milestone, the number of Ford Pro E-vans deployed in the Post & Parcel Germany (P&P) business unit will total 4,900 vehicles. This makes Ford one of the largest suppliers of electric vehicles for Deutsche Post and DHL. The total number of electric vehicles deployed in P&P will thus increase to around 35,000-by far the largest electric delivery fleet in Germany.
By the end of 2025, Ford Pro will deliver 2,400 all-electric Ford E-Transit and E-Transit Custom vehicles to Deutsche Post and DHL.
DHL uses the E-Transit for urban parcel delivery. The cargo space volume is 18 cubic meters, which corresponds to approximately 200 parcels that can be transported in the vehicle. With its battery capacity of 68 kWh, the E-Transit achieves an electric range of up to 315 kilometres (km). Ford Pro even offers the electric van with a larger 89 kWh battery and a range of up to 402 km as an option. However, the smaller battery option is entirely sufficient for DHL's use in urban areas, where the average tour length is 20 to 30 kilometres. Compared to a comparable internal combustion vehicle, the E-Transit saves 4 tons of CO2e and 1,200 litres of diesel per year.
The smaller E-Transit Custom operates in combined delivery, meaning the joint delivery of letters and parcels in more rural and suburban areas. Its cargo space volume is 6.8 cubic meters, its battery capacity is 64 kWh, and its range is up to 328 kilometres. Compared to a comparable internal combustion vehicle, the E-Transit Custom saves 4 tons of CO2e and 1,200 litres of diesel per year.
However, the partnership between Ford Pro and Deutsche Post and DHL includes not only the delivery of electric vans but also a comprehensive package of solutions to operate the electric fleet as efficiently as possible. Ford Pro provides its connected E-Telematics software. Additionally, Deutsche Post and DHL utilise Ford Pro's Mobile Service. Specifically trained technicians from Ford Transit Centers across Germany can perform around 70.0% of the usual maintenance and repair work directly on-site at DHL depots with their service vans.
To ensure the best possible maintenance quality, Ford Pro also offers a maintenance contract tailored to the specific needs of each customer for all vehicles. Ford Pro also provides customised solutions for vehicle conversions and uses the expertise of certified conversion partners who have been working with the manufacturer for years.
With its smart software and service offerings, Ford Pro reduces downtime for fleet vehicles and increases the efficiency and productivity of its business customers' fleet management. In the case of Deutsche Post and DHL, the Ford Pro ecosystem increases the uptime of connected electric vans by up to six hours per month.
23-07-2025
In 2023, McBurney became part of DFDS, inheriting a broad vision that puts more sustainable transport front and centre. Sustainability is no longer a “nice to have” for leading carriers like McBurney Transport Group: it’s central to their mission. With deep roots in Ireland, and a growing presence across Europe, McBurney is embracing innovation to build a more sustainable approach for logistics. Through a growing collaboration with Amazon Relay, they’re making significant strides on that journey.
Decarbonising road freight is no easy task. It requires long-term thinking, bold investments, and strong collaboration. McBurney’s forward-thinking approach includes expanding their fleet of low-emission vehicles. In fact, they recently welcomed their latest addition: a brand-new electric HGV, brought into service with the help of Amazon Relay.
The new electric HGV joins the Company’s existing fleet of 145 electric HGVs on the road across Europe. And because of the access to lanes through Amazon Relay, it’s already connecting operations across Manchester, Liverpool, and Ireland.
With a strategic base close to Liverpool port, McBurney’s operations are designed with efficiency in mind. Taking advantage of Amazon Relay lanes, their routes remain tight, local, and are designed to maximise truck utilisation. Everything it does is within an hour and a half radius of the Liverpool port, which means over a 24-hour period, one truck can do three to four loads.
As their collaboration with Amazon Relay expands, so does their potential to scale this low-impact model even further. The more the Company grows its relationship with Amazon Relay, the more trucks it can add to these existing lanes in the future.
For McBurney, the path to decarbonisation is a shared one. And by collaborating with Amazon Relay, they’re proving that collaboration can be one of the most powerful tools in creating real, lasting impact.
Amazon Relay is a suite of services that gives carriers the opportunity to tap into Amazon’s network and technology to build and grow their transportation business. It offers a comprehensive toolset that helps transportation businesses grow. One of its key features, Short-Term Contracts, helps carriers secure full work-weeks for their drivers and grow their fleet by locking in revenue for provided trucks with single or multi-week contracts several weeks in advance. Additionally, via Relay Auctions, carriers can bid on contracts with full transparency into the timing remaining in the auction and the current lowest bid. Relay also includes a loadboard, where carriers can enjoy exclusive access to Amazon’s spot work and book loads with all-in pricing at the click of a button.
22-07-2025
FedEx has completed the first phase of its vehicle electrification in Korea. This marks an important step toward the Company’s goal of an all-electric, zero-tailpipe emission pickup and delivery (PUD) fleet by 2040.
Following the introduction of its first six electric vehicles (EVs) in January 2025, FedEx expanded its EV fleet earlier this month by deploying an additional 13 Hyundai ST1 Electric Cargo Vans. These vans now operate in both commercial and residential areas in Gyeonggi Province including Gunpo, as well as in various districts in Seoul such as Gangnam, Jongno, Sangam, Seongdong, and Yongsan. The vehicles offer a 1-ton load capacity and estimated range of up to 317 kilometres on a full charge. Based on FedEx operational data, each EV is expected to avoid around 4.5 metric tons of tailpipe emissions per year, based on the average distance travelled on planned routes when compared to similar diesel-powered vans.
To support the expanded EV operations, FedEx has also enhanced its charging infrastructure, installing a total of twelve charging stations at two depots, eight at the FedEx Sangam Station and four at the FedEx Gimpo Station respectively.
22-07-2025
AIT Home Delivery has invested in a strategic move to enhance fleet efficiency, reduce operational costs, and support its sustainability goals. The Company has taken delivery of 35 new MAN TGS 4x2 tractor units, acquired on a three-year lease, to replace its previous MAN TGX 6x2 trucks, which had been operated over three generations.
All of the trucks are now in operation and fully wrapped in AIT’s new livery.
This marks a step-change in the Company’s fleet strategy. The move to 4x2 configuration brings significant benefits in terms of payload flexibility, fuel economy, and operating costs, all of which are key in a highly demanding final-mile logistics environment.
The shift from 6x2 to 4x2 brings a host of operational improvements:
> Reduced unladen weight allows for higher legal payloads.
> Improved fuel efficiency thanks to lower rolling resistance and drivetrain drag.
> Lower maintenance costs with fewer components such as tyres, axles, and brake systems.
> Enhanced manoeuvrability—critical in tight depot and urban environments.
> Simplified mechanical configuration, making maintenance quicker and more cost-effective.
The new fleet is also dual-fuel capable, allowing operation on both diesel and HVO (hydrotreated vegetable oil). AIT is currently trialling five of the units on HVO, with early results showing strong performance and improved fuel economy, without any noticeable reduction in vehicle performance.
While HVO currently comes at a modest premium, 125ppl versus diesel at 102ppl, the up to 90.0% CO2 reduction it offers over fossil fuels makes it a compelling proposition for AIT and its sustainability-focused clients.
The HVO trial will expand to include key trunking routes from Northampton supporting major clients. The results will inform broader adoption across the fleet.
24-07-2025
ArcBest announced that the ArcBest Board of Directors has appointed Thom Albrecht as a new independent director, effective immediately. Long-serving director Steven L. Spinner will retire from the board, effective 31 October 2025.
Albrecht brings over 35 years of experience in transportation and logistics to the board and will serve on the Audit Committee. He currently serves as Chief Revenue Officer at Reliance Partners, a commercial insurance agency specialising in transportation and logistics, where he previously held the role of CFO.
He also held various executive positions at Celadon Group, an Indianapolis-based truckload company, including CFO and Chief Commercial Officer. Albrecht spent 28 years on Wall Street specialising in the transportation sector and is a 7-time Wall Street Journal All Star.
His appointment aligns with ArcBest’s ongoing commitment to valuing diverse perspectives and our efforts to enhance long-term sustainable value for shareholders.
Spinner joined the ArcBest Board of Directors in 2011 and served as Lead Independent Director for nine years, as well as a member of the Audit Committee. During his tenure, Spinner helped guide ArcBest through many key milestones that contributed to its transformation from an LTL company into a leading integrated logistics company. He supported succession planning and oversaw multiple acquisitions as ArcBest expanded its comprehensive suite of logistics solutions.
These changes are part of ArcBest’s regular assessment of board size, composition and current balance of skills and characteristics. Additional updates are expected in the coming months as the review process continues.
24-07-2025
Holman Logistics has appointed Troy Mascarenhas as Chief Financial Officer based in the Federal Way Support Centre. He will be responsible for all financial and accounting duties at the Company, reporting directly to President Mike Gardner.
Mascarenhas is an experienced logistics, distribution, and finance executive who has served in key leadership roles at companies including Walmart Canada, Walmart service provider SCM Supply Chain Management Inc., and Kane is Able, Inc. He is a Certified Professional Accountant and holds a bachelor's degree from York University in Toronto, Canada.
As CFO of a privately held organisation, Troy will be responsible for maintaining financial discipline and helping Holman continue to provide clients with comprehensive and expanding logistics services.
Mascarenhas joins Holman Logistics at a time of accelerated growth and strategic investment in technology, infrastructure, and customer solutions. His leadership complements the existing team and will be instrumental in aligning financial strategy with long-term business goals.
19-07-2025
FedEx announced Sriram Krishnasamy is stepping down as Executive Vice President, Chief Digital and Information Officer, and Chief Transformation Officer, effective today and will move into an executive advisor role until 31 October 2025 to assist with the transition and ensure continuity of the technology strategy.
The Company and Krishnasamy mutually agreed to the decision following the successful completion of several key initiatives aligned with the Company’s long-term strategy, including achieving its US$4.0 billion structural cost reduction target at the end of its 2025 fiscal year as well as advancing its digital transformation.
A comprehensive transition plan will be announced in the future. In the interim, the leadership of the Data and Technology organization will report directly to Subramaniam.
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