In an environment marked by significant geopolitical uncertainty, CMA CGM Group delivered what it termed as ‘solid’ results in 2025, driven by the performance of its shipping lines. The continued growth of its terminals and air freight operations, combined with its logistics activities, strengthens the Company’s agility and allows it to adjust operations to the cycles of the industry.

The 2025 financial year unfolded against a backdrop of gradual normalisation in the shipping and logistics sectors. The container shipping industry was shaped by ongoing geopolitical tensions and developments in tariff policies, whose anticipation and successive adjustments increased uncertainty and influenced the reorganisation of global trade flows. In this environment, trade growth remained dynamic, with transported volumes rising by more than 4.0% year-on-year, driven notably by stronger intraregional flows and increased trade with emerging economies.

At the same time, the continued expansion of global shipping capacity weighed on freight rates, which declined compared with 2024 in an environment that remains volatile. Disruptions on certain major maritime routes, particularly in the Red Sea and the Gulf of Aden, continued to weigh on trade flows and sailing patterns, although their impact on effective capacity gradually eased. Against this backdrop, the CMA CGM Group demonstrated agility and operational discipline in optimising fleet deployment, adapting its services and controlling costs, while continuing to pursue its strategic investments across the entire value chain.

For the 2025 financial year, revenue amounted to US$54.4 billion, down 2.0% compared to 2024, primarily due to lower revenue from container shipping activities. EBITDA reached US$10.6 billion, down 21.4%, representing an EBITDA margin of 19.4%, down 4.8 percentage points compared to 2024.

In the Maritime division, for the year 2025, transported volumes reached 24.2 million TEU, up 2.8% compared with 2024, driven by sustained demand. Transported volumes increased by 5.3% in Q4, outperforming the market. Annual revenue for the shipping container declined 6.1% versus 2024, reaching US$34.3 billion. EBITDA stood at US$7.9 billion, down 29.8% compared with US$11.2 billion in 2024. The EBITDA margin fell 7.8 points to 23.0%, reflecting an average revenue per TEU of US$1,414 over the year, down 8.7%.

Logistics revenue amounted to US$18.3 billion in 2025 and remained relatively stable, down 0.4%, compared to 2024. EBITDA reached US$1.7 billion, down 2.2% compared to 2024. The EBITDA margin stood at 9.4%, a decrease of 0.2 percentage points, reflecting pressure on freight management activities due to a volatile market environment as well as challenges affecting the automotive sector. Contract logistics activities, meanwhile, delivered strong performance over the year, with both revenue and profitability increasing.

Other activities notably include terminals, CMA CGM AIR CARGO, and the media business. Revenue from these activities rose 48.4% to US$4.3 billion, driven in particular by scope effects and strong performance from the terminals portfolio and the air cargo business. EBITDA reached US$958.0 million, up 115.3%, corresponding to a margin of 22.5%, an increase of 7.0 points compared with 2024.

Looking ahead, in 2026, in a context of heightened tensions, particularly in the Middle East, the Company’s priority is clear: protecting teams and adapting operations to ensure customers continue to receive a reliable and high-quality service. At the same time, it is pursuing development, continuing to invest in industrial assets and strengthening its global network. The CMA CGM Group continues to benefit from a strong balance sheet, enabling it to approach 2026 with confidence despite these geopolitical and sectoral uncertainties.

In 2026, container shipping is expected to record moderate growth worldwide, following a dynamic year in 2025. However, developments in the Middle East, particularly in the Red Sea, will be key factors influencing market balance and freight rate trends. The Group remains vigilant and attentive to ongoing tensions surrounding trade policies, as well as to macroeconomic and geopolitical developments affecting strategic maritime corridors.

In this uncertain environment, the Group will be able to rely on the diversification of its activities, the flexibility of its network, and its financial strength. The integration of Freightliner and Fagioli, the strengthening of its terminal positions through the creation of the United Ports joint venture, as well as the development of its activities in France, particularly in Lyon, and internationally, notably in India, reflect the consistent implementation of its strategy and the resilience of its business model.

Lufthansa Cargo significantly improved its business results in 2025 compared to the previous year. Revenue increased by 4.0% to €3.4 billion (previous year: €3.26 billion), the adjusted EBIT rose by 29.0% to €324.0 million euros (previous year: €251.0 million). The adjusted EBIT margin improved by 1.8 percentage points to 9.5% (previous year: 7.7%). Available freight capacity was also expanded in 2025: a total of 14.45 billion freight tonne kilometres (+ 5.4%) were offered. Sales increased by 7.0% year-on-year to 9.1 billion freight tonne kilometres. The average load factor improved by 1.1 percentage points to 63.0% (previous year: 61.9%). Furthermore, quality measured in “delivery on time” increased by 5.0 percentage points compared to previous year.

In addition to generally stable market demand and continued strong performance in the Asian business during the reporting period, the BOLD MOVES corporate strategy significantly contributed to Lufthansa Cargo’s success in 2025. BOLD MOVES has been implemented since end 2023 with the goal of firmly re-establishing Lufthansa Cargo among the world’s top three cargo airlines by 2030, based on Revenue Freight Kilometres. By the end of the 2026 financial year, a Top 5 position had been targeted.

Lufthansa Cargo has now reached this important interim milestone ahead of schedule, already achieving it by the end of the 2025 financial year. At the same time, both employee engagement and customer satisfaction increased significantly in the 2025 financial year. The core elements of BOLD MOVES focus on three priorities: competitive core, profitable growth and focusing on its people and culture; enabling sustainable growth; and further developing the corporate culture.

In the 2025 financial year, Lufthansa Cargo significantly expanded its global offering and advanced key strategic initiatives. Since June 2025, the Company has been marketing the cargo capacities of ITA Airways; since the winter schedule, this includes nearly the entire continental and intercontinental network of the Italian airline, excluding routes to and from the US and Canada until regulatory approval is granted. With Rome as the fifth hub, Lufthansa Cargo strengthens its presence in Southern Europe and will expand global belly hold capacity by around 20.0% in the long term. Already today, Lufthansa Cargo is the home carrier in five of Europe’s ten most important air freight markets, including Germany, Switzerland, Italy, Belgium, and Austria.

The Company is now closer to its goal of making Lufthansa Cargo one of the world’s top three air freight providers by 2030.

Lufthansa Cargo grew by 7.3% last year, more than double the growth of the overall market, which stood at 3.4%. This development impressively underscores the quality, reliability and economic strength of its business model. I

With new A321F destinations such as Katowice (KTW), Rome (FCO) and Beirut (BEY) in 2025, the Company strengthened its European presence as well as its position in the Middle East. Freighter operations to Tel Aviv (TLV) were resumed and increased to up to seven weekly flights. In intercontinental traffic, freighter connections to Almaty (ALA) and a new route from Shanghai (PVG) to Los Angeles (LAX) over the pacific were added, complemented by a broad offering of up to 50 weekly frequencies in Asia-Pacific and more than 30 destinations in North and South America. Belly hold capacity was also expanded through new routes from Vienna (VIE) to Los Angeles (LAX) and from Munich (MUC) to Orlando (MCO), as well as to Windhoek (WDH) and Calgary (YYC).

In 2025, Lufthansa Cargo further strengthened its position in sectors such as Pharma, Automotive, Aviation and Semiconductors, including through joining Silicon Saxony, introducing new standards for vehicle transport, and optimising processes for transportation of aircraft engines. At the same time, significant progress was made in digitalisation: a new online booking system accelerates processes, an improved tracking solution increases transparency, and AI‑powered tools, as automated email bookings and VR training, boost efficiency and service quality.

In the current 2026 financial year, Lufthansa Cargo will continue focusing on expanding its offering: the Company is deepening its collaboration with Swiss WorldCargo and unlocking additional synergies in key commercial and operational areas. With a harmonised product and service portfolio, customers of both companies gain access to one of the industry’s most comprehensive networks. With Zurich as the sixth cargo hub in the European network, Lufthansa Cargo is laying the foundation for further joint growth and an even stronger market presence in the global air freight sector.

Bnode has released its results for 2025. The group reported a total operating income of €4,482.3 million and an adjusted EBIT of €179.7 million for the full year, in line at the high end of its guidance. These results were achieved in the context of ongoing transformation and complex operational conditions.

Bnode reported a total operating income of €4,482.3 million (+3.2%) for the full year 2025, driven by the full-year consolidation of Staci within Paxon. Group adjusted EBIT reached €179.7 million, at the high end of the guidance, reflecting efficiency gains and cost discipline across all three business units.

The group reported a net loss of €39.4 million for 2025. While the adjusted EBIT of €179.7 million reflects solid operational performance, the reported net result was impacted by €55.5 million of one-off costs related to real-estate portfolio rationalisation and technology simplification at Radial North America, as well as a higher interest expense following the financing raised for the acquisition of Staci.

2025 was a pivotal year where Bnode's transformation gathered significant momentum. The shift from a local postal operator with a portfolio of diverse subsidiaries to become a digital expert in parcel-size logistics with three clear go to market brands is picking up speed. On group level, in 2025, leadership was strengthened, with new CEOs appointed for Paxon North America and Paxon Europe to accelerate execution. The group also simplified its brand architecture from 31 brands to a clear four-brand structure (Bnode with BU’s Bpost, Paxon, Landmark Global), bringing consistency and focus, aligned with its strategic repositioning.

At Paxon, the successful integration of Staci and the Fast Track launch (onboarding 22 new clients and generating US$38.0 million in revenues) delivered €58.6 million (adjusted EBIT). Landmark Global posted an adjusted EBIT of €85.3 million (adjusted EBIT), up €5.5 million, driven by strong Asian and Canadian volumes. Landmark Global's Transport Centre of Excellence generated €15.0 million in group-wide transport savings, benefiting all three business units. At Bpost, mail volumes declined by 10.0%, reflecting the continued structural erosion of letter traffic. Parcel volumes grew by 2.0%. The strikes weighed also on the result, especially the one from early 2025. On the other hand, the team reorganised 138 distribution offices, expanded the locker network to 2,500 installations, and launched Night Delivery for SME’s, opening a new B2B segment, delivering an adjusted EBIT of €67.0 million.

Bnode successfully executed the year-end peak in all geographies, with Bpost recording above-run-rate peak efficiency in the fourth quarter.

Looking ahead, in 2026, Bnode shifts from piloting to scaling: accelerating what works, executing with discipline, and embedding proven initiatives structurally. The group projects an adjusted EBIT of €165-195.0 million for the full year.

At Paxon, the North American business scales its Fast Track model to deepen mid-market penetration, while the European operations capitalise on the integrated country structure to drive commercial synergies and asset utilisation. Landmark Global maximises group-wide transport synergies and leverages its cross-border expertise in a complex trade environment. At Bpost, the transformation deepens with the expansion of the locker network to 3,400 installations, the scaling of B2B services, and the negotiation of the eighth Management Contract with the Belgian state.

DHL Group navigated continued trade tensions and exceeded its targets for the financial year 2025. Revenue declined 1.6% to €82.9 billion, also due to currency effects and lower volumes on routes to the US. Thanks to active capacity management and structural cost improvements, DHL Group increased its operating profit (EBIT) 3.7% to €6.1 billion, thereby exceeding its earnings guidance of at least €6.0 billion. Profitability also improved: the EBIT margin rose to 7.4%, up 0.4 percentage points versus the prior year.

The Group aligned its investments in the financial year 2025 with the volatile dynamics of global trade flows, while continuing to invest in regions and sectors with strong growth potential. Capital expenditures for owned assets amounted to €3.0 billion in the financial year 2025, 3.8% below the prior-year period.

Free cash flow (excluding M&A) in the financial year 2025 rose 8.3% to €3.2 billion, exceeding the guidance of around €3.0 billion. Over the same period, DHL Group generated consolidated net profit attributable to Deutsche Post AG shareholders of €3.5 billion, an increase of 5.1% year-over-year.

> Express: EBIT and margin increase
Revenue: down 2.8% to €24,430.0 million
EBIT: up 2.5% to €3,162.0 million
EBIT margin: 12.9%, from 12.3% in 2024
At DHL Express, shipment volumes to the US declined in the 2025 financial year due to higher tariffs and the elimination of the deminimis rule. Nevertheless, the division achieved earnings growth with a solid double-digit margin, supported by cost discipline, productivity improvements, and flexible planning of the air network.

> Global Forwarding, Freight: challenging market environment
Revenue: down 5.1% to €18,643.0 million
EBIT: down 29.6% to €756.0 million
EBIT margin: 4.1%, from 5.5% in 2024
The global freight forwarding market in 2025 was shaped by ongoing geopolitical conflicts and rising uncertainty surrounding tariff developments. Capacity constraints from last year eased over the course of 2025, which, together with a gradual stabilisation of the situation in the Red Sea, contributed to lower air and ocean freight rates.

> Supply Chain: revenue and earnings growth along with margin improvement
Revenue: up 0.5% to €17,778.0 million
EBIT: up 8.7% to €1,161.0 million
EBIT margin: 6.5%, from 6.0% in 2024
The structurally intact outsourcing trend supported the growth of DHL Supply Chain in 2025. High levels of flexibility, standardised processes, and targeted data analytics ensured the reliability of customers' supply chains even in a complex environment. In addition to productivity gains driven by digitalisation, automation, and standardisation, new business wins also contributed to the division's continued earnings improvement.

> eCommerce: volume growth in almost all markets
Revenue: down 1.1% to €6,884.0 million
EBIT: up 35.3% to €379.0 million
EBIT margin: 5.5%, from 4.0% in 2024
The division continued to invest in expanding its network. Excluding negative currency effects of €148.0 million, revenue exceeded the prior-year level by 1.0%. Operating profit includes a positive net one-off effect of €129.0 million.

> Post & Parcel Germany: significant EBIT improvement
Revenue: up 3.0% to €17,874.0 million
EBIT: up 25.8% to €1,032.0 million
EBIT margin: 5.8%, from 4.7% in 2024
The structural decline in letter volumes and the growth in parcel volumes shaped the 2025 financial year for the Post & Parcel Germany division. Yield management, increased parcel volumes, and strict cost management drove EBIT growth, offsetting declines in mail volumes, higher inflation-related costs, and the additional burden from collective bargaining agreements.

In 2026, the Group expects geopolitical uncertainties to persist. DHL Group will therefore continue to focus on efficiency improvements, active capacity management, and further implementation of the "Fit for Growth" cost programme. For the financial year 2026, the Group anticipates operating profit above €6.2 billion and free cash flow (excluding M&A) of around €3.0 billion. The Group expects operating profit over €5.6 billion for DHL, over €0.9 billion for Post & Parcel Germany, and around €-0.4 billion for Group Functions.

JD.com, Inc. announced its unaudited financial results for the three months, and the full year ended 31 December 2025. Net revenues increased by 1.5% to RMB352.3 billion (US$50.4 billion) for Q4, 2025 from RMB347.0 billion for Q4, 2024. Net product revenues decreased by 2.8% compared to Q4, 2024, primarily due to a high base effect in Q4, 2024. While net service revenues increased by 20.1% for Q4, 2025, compared to Q4, 2024. Cost of revenues increased by 1.1% to RMB297.2 billion (US$42.5 billion) for Q4, 2025 from RMB293.9 billion for Q4, 2024. Fulfilment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased by 20.7% to RMB24.3 billion (US$3.5 billion) for Q4, 2025 from RMB20.1 billion for Q4, 2024. Fulfilment expenses as a percentage of net revenues was 6.9% for Q4, 2025, compared to 5.8% for Q4, 2024, as the Company continues to upgrade fulfilment capabilities and invest in human capital to enhance user experience. Loss from operations for Q4, 2025 was RMB5.8 billion (US$0.8 billion), compared to an income of RMB8.5 billion for Q4, 2024.

For the full year 2025, net revenues increased by 13.0% to RMB1,309.1 billion (US$187.2 billion) from RMB1,158.8 billion for the year of 2024. Net product revenues increased by 10.3%, while net service revenues increased by 23.6% for the year of 2025, compared to the year of 2024. Cost of revenues increased by 12.7% to RMB1,099.1 billion (US$157.2 billion) for the year of 2025 from RMB975.0 billion for the year of 2024. Fulfilment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased by 25.2% to RMB88.2 billion (US$12.6 billion) for the year of 2025 from RMB70.4 billion for the year of 2024. Fulfilment expenses as a percentage of net revenues was 6.7% for the year of 2025, compared to 6.1% for the year of 2024, as the Company continues to upgrade fulfilment capabilities and invest in human capital to enhance user experience. Income from operations for the year of 2025 was RMB2.8 billion (US$0.4 billion), compared to an income of RMB38.7 billion for the year of 2024. Operating margin was 0.2% for the year of 2025, compared to 3.3% for the year of 2024.

The Company operates with Retail, Health, Industrials and Logistics divisions, in addition to a New Businesses collection of activities.

JD Logistics’s (“JDL’s”) net revenue reached RMB217.1 billion (US$31,052.0 million) up 18.8%. Income from operations declined 16.6% to RMB5.3 billion. The operating margin declined to 2.4% from 3.5% in 2024. During 2025, JDL self-developed LangzuTech Goods-to-Person (GTP) automated warehousing solution entered a new phase of nationwide replication. As of 31 December 2025, over 20 LangzuTech automated warehouses have commenced operation in nearly 20 cities nationwide. Benefiting from the in-depth application of the GTP model, JDL has achieved high-density storage and ultra-fast picking from millions of SKUs, and effectively ensured the stable operation during peak business periods such as grand promotions.

In addition, in Q4, 2025, JDL launched its first overseas LangzuTech warehouse in the UK. As JDL’s flagship automated warehouse, it is equipped with hundreds of LangzuTech robots, substantially boosting picking and outbound efficiency. The launch of the warehouse strongly supports the premium fulfilment experience in the local market with as fast as same-day delivery services.

Waberer’s International announced on 20 November 2025 that its wholly owned subsidiary, Gránit Biztosító exercised its call option right as set out in the Framework Cooperation Agreement concluded with Magyar Posta Zrt. simultaneously with the share purchase agreement relating to the acquisition of a majority stake and acquires the 33.095% shareholding held by the minority shareholder (Magyar Posta Zrt.) in Magyar Posta Biztosító Zrt., thereby increasing its ownership to 100.0%.

Following the receipt of all required regulatory approvals, Gránit Biztosító has successfully completed the transaction.

As previously disclosed in November 2025, the price of the minority stake was determined in the Framework Cooperation Agreement and was identical to the price applied in the acquisition of the majority stake. The transaction was financed entirely from Gránit Biztosító’s own funds.

The present transaction does not affect the ownership structure of Magyar Posta Életbiztosító Zrt., a life insurance company majority-owned by Gránit Biztosító.

In 2022, NTG introduced a medium‑term ambition to achieve adjusted EBIT of DKK1,000.0 million by the end of 2027. This ambition reflected the strong earnings momentum following the pandemic, supported by favourable market conditions and elevated activity levels across large parts of the transport and logistics industry at the time.

The ambition was underpinned by a combination of continued organic development and the successful execution of value‑accretive M&A, which has historically been a key driver of the NTG Group’s growth and value creation.

Since then, market dynamics and structural conditions in the transport and logistics industry have changed. Macroeconomic volatility, shifting trade patterns and more uneven demand conditions have reduced overall visibility, while medium‑term performance has become increasingly dependent on the availability, timing and terms of attractive M&A opportunities rather than purely organic market development.

Given the inherent uncertainty surrounding such opportunities and their potential timing, it is no longer considered meaningful to maintain or update guidance on medium‑term ambitions. Accordingly, financial guidance will be provided on an annual basis going forward.

Capital structure targets, including financial gearing, equity ratio and dividend policy, remain unchanged. For 2026, the Company’s focus remains on delivering on the Route ’27 strategy, reengaging in M&A activities subject to attractive opportunities being identified, and delivering on full-year guidance.

NTG delivered solid organic growth in a challenging market in 2025 and advanced its strategy to make NTG scalable and repeatable by design. It completed DTK, the Company’s largest acquisition to date, which delivered operational synergies well ahead of plan.

Global freight markets in 2025 were once again shaped by uneven supply–demand dynamics and shifting trade flows across modes. The year was marked by policy and geopolitical changes, which reduced visibility and influenced market behaviour, creating a more complex environment for shippers and freight forwarders alike. Despite this, overall market activity remained stable, albeit with noticeable fluctuations across regions and transport modes.

The Road & Logistics division showed resilience despite muted demand for freight services across Europe. Market data indicated stabilisation in the latter part of the year, which is expected to continue into 2026. Margins reflect the inclusion of groupage activities in Germany, and slightly higher rates at the start of the year due to price increases and capacity leaving the market. The Company expect further price increases in early 2026. Operationally, the division continued to strengthen its network density and service performance, supported by efficiency initiatives and capacity management. While demand remained broadly subdued, customer retention and new-business activity developed positively, positioning the division well for any gradual recovery.

In the Air & Ocean division, NTG advanced strategic initiatives and significantly increased visibility within the division. Demand for global container volumes was volatile for its core customer segment, strong in Q1 and reversing in Q2. In H2, volumes picked up, and demand ended stronger than last year, especially on the Asia–Europe trade lane, while the Asia–North America trade lane, was softer due to increased trade barriers. Container rates declined through the second half of the year. Meanwhile, Suez Canal transits remained limited, with tentative reopening signals shaping the early-2026 outlook. In air, demand improved versus 2024, the global cargo tonne-kilometres rose mid-single digits, driven by intra-Asia and Asia–Europe growth. The division continued to consolidate volumes and leverage strategic carrier relationships.

Net revenue was DKK11,377.0 million in 2025 (2024: DKK9,352.0 million), corresponding to an increase of 21.7%. Organic growth was flat compared to last year, negatively impacted by lower ocean freight rates and offset by market-share gains in Road & Logistics.

Acquisition growth was 21.9%, mainly driven by DTK, ITC and Schmalz+Schön. Currency fluctuations had a limited impact of negative 0.2%. The growth mainly came from M&A and our mature entities in Road & Logistics, while lower ocean freight rates impacted the revenue across the Air & Ocean division. In addition, revenue performance reflected strong volume growth in the Road & Logistics division, supported by new customer wins and sustained commercial focus in several key European road markets. Ocean revenues remained under pressure as rate levels normalised throughout the year.

Gross profit was DKK2,583.0 million in 2025 (2024: DKK1,973.0 million), resulting in a gross margin of 22.7% (2024: 21.1%). Lower freight rates in Air & Ocean and the increased exposure to groupage business, within Road & Logistics, positively impacted the gross margin. Despite the softer rate environment in ocean freight, underlying customer activity levels remained solid, helping to sustain gross profit momentum throughout the year.

Profit for the year was DKK256.0 million in 2025 (2024: DKK335.0 million). The decline in profit primarily reflected the increase in financial expenses, higher special item expenses, and the subdued earnings contribution from ITC, partially offset by higher adjusted EBIT contribution from the remaining part of Road & Logistics division.

At Road & Logistics, net revenue was DKK8,893.0 million in 2025 (2024: DKK6,618.0 million), corresponding to a growth of 34.4%. Organic growth was 5.6%, driven by market share gains across Denmark, Sweden and the Netherlands. Growth from M&A was 28.3%, primarily driven by the acquisitions of Schmalz+Schön, ITC and DTK. Currency effects accounted for 0.5% of the development. Gross profit was DKK2,003.0 million in 2025 (2024: DKK1,447.0 million), corresponding to a growth of 38.4%, whereas organic growth was 3.3%. The inclusion of Schmalz+Schön and DTK supported gross margin growth which totalled 22.5% in 2025 (2024: 21.9%). Adjusted EBIT was DKK519.0 million in 2025 (2024: DKK393.0 million), corresponding to a growth of 32.1%, equal to a 26.5% increase when adjusting for the DKK22.0 million earn-out provision release recognised in Q4, 2025. Organic growth was 5.1%, driven by strong organic growth across mature entities.

The Air & Ocean division reported net revenue of DKK2,484.0 million in 2025 (2024: DKK2,734.0 million), a decline of 9.1% compared to last year. Organic growth was negative 13.7%, mainly driven by lower freight rates and a normalisation of project volumes following an unusually strong 2024. Growth from M&A was 6.4%, reflecting the first full-year impact, while currency effects were negative 1.8%.

Gross profit increased to DKK580.0 million (2024: DKK526.0 million) as volumes increased in the underlying general cargo business. The gross margin improved to 23.3% (2024: 19.2%), supported by lower ocean rates. These tailwinds partly offset the lower contribution from projects, which carry higher unit margins. Adjusted EBIT was DKK74.0 million (2024: DKK131.0 million). The year-on-year decline primarily reflects reduced project volumes, and the DKK35.0 million earn-out provision release recorded in Q2, 2024. These headwinds were partly offset by higher gross profit from both organic growth and acquisitions.

For Q4 2025, net revenue was DKK2,884.0 million, compared to DKK2,593.0 million in Q4, 2024, corresponding to an increase of 11.2%. Organic growth slightly down compared to last year, negatively impacted by lower ocean freight rates and offset by market‑share gains in Road & Logistics. Acquisition growth was 13.3%, mainly driven by DTK and ITC. Currency fluctuations had a limited impact of -0.7%.

Gross profit was DKK663.0 million in Q4, 2025 (Q4, 2024: DKK579.0 million), resulting in a gross margin of 23.0% (Q4, 2024: 22.3%). Lower freight rates in Air & Ocean and the increased exposure to groupage business positively impacted the gross margin. Adjusted EBIT (EBIT before special items) was DKK167.0 million in Q4, 2025 (Q4, 2024: DKK131.0 million) resulting in an operating margin of 5.8% (Q4, 2024: 5.1%). Adjusted for the ITC earn-out reversal of DKK22.0 million, the growth came from the acquisition of DTK and a strong organic performance in Road & Logistics. Adjusted EBIT in the Air & Ocean division declined by 56.8%, primarily due to lower project volumes compared to last year.

Looking ahead, the Company enter 2026 focused on executing its strategy and building a platform that delivers long‑term value. For the full year guidance for 2026, NTG expects adjusted EBIT (EBIT before special items) of DKK600 – 650.0 million. The outlook for 2026 is based on expectations of flat to slightly positive volume development across both divisions, while macroeconomic conditions remain soft and consumer confidence continues to be muted.

In the European Road & Logistics market, growth is expected to be broadly in line with European GDP growth. The freight rate environment is expected to see slight increases, reflecting the rate adjustments announced towards the end of 2025. In the Air & Ocean division, the global market is expected to see moderate growth in transported volumes. While volumes are expected to increase, freight rates are expected to decline due to an oversupply of available freight capacity. Across both divisions, activity levels will be closely monitored, and capacity and cost structures will be adjusted as necessary to reflect underlying market conditions.

The outlook for 2026 includes the effects of acquisitions completed in 2025 but does not include the potential impact from acquisitions during 2026, if any. The outlook further assumes currency exchange rates at current levels. Macroeconomic and geopolitical uncertainty remains elevated, and the assumptions underlying the outlook may change. For 2026, special items are expected to amount to approximately DKK20-25.0 million, excluding any potential additional M&A activity. These special items will primarily relate to restructuring initiatives within the Air & Ocean division.

The Kuehne + Nagel Group generated net turnover of CHF24.5 billion in financial year 2025, down 1.3%. Gross profit increased 1.5% to CHF8.8 billion. EBIT fell 24.9% to CHF1.2 billion. Recurring EBIT reached CHF1.4 billion, down 17.4%, while earnings amounted to CHF925.0 million, down 24.8%. The Group’s recurring conversion rate – the ratio of recurring EBIT to gross profit – stood at 16.0%. The cost reduction programme targeting more than CHF200.0 million of savings was implemented in Q4, 2025.

While the Company did not enjoy any tailwind from the markets, a clear-cut strategy and here particularly the expansion of networks in markets such as North America and Asia, as well as the disciplined execution of the cost measures launched in the autumn produced what the Company termed as ‘good’ results.

As a logistics partner to global cloud and server infrastructure providers, the Company gained significant market share in Air Logistics contributing to its unchanged global No. 1 positions in both the sea and air freight markets on a volume basis.

Net turnover in Sea Logistics totalled CHF8.8 billion in 2025, down 5.0%, with recurring EBIT of CHF585.0 million, down 31.7%. Gross profit increased 0.7% to CHF2.1 billion. Container volumes reached 4.3 million TEU, confirming Kuehne + Nagel’s global number 1 position. The recurring conversion rate stood at 29.0%. The business unit achieved its strategic objective of expanding business with small and medium-sized customers, who for the first time accounted for half of total volumes on a full-year basis. This enabled the Company to stabilise its yield development in the second half of 2025.

Net turnover in Air Logistics amounted to CHF7.3 billion in 2025, up 0.4%, with recurring EBIT of CHF454.0 million down 6.2% and a recurring conversion rate of 26.0%. Gross profit fell 0.8% to CHF1.8 billion. Air freight tonnage grew 7.0% year-over-year to 2.2 million tonnes. The global No. 1 position in air freight was further strengthened through outsized growth in services for cloud and data centre customers in the US, which accelerated into year-end. With the acquisition of Eastway Global Forwarding Ltd., the business unit strategically expanded its portfolio of time-critical aircraft-on-ground services.

Road Logistics recorded net turnover of CHF3.5 billion, up 1.0%, and recurring EBIT of CHF86.0 million in 2025, down 14.9%. Gross profit increased 2.2% to CHF1.3 billion. The weak economic environment in Europe affected the groupage segment. Volume remained stable at 24 million orders. The acquisition of Spanish logistics provider TDN expanded Kuehne + Nagel’s European groupage network, while demand for AI-supported customs services increased noticeably.

Contract Logistics generated net turnover of CHF4.8 billion, up 1.6% and recurring EBIT of CHF255.0 million, up 11.4%, a new record for the business unit. Gross profit climbed 2.8% to CHF3.7 billion. New distribution centres were opened in Japan, Turkey, Vietnam and the UAE, with five additional hubs launched in important economic centres in India. Integrated logistics solutions saw particularly strong demand.

Looking ahead, the accelerated deployment of AI, built upon established global networks and proprietary technology, will be a key strategic pillar with material productivity gains expected over the next 18 months. The Company is cutting over 2,000 jobs as part of its cost-savings programme. It had previously estimated that between 1,000 and 1,500 jobs would need to be cut.
For 2026, Kuehne + Nagel expects a group recurring EBIT result in the range of CHF1.2 to 1.4 billion. Current core assumptions are that global GDP growth will be tempered by persistent geopolitical, macroeconomic and trade uncertainty, with sea and air freight market demand to see growth in line with GDP at best.

Old Dominion Freight Line, Inc. reported certain less-than-truckload (“LTL”) operating metrics for February 2026. Revenue per day decreased by 3.3% as compared to February 2025 due to a 6.8% decrease in LTL tons per day that was partially offset by an increase in LTL revenue per hundredweight. The decrease in LTL tons per day was attributable to a 7.0% decrease in LTL shipments per day that was partially offset by a 0.2% increase in LTL weight per shipment.

For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 3.5% and 4.1%, respectively, as compared to the same period last year.

ODFL is encouraged by trends that it has seen develop in the business. While LTL tons per day declined on a year-over-year basis for the first two months of the quarter, it is cautiously optimistic about the direction of the domestic economy. Best-in-class service continues to support a disciplined approach to yield management and the ongoing improvement in LTL revenue per hundredweight.

Due to the consistent execution of its strategic plan, ODFL has the available capacity necessary to effectively manage incremental volume opportunities as the demand environment improves. It remains confident that it is in a unique position to generate profitable revenue growth and increase shareholder value over the long term.

Cryoport, Inc. announced financial results for its fourth quarter (Q4) and year ended (FY) 31 December 2025. FY 2025 revenue increased to US$176.2 million, exceeding the high end of previous guidance. Life Sciences Services revenue grew 18.0% year-over-year in FY 2025, including a 22.0% rise in BioStorage/BioServices revenue. Commercial cell and gene therapy revenue increased 29.0% year-over-year to US$33.4 million in FY 2025. The Company supported a record 760 global clinical trials and 20 commercially approved therapies as of 31 December 2025

Full-year 2026 revenue guidance of US$190.0 million to US$194.0 million represents 8.0%-10.0% growth y-o-y.

2025 was a year of strong progress for Cryoport. The Company delivered full-year revenue of US$176.2 million, exceeding the high end of previous guidance and reflecting continued momentum across core markets. The Company achieved double-digit revenue growth driven by expanding cell and gene therapy ("CGT") activity, with revenue from the support of commercial CGTs increasing 29.0% year-over-year to a record US$33.4 million for FY 2025. Revenue from the support of clinical trials also remained solid, growing 14.0% to US$47.1 million for FY 2025. At year-end, the Company supported a record 760 global clinical trials, representing approximately 70.0% of CGT trials.

The Company continued to execute on a strategy of expanding revenue streams and capturing more revenue per client as Life Sciences Services revenue increased 18.0% year-over-year for FY 2025, including 22.0% growth in BioStorage/BioServices revenue. This performance reflects the expanding scale of the clinical and commercial programmes supported and the increasing value customers place on differentiated high-end supply chain solutions. While the primary focus remains on accelerating revenue growth and strengthening its market position, the Company continue to enhance operational discipline across the organisation as it advances on its pathway to profitability. In 2025, cost reduction initiatives contributed to a consolidated gross margin of 47.0% and a US$12.0 million year-over-year improvement in adjusted EBITDA from continuing operations.

Life Sciences Products segment grew 7.0% year-over-year and continues to support the Services businesses. MVE Biological Solutions' (MVE) focus on innovation and execution continues to further enhance its position as the global leader in the production of high- quality cryogenic systems. Recently MVE introduced integrated Condition Monitoring Solutions for its dry vapour shippers and also launched the Fusion 800 Series, a revolutionary self-sustaining cryogenic freezer that can fit through a single door, which opens up substantial market opportunities.

The Company also increased investments into Cryoport Systems to support the traction that it is seeing across a broad portfolio of CGT clients. These targeted investments include the launch of a Global Supply Chain Centre in Paris, France, the expansion of Belgian operations to accommodate a key commercial client, and the facility buildout to consolidate three existing facilities in Irvine, California into one expansive Global Supply Chain Centre in Santa Ana, California.

Importantly, in 2025 the Company formed a strategic partnership with DHL Group, which included DHL's acquisition of CRYOPDP, providing a substantial capital infusion. Over time, the Company believe this relationship will enhance its positioning in the EMEA and APAC regions and strengthen its competitive industry profile. As part of a continuing strategic initiative to embed its market-leading solutions into the CGT ecosystem and improve its growth trajectory, the Company expanded its global partnerships by entering into strategic collaborations with Cardinal Health and Parexel.

Thoma Bravo, the world’s largest technology-focused investment firm, announced that it has entered into a definitive agreement to acquire WWEX Group, a leading third-party logistics (3PL) provider of parcel and freight services with brands including Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.

Following the close of the acquisition, Thoma Bravo will combine WWEX Group with its existing portfolio company Auctane, a leading global technology company empowering businesses with intelligent shipping and fulfillment solutions through trusted products such as ShipStation, Stamps.com, Metapack and Packlink.

Thoma Bravo is acquiring WWEX Group from a consortium of investors including CVC Capital Partners Fund VIII, Providence Equity Partners, Ridgemont Equity Partners and PSG. As part of this transaction, CVC Funds and other existing WWEX Group investors will roll over a portion of their equity in WWEX Group and retain a significant minority position in the combined company.

The combined company will be one of the largest and most diversified logistics and shipping technology platforms. The combination will unite leaders in shipping software and physical freight brokerage to create the most comprehensive, AI-enabled end-to-end logistics solution in the market.

By integrating Auctane’s cloud-based software, global carrier connectivity and intelligent automation capabilities with WWEX Group’s extensive logistics expertise and powerful commercial engine, the combined company will seamlessly connect checkout to doorstep across parcel, LTL, truckload and global shipping. Together, it will deliver extensive scale, unified data visibility, expanded carrier access and AI-driven decision support, empowering businesses of all sizes to optimise costs, navigate margin pressures and scale efficiently across the entire logistics value chain.

The transaction is expected to close in Q2, 2026 and is subject to customary regulatory approvals.

Kirkland & Ellis LLP is serving as legal advisor to Thoma Bravo and Auctane. J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are serving as joint lead financial advisors to WWEX Group. Goldman Sachs & Co. LLC and UBS Investment Bank are also acting as financial advisors to WWEX Group. Latham & Watkins LLP is serving as legal advisor to CVC and WWEX Group.

According to press reports on Reuters, tax authorities in Italy have seized €27.4 million from CEVA Logistics, following investigations into alleged tax fraud and illegal labour practices at two business units. Prosecutors in Milan are accusing CEVA ⁠units of issuing false invoices to mask the use of cheap labour. This bypasses labour and tax laws to avoid tax and social security payments.

Employees at CEVA Logistics Italia and CEVA Ground Logistics Italy are under investigation, as well as the business units themselves, for alleged false tax declarations ⁠during the 2020-2024 period.

CEVA Logistics is cooperating with the authorities. Similar investigations have previously seen action taken against other logistics companies such as FedEx, Amazon and DHL. 37 companies targeted so far ⁠have paid more than €1.0 billion over the past five years and have hired over 54,000 workers.

Global air freight demand, measured in cargo tonne-kilometres (CTK), rose by 5.6% compared to January 2025 levels (+7.2% for international operations). Capacity, measured in available cargo tonne-kilometres (ACTK), increased by 3.6% compared to January 2025 (+5.7% for international operations).

Whilst the overall market made a robust start to 2026, at the regional level, the story is more polarised. Carriers in Africa, Middle East, Asia-Pacific, and Europe all reported faster growth than the global average. In contrast, carriers in the Americas reported aggregate contractions.

The resilience of air cargo will continue to be tested in the coming months. In addition to the long-running uncertainties of evolving US trade policies, the outbreak of hostilities in the Middle East will both weigh heavy on global supply chains.

The global goods trade grew by 4.9% year-on-year in December 2025. Jet fuel prices decreased by 6.5% year-on-year in January. Global manufacturing sentiment strengthened in January, with the global Purchasing Managers’ Index (PMI) rising above the 50-point expansion threshold to 51.8, its highest level in over a year and a half. The PMI for new export orders climbed to 49.9, slightly below the growth threshold but the highest in 10 months, reflecting mixed but cautiously optimistic industrial growth.

Asia-Pacific airlines saw a 7.8% year-on-year growth in air cargo demand in January, maintaining the region’s role as the primary engine of the industry expansion. Capacity increased by 3.3% year-on-year. North American carriers saw a 0.5% year-on-year decline for air cargo demand in January. North America was the only region showing a capacity decrease, slightly declining by 0.2% year-on-year.

European airlines saw a 6.9% year-on-year increase in demand for air cargo in January. Capacity increased 4.9% year-on-year. Middle Eastern carriers saw a 9.3% year-on-year increase in demand for air cargo in January. Capacity increased by 9.9% year-on-year, the strongest rise of all regions.

Latin American and Caribbean carriers saw a 2.0% year-on-year decrease in demand for air cargo in January, the weakest performance of all regions. Meanwhile, capacity increased by 2.3% year-on-year. African airlines saw a 18.2% year-on-year increase in demand for air cargo in January, the strongest growth of all regions. Capacity increased by 6.5% year-on-year.

Air freight volumes in January 2026 increased across most major trade corridors, with the notable exception of the Asia–North America route area.

Africa-Asia
YoY growth: +41.6%
Notes: Seven consecutive months of growth
Market share of industry, based on full-year 2025 CTKs: 1.3%

Asia-North America
YoY growth: -0.6%
Notes: One month of decline
Market share of industry, based on full-year 2025 CTKs: 23.4%

Europe-Asia
YoY growth: +15.2%
Notes: 35 consecutive months of growth
Market share of industry, based on full-year 2025 CTKs: 21.5%

Europe-Middle East
YoY growth: +10.2%
Notes: One month of growth
Market share of industry, based on full-year 2025 CTKs: 5.2%

Europe-North America
YoY growth: +3.8%
Notes: 24 consecutive months of growth
Market share of industry, based on full-year 2025 CTKs: 13.5%

Middle East-Asia
YoY growth: +12.9%
Notes: 11 consecutive months of growth
Market share of industry, based on full-year 2025 CTKs: 7.4%

Within Asia
YoY growth: +14.3%
Notes: 27 consecutive months of growth
Market share of industry, based on full-year 2025 CTKs: 7.3%

Within Europe
YoY growth: +1.0%
Notes: Two consecutive months of growth
Market share of industry, based on full-year 2025 CTKs: 1.9%

Total cargo traffic market share (2025) by region of carriers in terms of CTK is: Asia-Pacific 35.9%, Europe 21.4%, North America 24.5%, Middle East 13.2%, Latin America and Caribbean 2.9%, and Africa 2.1%.

XPO has reported certain preliminary LTL segment operating metrics for February 2026. LTL tonnage per day increased 0.2%, as compared with February 2025, attributable to a year-over-year increase of 3.0% in shipments per day and a decrease of 2.8% in weight per shipment.

The Company noted that actual results for February 2026 may vary from the preliminary results reported above.

Worldwide Flight Services has successfully completed its acquisition of Aviapartner Cargo NV at Brussels Airport. The purchase has now received full regulatory approval and will further enhance WFS’s service portfolio in Brussels with the addition of full freighter ramp handling, towing, and airside transportation capabilities. Over 200 Aviapartner Cargo employees will join WFS under the terms of the agreement.

The acquisition supports WFS’s growing footprint and investment in the Belgian air cargo market.

WFS opened its own operation in Brussels in 1992 and already provides warehouse handling for over 50 airlines at two facilities spanning nearly 30,000 m2. It also has a strong and growing presence in Liège, offering ramp and warehouse handling for 12 airlines as well as Cainiao, a global leader in eCommerce logistics.

Aviapartner has provided cargo handling services at Brussels Airport for 75 years, including the provision of warehousing for freight forwarding companies. As part of the acquisition, WFS will take over Aviapartner Cargo’s 33,000 m2 cargo terminal at the airport, which houses two specialist pharmaceutical handling areas, a Phyto Sanitary inspection point, and dedicated mail and courier handling services. Aviapartner will continue to deliver ground handling services for passenger airlines and executive/private aviation at Brussels Airport.

This development will further strengthen WFS’s Belgium product offering, adding airside capacity as well as enhanced freighter ramp access and cargo transportation capabilities.

Aramex has acquired 100.0% of Hawthorne Logistics Solutions for €2.5 million, buying out individual shareholders Martin Cunningham and Terrance John Allen. The 100.0% equity-financed transaction includes a potential earnout of up to €1.7 million.

Following the completion of the acquisition, Aramex will own all outstanding shares of the Ireland-based freight forwarder.

This acquisition aligns with Aramex’s strategy to expand its cross-border operations and strengthen its freight presence. It is expected to unlock several benefits for both entities, including operational synergies, improved efficiencies, and cross-selling opportunities.

The financial impact of the transaction is expected to appear as part of Q1, 2026 results.

FedEx has announced the integration of near real-time delivery notifications with KakaoTalk in Korea. This enhancement to the FedEx Delivery Manager International (FDMi) solution improves convenience, transparency, and flexibility in the delivery process, allowing e-tailers to offer a more customer-centric experience in the competitive eCommerce landscape.

FDMi is an interactive eCommerce delivery solution that offers customisable delivery options and near real-time alerts. With this solution, e-tailers can allow their customers to choose the preferred time and location of their deliveries that best suit their schedules and even update the delivery address while the shipment is in transit, providing added flexibility at no extra cost.

Through this integration, recipients expecting inbound deliveries receive a KakaoTalk notification from FedEx when their shipment is picked up. FedEx uses a KakaoTalk-verified business account, which helps recipients mitigate online risks, particularly delivery-related scams that impersonate the FedEx brand. In addition, recipients can access curated tracking updates, as well as re-direct options to update shipping information or request quotes.

Evri has announced an extension to its partnership with East of England Co-op and is rolling out the first two Evri-owned drop-box lockers in its stores which are ready to use. Evri currently has a network of more than 11,000+ ParcelShops and Lockers. East of England Co-op already operates a number of ParcelShop locations for Evri, so this new deal builds on the existing partnership by enabling consumers to drop off parcels at a drop-box locker quickly, contact-free, and without queueing or speaking to a person.

Evri has commissioned at least 1,000 new lockers and drop-boxes from supplier, Bloq.it. Unlike Evri’s existing shared locker network, where lockers can be used to drop off parcels for multiple carriers, these lockers are owned and operated exclusively by Evri.

The first two drop-box lockers of this kind will enable consumers to easily drop off parcels they’re sending or returning by scanning their QR code to instantly print a self-adhesive label from the integrated printer.

Evri reached the 2,000-locker milestone before Christmas, as usage accelerates, recording a 343.0% increase since during 2025, as consumers continue to adopt alternative ways to get parcels delivered. In addition, parcel diversions to lockers have increased by around 20.0%, which reflects a clear and sustained shift in consumer behaviour.

The surge in usage underlines Evri’s £50.0 million investment in its expansion plans to double its network within five years. Evri currently has a network of more than 11,000 ParcelShops and lockers and plans to increase the number of locations to 25,000 by 2030.

Locker deliveries can improve choice, convenience and first-time delivery success alongside reducing missed deliveries and 24/7 access. Consumers can currently order directly to a locker through many of the UK’s top retailers, most consumers can divert parcels to a nearby locker if they’re going to be out when they’re expecting a delivery. And soon consumers will be able to add a preference to their Evri account enabling them to direct all parcels to a ParcelShop or Locker of their choice – great for those working nightshifts or those who are regularly out at work.

Gebrüder Weiss is expanding its transport services between China and Georgia. Effective immediately, a truck departs weekly for Tbilisi. The service is designed for companies in the South Caucasus that regularly import products from China, including electronics, consumer goods, and spare parts for machinery and vehicles.

Goods are picked up nationwide across China and consolidated at several Gebrüder Weiss locations, from Shanghai in the east to Urumqi in the west. The shipments are then transported by truck to Khorgos at the Chinese-Kazakh border. From there, the route continues through Kazakhstan, across the Caspian Sea (via ferry), and through Azerbaijan to the Georgian capital. Transit time for the section from Khorgos to Tbilisi is approximately 22 to 25 days.

The Caucasus region has been one of the fastest-growing import markets for Chinese goods in recent years. With this weekly groupage service, the Company is offering customers an additional transport option. Compared to ocean freight, trucking offers shorter transit times, greater flexibility than rail, and significantly lower costs than air freight.

The new service is specifically tailored to smaller shipment volumes. Goods from multiple customers are consolidated in China and transported together, enabling cost-efficient shipping even for smaller consignments.

At the Company’s logistics terminal in Tbilisi, expanded for the third time in 2024, shipments are distributed throughout Georgia and onward to neighbouring Armenia and Azerbaijan, including customs clearance.

With this new connection, Gebrüder Weiss continues to expand its activities along the so-called Middle Corridor, a key trade route linking China and Europe via Central Asia and the Caucasus. The goal is to provide businesses in these growth markets with additional transport options and more diversified supply chains.

In addition to its locations in China and Georgia, Gebrüder Weiss operates branches in Armenia, Kazakhstan, Turkey, and Uzbekistan.

Peli BioThermal, a global provider of temperature-controlled packaging solutions for the life sciences industry, announced a strategic partnership with Polar Group to expand the availability of its reusable and single-use cold chain solutions across Brazil.

Through this collaboration, Polar Group will provide sales and leasing support for Peli BioThermal solutions, giving pharmaceutical, biotechnology and healthcare organisations in Brazil access to proven temperature-controlled packaging backed by in-region expertise.

Brazil represents one of the fastest-growing healthcare and pharmaceutical markets globally. As advanced therapies, biologics and other temperature-sensitive medicines continue to expand, maintaining product integrity during transport has become increasingly critical. The partnership strengthens Peli BioThermal's global network and aligns two organisations focused on protecting high-value therapies across complex supply chains.

Polar Group's capabilities enable customers in Brazil to access Peli BioThermal shipping systems with dependable asset availability, supporting operational consistency while helping organisations meet regulatory and quality expectations.

Peli BioThermal and Polar portfolios support all major temperature ranges used in pharmaceutical distribution and clinical research, including ambient, refrigerated, frozen and deep-frozen conditions. The Company's reusable shippers are used worldwide for commercial medicines, clinical trials and advanced therapies.

The partnership further reinforces Peli BioThermal's ongoing investment in a connected global cold chain infrastructure, helping customers reliably transport sensitive therapies while maintaining regulatory compliance and product integrity.

Through this collaboration, Polar Group will introduce advanced temperature-controlled transport solutions to the Brazilian market, supporting the safe distribution of high-value and thermally sensitive medicines. Together with Polar Group's established portfolio, spanning from single-use packaging to advanced temperature-controlled systems, these solutions raise the standard for pharmaceutical transport nationwide and expand the Company's offering.

This marks an important development for the Brazilian market, providing access to internationally proven cold-chain technologies. Crēdo shippers are designed to meet stringent international safety and quality standards and are widely used in regulated pharmaceutical supply chains across the US and Europe.

Polar Group is recognised as one of the world's leading suppliers and the market leader in Latin America.

As eCommerce volumes continue to grow, GOFO has entered into a strategic partnership with QLS, a leading Dutch fulfilment and logistics specialist. The collaboration strengthens end-to-end eCommerce logistics for more than 3,000 webshops across the Netherlands and beyond.

GOFO has accelerated its expansion in the Netherlands by establishing two new delivery centres in Boxtel and Rotterdam in Q3, 2025, in addition to its existing sorting centre in Amsterdam. QLS, a family-owned company with over 1,000 employees, operates state-of-the-art fulfilment centres covering 20,000 m2 in Dordrecht and Alblasserdam, and has recently expanded internationally through the acquisitions of ShopWeDo in Belgium and J&J Global Fulfilment in the UK.

By integrating GOFO into its carrier network, QLS can offer clients greater flexibility, improved delivery reliability, scalable solutions, and more competitive last-mile pricing. QLS's clients gain access to GOFO's eCommerce–focused delivery services via seamless API integration. Features such as real-time track-and-trace and photo-based Proof of Delivery (PoD) help reduce delivery disputes, improve transparency, and enhance the end-customer experience.

Together, GOFO and QLS provide a unified logistics solution that supports retailers from the moment an order is picked in the warehouse to the final delivery at the consumer's doorstep, helping eCommerce brands grow confidently in an increasingly competitive market.

Barrett Distribution Centers announced a new partnership with about-face, a New York City, US-based skincare and cosmetics brand founded by singer and makeup artist Halsey. about-face is now live at one off Barrett's Memphis, Tenn., fulfilment facilities in Hickory Hill, where Barrett provides direct-to-consumer and business-to-business fulfilment services, including retail compliance, returns management and managed transportation services. The centrally located Memphis facility supports about-face's growing national retail distribution while maintaining fast, reliable delivery for direct-to-consumer orders.

Barrett came highly recommended by about-face CEO, Francesca Raminella, who previously served as CEO of Beauty By Imagination. Beauty By Imagination is a long-term partner of Barrett, and their experience in the beauty industry, retail compliance and omnichannel fulfilment gives about-face confidence as it scales.

Founded on the belief that no one is just one thing, about-face creates multidimensional makeup for everyone, with a broad skincare and cosmetics line designed to support creative expression across channels.

Barrett's Memphis campus is part of a broader network supporting high-growth eCommerce brands nationwide.

Tayto Snacks has signed a multi-million euro warehousing and distribution agreement with the Primeline Group. The new ten-year agreement builds on a long-standing partnership between the two companies.

Under the terms of the contract, tens of thousands of boxes of Tayto, Hunky Dorys, King, O’Donnells, Hula Hoops, Popchips, Pom-Bear, KP Nuts, Penn State and McCoy’s products will move through Primeline’s state-of-the-art warehousing and national distribution network each week, reaching more than 2,000 retail locations across Ireland.

Primeline has consistently delivered high standards of service and reliability. Renewing this partnership for a further ten years ensures Tayto can continue to meet demand across Ireland and keep its products available to consumers nationwide.

Primeline first began working with Tayto Snacks in 2015 and has steadily expanded its services for the Company since then.

For Primeline, the new agreement marks another major milestone in the Company’s growth. This is a significant vote of confidence in Primeline’s capability and people. Tayto is one of Ireland’s most recognisable household brands.

A cooperation of major significance is starting in the Hungarian automotive industry. The first rail trainset transporting finished vehicles has departed from BMW’s Debrecen plant, with operations managed by PSP Rail, Waberer’s rail logistics subsidiary.

By prioritising rail over road, the operation is expected to replace a substantial number of truck movements and materially reduce the environmental footprint of outbound logistics.

Under the contract running until 2031 and expected to generate several tens of millions of euros in revenue, the Group will provide regular finished-vehicle rail transport to European seaports, from where the cars will continue to numerous markets worldwide – including the US and China among key export destinations.

In the first phase of the operation, starting in March, PSP Rail will carry out high-volume finished-vehicle rail transport for The BMW Group. The project is designed for a step-by-step ramp-up: from 2027, rail service will be further expanded, while the served relations will cover several strategic European maritime terminals.

Waberer’s is proud that The BMW Group selected it as its strategic partner for this high-profile logistics project. This mandate is not only a recognition of Waberer’s Group’s rail logistics capabilities, but also an international success for the Hungarian logistics sector.

The project fits perfectly into the 3PL’s long-term strategy, where the growth of environmentally friendly, intermodal solutions is a key pillar. By prioritising rail over road transport, it can significantly reduce the environmental footprint of transport.

Waberer’s Group is delivering this complex logistics assignment with a state-of-the-art technological backbone. PSP Rail is responsible for day-to-day rail operations, and the Group has implemented significant capacity expansion for the project.

110 newly developed and manufactured rail wagons optimised specifically for vehicle transport have entered service, equipped with the latest safety and securing technologies. Transport is supported by the most modern Siemens Vectron electric locomotives, ensuring efficiency and low emissions across the entire European route.

The project is of outstanding importance from a sustainability perspective and is fully aligned with the principles of the European Green Deal, which promotes shifting transport volumes from road to rail. Serving the output of BMW’s Debrecen plant by rail replaces several thousand truck journeys annually, significantly reducing CO2 emissions as well as environmental impacts and the load on road infrastructure.

The predominance of electric traction on European routes further strengthens the project’s ESG profile, demonstrating the parties’ commitment to climate-neutral logistics.

The tender awarded in 2024 is the result of nearly one and a half years of preparation, preceded by intensive planning, procurement and infrastructure development. The complexity and strategic relevance of the contract required significant capacity expansion and organisational strengthening within the rail logistics business.

Winning the new mandate reinforces Waberer’s position among Central Europe’s leading logistics service providers and confirms the strategic soundness of the Group’s investments into rail logistics. The project provides tangible evidence that the focused development of Waberer’s rail capacities and its commitment to intermodal solutions have been well-founded, creating a strong platform for further expansion of rail logistics across industry segments – from automotive to construction.

Joseph Joseph, the design-led British brand known for innovative kitchenware and home organisation products, is extending its partnership with XPO Logistics, to handle its global forwarding from China to XPO Logistics’ warehouse in Rugby, Warwickshire, UK.

XPO Logistics has already been working with Joseph Joseph for six months as it augments its logistics strategy to scale its UK and international operations across direct-to-consumer (D2C), business-to-business (B2B), retail, and eCommerce channels. Extending this contract to now include global forwarding means XPO Logistics will manage Joseph Joseph’s orders, supplier profiles, the logistics of moving freight from China to the UK, and the end delivery to the e-fulfilment hub in Rugby, UK. XPO Logistics will manage the entire supply chain, from source to end-customer delivery.

The beauty of XPO Logistics’ proprietary technology is that it gives Joseph Joseph true end-to-end visibility from order creation through delivery to the end customer. The portal connects every milestone in real time: orders, purchase orders, container movements, customs milestones, arrivals, and final distribution.
 
Behind the scenes, AI-driven automation accelerates the customs clearance process by validating data, flagging discrepancies, and streamlining documentation long before the shipment reaches the border. This reduces delays, improves accuracy, and ensures shipments flow through customs faster and more predictably.

At every origin and destination, dedicated XPO Logistics experts provide deep local logistics knowledge while leveraging the same technology platform. This combination of people and technology ensures stock is always in the right place, at the right time, at the right cost, with full transparency at every stage of the supply chain.

Subaru Corporation has begun a collaboration with Seino Transportation to enhance the efficiency of long-distance transportation of automotive parts in response to challenges facing Japan’s logistics sector, such as truck driver shortages and transport capacity constraints.

As the first step in this collaboration, the companies have implemented long-distance consolidated freight transport for the transportation of automotive parts used in electric vehicles manufactured at Subaru’s Gunma Yajima Plant, where production of those vehicles has just launched in February 2026.

By consolidating shipments of these automotive parts from suppliers in the Chukyo region at Seino Transportation’s Toyokawa Branch in Aichi Prefecture and leveraging its nationwide logistics network, the initiative improves truck loading efficiency and streamlines long-distance transportation.

Vulcan Two Group, the Company aiming to create the UK's leading regulated ePharmacy through buy-and-build, has entered into a long-term lease agreement for a new 2,044 m2 distribution centre in Leeds, UK.

The lease agreement follows the announcement on 26 February 2026 that the Group has conditionally raised £40.0 million through an institutional placing to acquire three companies in the ePharmacy sector.

The Directors believe that establishing a central warehouse facility will enable the Group to reduce warehousing and logistical costs, rationalise and simplify processes, improve carrier terms and significantly enhance service and delivery times. The Directors see this as a key pillar in the creation of a scalable platform that can support the Group's growth going forward.

Under the terms of the lease, the Group will pay rent of approximately £68,000 for the first eight months of the lease and rent of approximately £200,000 per annum thereafter. The lease agreement is for a term of ten years, with a rent review and a break at the option of the Group after five years.

Situated in Leeds and well connected to the M62 and M1, the centre creates the perfect platform for the efficient delivery of medications around the country.

Rhenus Group has officially opened a new warehouse in Philippines’ Paranaque, Metro Manila. This marks the Company’s effort to expand its presence as a leading logistics player in the Philippines, with plans to add more warehousing space in the near future.

The warehouse is strategically located in NCR closer to major business districts and offers excellent access to major transport routes via direct access from SLEX Sucat. The brand new 7,320 m2 multi-user warehouse facility features very high ceiling of around 20m, with full insulation. It has the highest level of structural integrity and meets very high safety and security standards. Some of the features include Optical Beam Smoke Detectors, Sprinklers, mechanical cross ventilation system, fully enclosed gated compound, 24x7 security guards, full CCTV coverage with 60 days video retention, intruder alarm system, etc.

With a focus on sustainability, the warehouse utilises LED lighting, solar panel provision, and a skylight to harness natural light, in an effort to reduce its carbon footprint. The warehouse is in the process of obtaining ISO certifications in Quality Management Systems (QMS), Environmental Management Systems (EMS), and Occupational Health and Safety (OH&S) Management Systems.

The new warehouse expands the footprint of seven existing facilities across Manila, Cagayan de Oro, and Davao, strengthening nationwide coverage and smooth integration with global supply chains.

The freight and logistics market size in the Philippines is estimated at US$16.20 billion in 2026 and is expected to reach US$21.60 billion by 2031.

Rhenus Philippines is moving forward with a plan to continue to invest in modern and state-of-the-art facilities. This allows it to expand its footprint and product portfolio to serve customers’ requirements with the highest level of efficiency, safety, security, and compliance.

Rhenus Philippines has strong expertise in chemical warehousing, consumer goods, machinery and industrial logistics. Together with its freight forwarding entity, it offers a wide range of comprehensive services to customers, including warehousing and distribution solutions, domestic inter-island shipping, customs brokerage, project logistics, as well as air, ocean, and road freight.

Bulk Cargo – Port Szczecin, the largest operator in the port of Szczecin, is implementing a comprehensive investment project of strategic importance for the future development of the terminal in Szczecin.

The investment programme includes the modernisation and development of the port's superstructure, including the purchase of a new crane, the modernisation of the mobile equipment fleet and the warehouse expansion.

The Rhenus Group, the majority shareholder of Bulk Cargo, is implementing the announced investments in port superstructure, equipment and technologies as announced at the time of the takeover.

Bulk Cargo is the largest operator in the port of Szczecin, handling approximately four million tonnes of cargo annually. The Company's services include the transhipment of bulk and general cargo using specialised equipment, storage, transhipment and port forwarding by inland waterways, road and rail.

The investment project is a key element of Bulk Cargo's development strategy, which focuses on optimising cargo structure, improving service quality and increasing the terminal's long-term competitiveness. The investment programme responds to market needs and includes both the modernisation of key infrastructure and the expansion of storage space.

The largest element of the modernisation programme is the purchase of a new crane manufactured by ARDELT with a lifting capacity of up to 65 tonnes, which will replace two obsolete devices that no longer meet modern operating standards. This investment is an important step in the process of modernising the quay and adapting it to handle larger ships and heavier cargoes. Replacing the most worn-out handling equipment and purchasing modern mobile machinery, including a heavy forklift, a mobile crane and three tractor units, is another element of the planned improvements.

Bulk Cargo's investments also include the construction of two new warehouses with a total area of 11,400 m2, which will increase the terminal's total storage capacity by 27.0%. The new facilities have been designed for the storage of general cargo, in particular products requiring flexible and secure storage solutions.

Over the past decades, the port of Szczecin has undergone a significant transformation. Formerly known for transhipping coal and ore for Polish mines, steelworks and coking plants, today it is a multifunctional port specialising in handling general cargo, containers and bulk cargo, becoming an important transhipment hub on the map of Europe.

P3 has successfully leased approximately 32,378 m2 of logistics space in Siegenburg, Germany, to Müller – Die lila Logistik Deutschland GmbH. The lease agreement has a term of three years, with 01 March 2026 set as the official lease commencement date.

The modern logistics property in Siegenburg stands out due to its strategic location between the economic centres of Munich, Regensburg, and Ingolstadt, as well as its immediate proximity to the A93 motorway (less than 1.0 km away). The site offers ideal conditions for efficient logistics processes and serves both regional and supra-regional distribution and supply chains.

Müller – Die lila Logistik Deutschland GmbH, an established provider of logistics services, will use the space for third-party logistics (3PL) services. The Company is leveraging the property’s modern specifications and excellent transport connections to provide tailored logistics solutions to its customers.

The logistics property in Siegenburg features a clear height of 12 meters, 27 dock levellers, and four ground-level doors, and is equipped with state-of-the-art technology. Special sustainability features such as photovoltaic systems, electric charging stations for vehicles and bicycles, and intelligent water management systems underline the property’s future-oriented approach. The site is located just 65 kilometres from Munich Airport and offers direct access to the A93 motorway.

CBRE advised on the transaction and played a key role in successfully facilitating the deal.

Thermo Fisher Scientific has announced a significant investment in the expansion of its operations in Ireland. The Company has formally opened a 6,503 m2 distribution centre in Bracetown, County Meath, Unit 1A, The Hub Logistics Park.

The Company is responding more efficiently to the needs of customers, partnering with them to improve the quality, speed, and reliability of their supply chains. The products moving through this facility support research, development, and manufacturing that lead to therapies reaching patients around the world.

An on-site solar system is expected to generate approximately 120,000 kWh of electricity annually. A high-efficiency heat pump enables the site to operate on 100.0% renewable energy. The facility has achieved an A2 Building Energy Rating (BER) reflecting its strong energy performance.

With the opening of the facility, Fisher Scientific, the trusted distribution brand of Thermo Fisher Scientific, is significantly expanding its ability to support Ireland’s fast-growing biopharma and life sciences community. For customers, this means:

> +400% increase in local distribution capacity
> Enhanced chemical storage and advanced cold chain capabilities
> Broader product availability across critical workflows
> Greater supply chain resilience
> Faster, more dependable service

However, the impact extends beyond infrastructure and operational scale. By strengthening supply chain capability in Ireland, the Company is reinforcing the foundation that enables scientific discovery, biopharmaceutical manufacturing, and the consistent delivery of vital therapies and vaccines.

H&M Logistics has announced that it plans to close a distribution centre in Ghlin, near Mons, Belgium. The retailer is aiming to improve product availability and optimise stock management.

Its Southern Europe region, which includes Belgium, Luxembourg, Spain, France, Italy, and Portugal, has significant overcapacity. Internal analysis shows that the current logistics network in Southern Europe has become too extensive.

The decision to close the facility could see up to 440 job losses. The activities currently performed in Ghlin are to be consolidated into two logistics centres located in Torrejón, Spain, and Casalpusterlengo, Italy.

The move reflects the challenges facing the fashion industry, including increased digitisation, changes in customer behaviour, and growing demand for multi-channel services.

Panattoni will deliver the Nagel-Group BTS project in Poznań – a tailor-made facility for one of Europe’s leading food logistics companies. As part of Panattoni Park Poznań East III, 46,000 m2 of modern warehouse and office space will be developed, with the investment set to become Nagel-Group’s key facility in Poland.

At the new location, Nagel-Group will consolidate four existing warehouses currently operating in the Poznań agglomeration and relocate its headquarters, creating the most important operational hub within its national structure.

The consolidation of four existing branches into a state-of-the-art, optimally connected logistics property increases efficiency, strengthens operational performance and at the same time offers attractive working conditions for employees.

The facility will be delivered in line with the tenant’s individual requirements. Each warehouse zone will be equipped with a precise temperature control system – ranging from 2–4C in cold storage areas to 16–18C in the remaining operational zones.

The development will include an extensive 11,000 m2 cross-dock area with 66 loading docks, as well as a three-storey office building. The park will also feature numerous infrastructure amenities, including 300 parking spaces for passenger cars and 120 spaces for heavy goods vehicles. Its location by the A2 motorway will additionally ensure excellent visibility of the facility.

The project will be complemented by environmentally friendly solutions, including a biological wastewater treatment plant and heating based on heat recovery from the refrigeration system. The design also incorporates elements supporting employee wellbeing, such as a recreational area with a football pitch. The investment will be certified under BREEAM at the Excellent level, confirming compliance with the highest standards of sustainable construction. Construction works are scheduled to commence in Q1, 2026.

The Poznań warehouse market has, for years, remained one of the strongest in Poland. Access to a skilled workforce and excellent infrastructure make Greater Poland a strategic point on Europe’s logistics map. Panattoni has already delivered nearly 2.0 million m2 of modern space in the region and continues to consistently develop further projects responding to the needs of global investors.

EVRi has invested in a new logistics facility in Ireland, agreeing a long-term lease with Palm Logistics. The parcel delivery company will pay a headline rent of €13.25 per sq ft for its newly upgraded logistics centre, Unit D1, at Airport Business Park, Dublin.

DHL Supply Chain is expanding its capacities in the Rhineland economic region by building a new, carbon neutral logistics centre at the Wolbersacker industrial park in Rheinbach. On an area totalling 26,600 m2, modern warehousing and transshipment space is being created to meet rising demand in the region for high-performance logistics solutions. The site is scheduled to go on stream in August 2026.

The 3PL is reacting to the growing demand for flexible and efficient logistics space and making a targeted investment in the performance capability of the Rhineland economic region.

Companies need flexible, scalable logistics space that enables growth while at the same time offering short routes to the most important domestic and European markets. That is exactly what the Rheinbach site is designed for. The site makes customers' supply chains less susceptible to disruptions while creating the conditions for efficient and climate-friendly logistics that are increasingly becoming a competitive factor.

The new DHL facility is being built according to the "Gold Standard" of the German Sustainable Building Council (DGNB) and is equipped with state-of-the-art energy and building technology, including a 1.0 MWp photovoltaic system, a 229 kW battery storage system, efficient heat pumps and energy-optimised LED lighting.

Furthermore, the facility space has been designed using a modular approach, and can be used for conventional warehouse processes, eCommerce fulfilment or automated solutions depending on customer needs. DHL is thus creating additional capacities for companies from a wide variety of industries and helping to make their logistics more flexible and scalable while reducing emissions - key considerations for modern, future-oriented supply chains.

For years, DHL has seen high demand in the region for modern logistics space. Rheinbach closes an important gap in the market. The direct connection to the A61 motorway and close proximity to Cologne/Bonn and Dusseldorf airports considerably reduce transport times for customers and thus bring their product inventories closer to key European sales markets. Due to its proximity to DHL's networks and Duisburg harbour, furthermore, the site is integrated into key transport corridors, an advantage for companies focusing on short delivery times and rapid, flexible order processing.

Panattoni have signed a new agreement with Sportano, one of the fastest growing Polish eCommerce platforms in the sports segment. The agreement covers the extension of the existing lease and the tenant's expansion by an additional 14,846 m2, giving a total of 27,300 m2 at Panattoni Park Zielona Góra II. As a result, Sportano has taken up all the available space in the building and the commercialisation of the park is complete.

Sportano is a sports shop offering a wide range of equipment, clothing and accessories for various sports. The Company sells its products in several European countries via its own eCommerce platform, as well as through external marketplace platforms and a brick-and-mortar shop in Warsaw. Since the beginning of its operations in 2021, Sportano's logistics base has been a modern warehouse in the Panattoni park in Zielona Góra. The current turnover is already PLN0.5 billion with 2.0 million orders per year, but due to its growth, the Company has decided to double its leased space.

Sportano’s business is growing at a rate of 20.0%-30.0% per year, but customer demands are growing just as fast, especially in terms of product availability and order fulfilment times. The decision to significantly increase space at Panattoni Park Zielona Góra II is part of a long-term growth strategy. Further development – both in Poland and in foreign markets – requires stable, modern logistics infrastructure and a partner who understands the pace of eCommerce development. This project gives it real space to further scale operations and implement further stages of automation.

One of Sportano's key competitive advantages is its advanced logistics automation. The centre in Zielona Góra is equipped with, among other things, over 100 goods-to-person mobile robots, Pick to Light and Put to Light systems, and an automatic shipping sorter serving multiple carriers. The new space will enable the implementation of the next stage of automation, including high-bay racking and very narrow aisles served by man-up trucks, which will maximise the use of the hall's volume and further increase operational efficiency.

Experts from the Colliers consulting company advised on the lease agreement process.

The investment is located in the immediate vicinity of the Lubuski Industrial and Technological Park, which provides convenient conditions for logistics and industrial activities. The proximity of provincial road No. 282 and the S3 expressway junction (approx. 3 km) guarantees efficient connections to key markets in Poland and abroad, and an additional advantage of the location is access to railway infrastructure, which is important both from an operational point of view and for the comfort of employees.

CTP has announced that Fabi Total Grup, a Romanian company specialised in the production of cleaning agents and the storage of professional cleaning products, has leased approximately 4,700 m2 at CTPark Bucharest South, located in Popești-Leordeni, in southern Bucharest.

The Company’s new facility, part of a newly built 54,000 m2 warehouse, includes both production and distribution areas to support Fabi Total Grup’s integrated business model, which combines detergent manufacturing with logistics and distribution operations and professional cleaning services. The Company has already taken over the space and is currently in the process of relocating its operations to the new location.

Fabi Total Grup selected CTPark Bucharest South based on the short delivery timeframe, the strategic positioning of the park, and confidence in CTP’s development and operational capabilities.

CTPark Bucharest South is a modern industrial park designed to accommodate logistics, distribution, and light industrial operations. Developed in line with CTP’s standard technical specifications, the park offers flexible layouts, modern infrastructure, and energy-efficient solutions, supporting a wide range of client requirements. With strong visibility and direct access to the Bucharest ring road (AO), the location ensures efficient connectivity to Bucharest and the main national transport corridors, enabling fast and predictable logistics operations.

CTPark Bucharest South continues to attract a diverse client mix, including companies active in logistics, manufacturing, and distribution, reinforcing its position as a key industrial and logistics hub in southern Bucharest. The addition of Fabi Total Grup further strengthens this profile, highlighting the park’s suitability for businesses that combine production with storage and distribution activities.

SEGRO has signed a lease agreement with global online retailer Amazon to build a regional logistics centre at SEGRO Park Dortmund. The 86,400 m2 logistics centre, which was pre-let at the end of 2025, is intended to support Amazon's expansion in Germany and, with the help of modern robotics technology, serve as a location for small and medium-sized goods in the densely populated region of North Rhine-Westphalia. Construction is expected to begin in spring 2026, with completion planned for mid-2027.

SEGRO Park Dortmund is being built on the 60-hectare site of a former coal-fired power station between Dortmund and Castrop-Rauxel. It has excellent transport links and is only a three-minute drive from the Castrop-Rauxel-Ost motorway junction (A42 and A45). Once completed, the site will offer more than 200,000 m2 of storage space. It will comprise large-scale logistics, urban logistics and light industrial space, with units ranging from 8,000 to over 85,000 m2.

SEGRO Park Dortmund is being built to the highest sustainability standards and offers customers state-of-the-art, energy-efficient space for their activities. The roof areas will be greened throughout and equipped with photovoltaic systems with a total output of over 10 MW. The well-being of employees is also being given special consideration in the planning to make it easier for future users to attract and retain staff. This includes, among other things, recreation areas and rest areas for truck drivers.

The commercial law firm GÖRG advised SEGRO on the lease agreement and property, while Ecovis acted as tax advisor. K&L Gates advised Amazon on the lease agreement. Goldbeck is the general contractor for the construction work.

Armlogi Holding announced the launch of its AI-enabled Smart Fulfillment Network, a proprietary system designed to dynamically optimise order routing across the Company’s multi-state warehouse network with the goal to reduce average shipping costs and improve overall delivery efficiency.

The Smart Fulfillment Network leverages artificial intelligence algorithms that analyse multiple real-time variables, including customer delivery addresses, carrier shipping zones, warehouse-level inventory availability, negotiated carrier rates, and real-time facility throughput capacity, to select the optimal fulfilment node for each order automatically. The system is designed to lower the average shipping zone per order and reduce per-unit freight costs across the Company’s multi-state network.

As eCommerce grows and customers demand faster delivery, third-party logistics companies are increasingly adopting advanced automation and AI-enabled tools to optimise their fulfilment processes to stay competitive. Armlogi believes this system improvement is a major step toward turning its logistics network into a smart, distributed platform. Armlogi aims to achieve structural cost savings that benefit both the Company and its merchant clients by integrating AI-driven decision-making into its growing physical footprint.

Armlogi has a network of 10 warehouses totalling around 362,322 m2 across California, Texas, Illinois, New Jersey, and Georgia, US. It has more than 600 active customers, most of whom are cross-border eCommerce merchants that fulfil orders for US consumers. The Smart Fulfillment Network is designed to operate alongside this physical infrastructure by adding an intelligent software layer that continuously monitors and routes orders to improve cost efficiency and reduce transit distance where possible.

Yusen Logistics (Americas) Inc., the US group of Yusen Logistics, and Rabot Inc., the Vision AI platform transforming manual pack stations into intelligent, data-rich workcells, announced an exclusive, strategic multi-year commercial partnership to advance packing accuracy, productivity, and compliance across Yusen Logistics’ Contract Logistics Operations.

This joint initiative brings together Yusen Logistics’ deep expertise in contract logistics and fulfilment with Rabot’s real-time, AI-powered operational intelligence to address three critical challenges facing modern distribution centres: improving order packing accuracy, increasing packing productivity, and ensuring packer compliance with customer-specific standard operating procedures (SOPs).

Together, the companies aim to elevate fulfilment quality, reduce operational waste, and streamline packing workflows at scale.

The partnership with Rabot reflects Yusen Logistics’ continued focus on innovation and operational excellence for customers. Rabot’s Vision AI platform provides actionable, data-driven insights that help Yusen improve pack accuracy, enhance productivity, and better support its frontline teams, while consistently meeting customers’ demanding SOP and quality requirements.

Rabot’s Vision AI solution integrates seamlessly into manual pack stations, enabling:

> Real-time quality assurance – Immediate detection of packing errors and SOP compliance deviations
> Productivity insights – Automated measurement of pack rates and identification of operational bottlenecks
> Standardisation support – AI-driven guidance aligned to customer-specific packing requirements

Together, these capabilities transform traditional packing stations into intelligent, data-rich workcells, balancing automation with human expertise to deliver measurable efficiency and quality gains.

The partnership will launch with an accelerated deployment across Yusen Logistics’ US operations and potentially followed by a phased global rollout as applicable. Rabot’s technology will serve as a key enabler within Yusen Logistics’ broader digital transformation strategy, supporting long-term goals around fulfilment quality, operational resilience, and scalable innovation.

Reindeer, an enterprise automation platform for complex workflows, announced a partnership with Hellmann Worldwide Logistics, one of the largest international logistics providers, to drive enterprise-wide AI transformation.

The future of logistics will be defined by how effectively companies support their customers in an increasingly complex environment. Artificial intelligence is a key lever in making processes more transparent, resilient, and flexible.

Hellmann Worldwide Logistics’ ambition is to deploy technological innovation in a way that integrates seamlessly into existing operations and enables customers to act with greater speed, reliability, and adaptability.

The logistics industry faces mounting pressure to adopt AI, but most enterprises struggle to move beyond pilots. Implementations fail when they hit the often highly complex reality of strictly documented processes, inconsistent data formats, and constant exceptions. Hellmann chose Reindeer because the platform is built specifically for these conditions, capturing institutional knowledge and learning continuously from human expertise.

The first workflow addressed Hellmann's quoting process, where requests arrived in every format imaginable, from spreadsheets to PDFs to photos of handwritten notes. For the pricing team, this was a very complex and time-consuming process.

Reindeer built an Outlook plugin that automatically extracts shipment details from emails and attachments, flags missing information, and tracks requests through completion. The system was trained on just 20 sample requests and moved into production within weeks. When the AI encounters uncertainty, it escalates to human experts rather than guessing, and learns from every correction.

Quote turnaround has been significantly reduced, and the pricing team now has more capacity for other tasks, such as consulting with customers.

Enterprise AI transformation has almost become meaningless. Every company knows they need it, but most aren't sure how to define it. What it actually means is building an organisation where humans and AI learn together in production, where the system gets smarter from the expertise people already have, and where the start is one workflow and expand from there.

Hellmann understood that from the beginning, and they knew the solution wouldn't be another tool that claimed to work perfectly out of the box. They brought their pricing team's expertise into the loop and built something with Reindeer that compounds over time.

The partnership positions Hellmann to scale AI across additional workflows as the Company continues its digital transformation.

cargo.one has acquired Cargofive, the ocean rate management and quoting platform trusted by hundreds of forwarders globally. This adds direct connections to leading ocean carriers and scalable ocean rate data, SPOT, FAK, NAC, and contract rates across millions of trade lanes, to its existing air freight foundation.

cargo.one believes that Cargofive is a great fit because they solved the ocean rate problem the same way it solved the air rate problem: by building real infrastructure, not shortcuts.

Forwarders are asking for integrated air and ocean solutions that eliminate data silos. Unifying air and ocean rate data isn't just about having a broader database. It's the infrastructure that supports a fundamentally better way of operating.

Data and AI are inseparable, quality data is the foundation for quality AI. When AI workflows operate using the same reliable data people use daily, companies can confidently deploy automation and focus on delivering the best customer experiences.

Freight forwarders have invested heavily in technology over the past decade, but fragmented systems and unreliable data have made it difficult to move net margins beyond 3–8.0% or see a return on those investments.

cargo.one has spent a decade working alongside freight forwarders and carriers, building integrations, understanding rate structures, learning the operational nuances. It built the data foundation first, then built the AI directly into it. Not bolt-on tools calling out to external data sources. Not a separate system to maintain. Not AI that gives customers different answers than your own team would. An AI-native operating system for logistics. Because models expire, but infrastructure compounds.

Stefan Borggreve, Member of the Management Board at Hellmann Worldwide Logistics, captures it well: "Data and AI are inseparable, quality data is the foundation for quality AI. cargo.one has built a comprehensive operating system that our teams trust. When AI workflows operate using the same reliable data our people use daily, we can confidently deploy automation and focus on delivering the best customer experiences."

To accelerate this work, the Company raised around US$20.0 million from investors led by Bessemer Venture Partners.

cargo.one's AI workflows operate in the same workspace as customers’ people, on the same data, under their control. The AI handles the repetitive work; the customers’ team handles the work that requires judgment. One platform, one source of truth. Everything syncs back to the customers’ TMS through integrations with all major TMS, including those of WiseTech and Descartes. Data stays isolated, every AI decision is logged and auditable, and all infrastructure is GDPR-compliant and aligned with ISO 27001 controls.

Prologis and DHL have replaced the gas-fired heating system at DHL’s warehouse in Prologis Park Dąbrowa Górnicza with a fully electric heat pump installation. The upgrade ends the use of on-site fossil fuel heating at the approximately 25,000 m2 facility, which DHL has occupied since 2004.

The warehouse had previously relied on gas heating, generating around 186 tonnes of CO2 each year. By switching to a fully electric system, with the capacity of 715 kW, the site reduces its operational emissions and aligns with DHL’s wider approach to lowering carbon emissions from buildings through the use of energy-efficient, fossil-free technologies.

Separately from its carbon impact, the new heat pump installation also improves day-to-day building performance. The system provides both heating and cooling from a single installation, allowing internal temperatures to be managed more consistently across seasons, including during summer heatwaves. A central control system manages the heating and cooling operation across the warehouse, allowing output to be adjusted in line with operational demand.

The heat pump project is being delivered as part of the Prologis Essentials platform, which provides customers with a range of services to adapt their warehouses to their specific needs. These services range from solutions like racking and mezzanine installation to energy-efficiency solutions, such as supporting the transition to heat-pump systems. The program leverages Prologis’ global purchasing power, enabling partners to access high-quality equipment under favourable terms.

Prologis managed the heat pump design, procurement and installation in coordination with DHL, applying its project management capability and technical expertise to plan and deliver the upgrade within a live logistics operation.

The Dąbrowa Górnicza project marks the early stages of a broader shift across Polish logistics real estate, where heat pumps are beginning to be adopted in both new and existing buildings. Fully electric heating systems are increasingly being specified in new warehouses, while retrofit projects are starting to emerge as owners and occupiers look to reduce reliance on gas and adapt assets to evolving energy and regulatory requirements.

Across Spain's diverse landscapes – from Navarra's plains to Murcia's agricultural regions – two Lineage facilities now operate with newly installed solar technology. The photovoltaic systems at Milagro and Las Torres de Cotillas converting sunlight into electricity that powers refrigeration systems maintaining precise temperatures for stored products. These installations demonstrate how established cold storage operations can integrate renewable energy infrastructure to address both operational efficiency and environmental considerations.

Over the past months, Lineage has been working with renewable energy specialists GreenYellow and Grupo Enhol to install solar panels at facilities in:

> Milagro (Navarra)
> Las Torres de Cotillas (Murcia)

The numbers tell the story: with a combined capacity of 7 MWp, these systems are expected to generate about 9.1 gigawatt-hours of electricity each year. That translates to approximately 1,500 tonnes less CO2 annually – real, measurable impact.

By generating its own electricity, Lineage is:

> Reducing dependency on external power sources
> Building more resilient facilities
> Meeting evolving European regulatory requirements

These three installations represent important progress in Lineage’s emission reduction efforts. The additional 7 MWp of solar capacity now operational across its Spanish facilities demonstrates what can be achieved when operational needs, regulatory requirements and technical solutions align.

The figures shared are estimates based on current data. Actual results may vary due to operational, technical or regulatory factors. For detailed information about renewable energy projects and compliance requirements, Lineage recommend consulting with qualified professionals.

At the beginning of 2023, DACHSER announced its plan to double the number of its urban zero-emission delivery areas in Europe over a three-year period. The logistics provider realised this goal by the end of 2025. In 25 major European cities and metropolitan regions in ten countries, DACHSER has specified downtown areas in which it delivers non-refrigerated groupage shipments with zero local emissions. The company has thus implemented a further component of its long-term climate strategy.

By the end of 2025, DACHSER will have achieved its goal of establishing defined inner-city areas in 25 major European cities and metropolitan regions where uncooled LTL shipments are delivered locally with zero emissions.

A combination of battery-electric trucks, electrically assisted cargo bikes, and microhubs near city centres allows DACHSER to make deliveries with zero local emissions. The Company currently operates 60 electric vehicles and 13 cargo bikes in the 25 cities. In 2025, those vehicles covered around 1.8 million kilometres without emitting greenhouse gases, that’s an average of around 7,000 kilometres per day. This meant the Company saved some 1,000 metric tons of CO2e in 2025. The savings potential of electric vehicles depends on the electricity mix that powers them. Using green electricity, the savings in this case amount to 1,544.75 metric tons of CO2e (well-to-wheel). Calculated using Germany’s domestic electricity mix, the figure is 986.06 metric tons of CO2e.

DACHSER Emission-Free Delivery was developed at the Kornwestheim branch and debuted in the city of Stuttgart in 2018. By the beginning of 2023, when DACHSER launched “Mission Doubling,” it had already established twelve DACHSER Emission-Free Delivery areas. The basis for the expansion to ultimately 25 cities, one more than originally planned, was a modular principle that the individual branches apply based on local conditions. Numerous employee suggestions solicited through a global ideas campaign on climate action were incorporated into the development of the modular toolbox.

With its zero-emission city delivery concept, DACHSER plays a valuable role in improving air quality in heavily polluted urban areas, as e-trucks and cargo bikes don’t emit any greenhouse gases locally. What’s more, the drivers enjoy better working conditions, since battery-electric vehicles don’t cause engine vibrations and are generally quieter and more pleasant to drive. The response from customers, local authorities, and residents has been positive as well.

In addition, DACHSER Emission-Free Delivery has laid a solid foundation for responding to the expected increase in bans on conventional vehicles in European cities. DACHSER comprehensively monitors what vehicles are used within the defined emission-free delivery zones and documents all unplanned deviations (of which there are very few overall). The reliability rate achieved for emission-free deliveries across all cities in 2025 was 95.0%.

Implementation in the 25 cities, Amsterdam, Barcelona, Berlin, Cologne, Copenhagen, Dortmund, Dublin, Düsseldorf, Freiburg, Hamburg, London, Madrid, Malaga, Munich, Oslo, Paris, Porto, Prague, Rotterdam, Stockholm, Strasbourg, Stuttgart, Toulouse, Vienna, and Warsaw, took the conditions of each location into consideration.

The size of the delivery zone varies from city to city. As a rule, it covers busy downtown locations such as shopping areas or old historic city centres. In Freiburg, the emission-free delivery zone has been successively expanded and now covers the entire city. The choice of vehicles also differs depending on the local situation.

Over time, a project community emerged among all participating branches, in which they shared their experiences and developed local solutions further. Thanks to the modular toolbox and close support from experts in the Head Office and the project community, branches can select the elements that work for their location. This enables them to put emission-free delivery into practice and incorporate it into existing processes.

This milestone notwithstanding, the expansion of emission-free city-centre delivery and the transformation toward net zero emissions remain long-term and continuous tasks for DACHSER.

GXO Logistics, Inc. announced the appointment of Mark Suchinski as Chief Financial Officer, effective 01 April 2026. Suchinski is a seasoned financial leader with more than three decades in finance, operations and supply chain management, with significant experience in the aerospace and defence sector, a key growth vertical for GXO. He has a proven track record driving enterprise performance improvement in labour productivity, contracting, pricing and sourcing.

Prior to GXO, Suchinski served as Chief Financial Officer for The GEO Group, Inc., a leading global provider of solutions for government partners across a spectrum of diversified correctional and community re-entry services. Prior to that, he served as Chief Financial Officer of Spirit AeroSystems, the largest diversified non-OEM designer and manufacturer of aerostructures for commercial, defence and space and aftermarket globally, with responsibility for financial reporting, Treasury, Investor Relations and Strategy.

Earlier in his career, he served as Chief Accounting Officer at Home Products International and Controller at US Freightways.

Since joining GXO in August 2025, GXO CEO Patrick Kelleher has strengthened the leadership team with key appointments in Commercial, Operations and the Americas and Asia Pacific region to deliver faster growth, higher margins and sharper execution.

As the global automotive industry continues to undergo profound transformation, from electrification and digitalisation to evolving supply chains and regionalised production strategies, Hellmann Worldwide Logistics is reinforcing its commitment to this dynamic sector.

The Company has appointed Rahul Bhasin as new Global Vice President of Hellmann Automotive Logistics. In his new role, he will report directly to Alexandra Olvera, who recently joined Hellmann as the new CCO. Rahul Bhasin will lead Hellmann's global automotive logistics activities as part of the Company's long-term strategy to further strengthen its position as a reliable logistics partner for OEMs and Tier 1 suppliers to drive sustainable, customer-centric growth in all regions.

With more than 15 years of strategic international leadership experience across the automotive industry, Rahul Bhasin brings a wealth of expertise spanning Asia-Pacific, the Middle East and Europe. Having worked with leading automotive brands and consulting firms he has been instrumental in shaping market entry and growth strategies, enhancing customer experience frameworks and driving large-scale business development initiatives across global markets.

This appointment highlights Hellmann's ongoing commitment to the automotive sector. By combining in-depth industry expertise with a customer-centric approach, Hellmann intends to strategically develop the future of automotive logistics through resilience, innovation and close collaboration with its customers.

The automotive industry remains a key growth driver for Hellmann, and it is committed to expanding its global footprint to support customers’ long-term success in an evolving market environment.

Worldwide Flight Services (WFS) has announced Thomas Schürmann will take up the post of Managing Director Germany of its subsidiary Frankfurt Cargo Services (FCS) in April. Thomas will join FCS having previously served as Head of Cargo Operations & Delivery at Etihad Airways in Abu Dhabi Current FCS Managing Director, Claus Wagner, remains with the group, and will take over the management of the Frankfurt operation of parent company Worldwide Flight Services (WFS) to drive forward the development of freight forwarding and eCommerce handling services.

Thomas Schürmann has more than 20 years’ experience in international management and cargo operations. Most recently, he was responsible for Etihad’s global cargo operations at over 80 international passenger and cargo stations. Through his work at Etihad, and previously at Flughafen Düsseldorf Cargo GmbH, he will combine his airline and ground handling expertise to position FCS for a secure future, supported by a strong customer focus.

Claus Wagner has been Managing Director of FCS since 2019 and has successfully guided the company and expanded its position as the largest airline-independent freight handler at Frankfurt Airport. A business graduate with more than 30 years of experience in logistics, prior to joining FCS he served in senior executive positions including Chief Financial Officer at Europcar and Chief Operating Officer at DPD.

He will now leverage this experience to expand WFS’s freight forwarding and eCommerce activities in Frankfurt. In January, WFS commenced operations in two warehouses and two office buildings on a 24,000 m2 site within the airport’s Cargo City South with the capacity to handle some 100,000 tonnes of import and export freight annually for eCommerce and freight forwarding clients.

Hanseatic Global Terminals (HGT) announced today two appointments that strengthen its global executive structure. Mauricio Carrasco will assume the role of new Regional CEO for Europe, leading the Company’s operations on the continent starting on 15 March. Meanwhile, Rodrigo Galleguillos has been appointed as the new head of Hanseatic Global Terminals Latin America, succeeding Mauricio Carrasco.

These changes are part of a growth strategy toward 2030, whose objective is to expand the global network, strengthen operational capabilities in key markets, and advance toward the goal of operating 30 terminals by the year 2030. The new structure aims to consolidate the presence in both regions and accelerate the execution of the strategic plan.

Carrasco has an extensive career in the global maritime port industry. He has held high level executive positions: he served as Managing Director of SAAM Terminals, Senior Director at Hapag-Lloyd in Dubai and Shanghai and Senior Vice President of Business Development at Compañía Sudamericana de Vapores (CSAV).

Galleguillos has a solid track record in the maritime, port and logistics sectors, where he has held various managerial roles in Latin America.

Established in 2023, Hanseatic Global Terminals is an independent entity operating under the Hapag-Lloyd group of companies, focused on terminals and infrastructure. Hanseatic Global Terminals has a robust vision to become a global terminal operator, expanding to 30 terminals by 2030.

4RCargo has appointed Olga Palec-Furga as Chief Operating Officer, part of its ongoing strategy to strengthen its leadership team and solidify its position in the Eastern European market. Palec-Furga joins 4RCargo with over 20 years’ experience in the industry, having worked across airlines, general sales and service agents (GSSAs), and airports across Poland.

As the Company enter its fifth year, it is building on the momentum achieved to date and looking to consolidate its position in the Eastern European market.

Since 4RCargo was established, it has prioritised local expertise, and this remains central to the business.

In her new role, Palec-Furga will support the senior management team to drive expansion into new markets while maintaining the GSSA’s strong Eastern European ties.

The Supervisory Board of Deutsche Post have extended the contract of CEO Tobias Meyer until March 2031. Tobias Meyer has been a member of the DHL Group Board of Management since 2019 and has led the Company as CEO since 2023.

Under the leadership of Tobias Meyer, the Group successfully completed Strategy 2025 and sustainably increased DHL Group's profitability. Strategy 2030 crafted by him and his team now enables the Company to pursue targeted growth in a challenging market environment.

By extending his contract, the Supervisory Board reaffirmed its confidence in Meyer's strong leadership capabilities to consistently drive forward the strategic transformation and growth of DHL Group.

Holman Logistics announced the appointment of Tim Sartin as Vice President, Sales. In this newly expanded role, Sartin will be responsible for driving enterprise growth by aligning commercial strategy, operational excellence, and customer value across Holman's portfolio of services.

Sartin is a hands-on executive with a deep, in-the-trenches understanding of complex customer needs. A cross-functional leader spanning logistics operations, sales, engineering, and solution design, he has built his career as a trusted partner to leading Retail, CPG, Apparel, Beauty & Personal Care, and Healthcare brands. He brings specialised expertise in large-scale, customised, multichannel fulfilment solutions and has a proven track record of consistently exceeding revenue, margin, and performance objectives.

Prior to joining Holman Logistics, Sartin held progressive business development and sales leadership roles at several of the industry's most recognised organisations. Most recently, he served as Director of Business Development, eCommerce & Consumer at Kuehne + Nagel, one of the world's leading logistics providers. Before that, he served as Senior Director of Regional Sales at VEYER and as Senior Director of Business Development at DHL Supply Chain, where he was instrumental in expanding key client relationships and winning large-scale fulfilment engagements.

Sartin's areas of expertise span new business strategy, solutions design and pricing, eCommerce fulfilment, contract negotiations, product development, and project management. Known as both a sales hunter and a trusted advisor, he brings an entrepreneurial, collaborative operating style and a reputation for building durable, long-term client partnerships.

Sartin is based in South Carolina, US, and reports to Mike Gardner, President and COO.