CEVA Logistics is to strengthen its global footprint in a key market as the Company announced the signing of a binding agreement to acquire 100.0% of Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi.

The signed share transfer agreement lists a total transfer price of US$440.0 million subject to ordinary net cash and working capital adjustments. Privately held Borusan Holding has 69.47% of Borusan Tedarik’s shares, while the remaining 30.53% is held by publicly traded Borusan Yatırım. The deal, which includes Borusan Tedarik subsidiaries in Germany, Bulgaria, Hong Kong and China, remains subject to customary closing conditions and regulatory approvals.

The Company was initially founded 52 years ago to meet the internal logistics needs of the Borusan Group. With 2024 gross revenue of US$567.0 million, Borusan Tedarik now serves a diversified customer base of global customers, as well as domestic leaders who would benefit from CEVA’s strong global network. Borusan Tedarik offers comprehensive logistics solutions in Turkey, including contract logistics, finished vehicle logistics (FVL), full truckload (FTL) and less than truckload (LTL) ground transport, as well as air and ocean freight and customs.

CEVA Logistics would welcome approximately 4,000 employees working with Borusan Tedarik. Adding the logistics activities of Borusan Tedarik would strengthen CEVA’s current position in Turkey, with a strong offering in each of its core products, air, ocean and ground transport, contract logistics and FVL.

The acquisition would nearly double the size of CEVA’s domestic warehousing and distribution operations, adding approximately 570,000 m2 to its existing 620,000 m2 of warehouse space. In addition, the combined ground transport activities would execute nearly 1.0 million domestic transports per year, while Borusan Tedarik’s activities would also strengthen CEVA’s existing network connecting with Europe. Borusan Tedarik’s relationships in the automotive industry would boost CEVA’s domestic FVL operations into a Top 3 position. Finally, CEVA’s ocean capacity would increase by 25.0%, while its air capabilities would rank among the Top 5 in Turkey.

CEVA Logistics continues its growth trajectory following its 2019 acquisition by the CMA CGM Group. As the Group’s strategic logistics pillar, CEVA has integrated large logistics players, including Ingram Micro’s CLS division, GEFCO, and most recently, Bolloré Logistics. CEVA has also made numerous domestic bolt-on acquisitions and launched joint ventures to accelerate its growth in key geographies or market sectors.

CEVA Logistics has identified Turkey as one of its strategic geographies where it expects to grow significantly. Complementing its existing presence in Turkey with the reputable experts and operations of Borusan Tedarik would put it in a position to offer even greater value to the combined customers and, as a result, grow faster than the market organically. CEVA is becoming bigger, stronger and smarter, so that it can then grow faster.

UPS has entered into a definitive agreement to acquire Andlauer Healthcare Group Inc., a leading North American supply chain management company headquartered in Canada and offering customised third-party logistics and specialised cold chain transportation solutions for the healthcare sector.

Under the terms of the agreement, AHG shareholders will receive C$55.00 per share in cash, representing a total purchase price of approximately C$2.2 billion (US$1.6 billion).

This transaction will extend the global portfolio of end-to-end cold chain capabilities available to UPS Healthcare customers, who increasingly seek temperature-controlled and precision logistics solutions.

Next-generation treatments are driving more complexity than ever, expanding the needs of healthcare customers and increasing demand for the integrated, end-to-end cold chain solutions UPS Healthcare provides around the world.

Andlauer Healthcare Group will help UPS deliver expanded capability to customers, driving best in class patient outcomes while contributing to its overall growth plans across the business. This acquisition marks another important step in the Company’s declaration to be the number one complex healthcare logistics and premium international logistics provider in the world.

UPS values the expertise, experience, and track record of AHG’s management team and employees. Following the close of the transaction, Michael Andlauer, founder and CEO of AHG, will lead UPS Canada Healthcare and AHG to expand the businesses’ specialised capabilities and meet the needs of healthcare customers.

Once closed, UPS Healthcare will benefit from AHG’s temperature-controlled facilities and specialised cold chain transportation capabilities.

Closing of the transaction is targeted for the second half of 2025, subject to AHG’s shareholder approval, customary regulatory reviews and approvals, and other customary closing conditions. Michael Andlauer and Andlauer Management Group Inc., the controlling shareholder of AHG, have agreed to vote their AHG shares in favour of the transaction.

External growth continues to be the driving force behind the STEF Group’s rise in revenue, accounting for almost 55.0% of the increase in the first quarter of 2025. In France, the contraction in food consumption and the associated fall in volumes are leading to stagnation in revenue. Outside France, revenue has risen sharply, driven by the contribution of recently acquired companies.

STEF posted a 5.1% increase in revenue in Q1 (2.8% on a like-for-like basis) to €1,197.2 million.

At STEF France, revenue grew 0.6% (0.9% on a like-for-like basis) to €580.2 million. Sales in the Chilled Products business remained stable, due to weak growth in food consumption and a slowdown in volumes processed, accentuated by one fewer working day during the quarter. The Retail business is maintaining its momentum thanks to a good performance in eCommerce and the logistics outsourcing contracts won in 2024. The Foodservice business is continuing the positive trend seen in Q4 2024, driven by a sustained sales performance and the ramp-up of its Miramas site. The Frozen Products business is suffering from a sluggish market, leading to a fall in the fill rate of its warehouses.

At STEF International, revenue increased 10.9% (4.2% on a like-for-like basis) to €464.3 million. Operations in Italy remain stable overall, except for the Frozen Products segment, which is subject to increased competition. Spain is showing good momentum, driven by the positive impact of external growth and the performance of the Foodservice business. Despite the fall in food consumption, revenue in the Netherlands and Belgium is holding up. Both countries are actively pursuing the process of integrating recently acquired companies. In the UK, the positive scope effect of the integration of Long Lane Deliveries in Scotland offset the fall in volumes in the historical scope.

Q2 2025 revenue data will be published on 17 July, after trading.

First quarter 2025 at PostNord saw net sales decline to SEK9,005.0 million (9,500.0), a decrease of -5.0% (-4.0%) in fixed currency for like-for-like units. Q1 saw parcel volumes increase by 8.0% (-2.0%), as mail volumes decreased by -14.0% (-14.0%). Operating income (EBIT) totalled SEK189.0 million (127.0), representing an operating margin of 2.1% (1.4))

PostNord reported a strong trend for income in the quarter, driven by a positive performance in the parcel business. Business-to-consumer volumes showed good growth, while improvement programmes have increased efficiency and reduced costs, further boosting income.

During the quarter, it was announced that PostNord Denmark will stop handling mail from the beginning of 2026 and instead focus fully on the parcels business. Since the turn of the millennium, mail volumes in Denmark have declined by more than 90.0% and the pace of decline in volumes continued to increase in the past year as a result of Denmark’s new Postal Services Act. This means that the conditions for operating a mail business that is both nationwide and profitable in Denmark no longer exist.

The decision regarding the Danish mail business does not affect the Swedish side of operations. In Sweden, the Company continue to work to run a nationwide, self-financed and profitable mail business. Continuous adjustments to the business have been carried out, along with price increases, to address the ongoing decline in volumes. Over and above these initiatives, regulatory relief is also needed to reflect the current demand for physical letters.

The Company continues to progress towards its climate goals by investing in biofuels and electrification, with the aim of making the organisation completely fossil-free by 2030. At the same time, it is further developing its climate agenda to achieve net zero greenhouse gas emissions by 2040.

Looking ahead, the Company noted that uncertainty in global economic developments is unusually high, especially against the background of recent trade policies. How this will affect inflation and consumption in Europe and the Nordic region is not yet clear. It is maintaining close surveillance of developments in the world, while maintaining the focus on its business transformation.

CMA CGM Group has announced the closing of its acquisition of approximately 47.9% of Santos Brasil Participações S/A (“Santos Brasil) from funds managed by Opportunity, following regulatory approvals from relevant Brazilian authorities.

The transaction was completed at a price per share of BRL13.60. As a result, CMA CGM Group now holds a 51.0% stake in Santos Brasil, making it the Company’s controlling shareholder.

As announced on 23 September 2024, and as a result of the closing of the transaction, CMA CGM, through CMA Terminals Atlantic SA, will launch a mandatory tender offer to acquire all outstanding shares of Santos Brasil for the same price and conditions paid to Opportunity, duly adjusted by the SELIC rate until the financial settlement of the Tender Offer. CMA CGM Group also intends to convert the Company's registration with the CVM to category "B" and, consequently, exit Santos Brasil from Novo Mercado segment B3.

The effective request to convert the Santos Brasil’s registration and exit from Novo Mercado segment B3 will only be filed by CMA Terminals Atlantic SA if the minimum price established in the independent appraisal report – prepared in accordance with applicable regulations – is less than or equal to the price per share of the transaction executed with Opportunity, duly adjusted by the SELIC rate until the financial settlement of the Tender Offer. CMA Terminal Atlantic SA reserves the right to waive this condition at its sole discretion up until the Tender offer filing with the CVM.

Santos Brasil’s Extraordinary General Shareholders Meeting to appoint the appraiser will be held on 29 April 2025.

Knight-Swift Transportation Holdings Inc., one of the largest and most diversified freight transportation companies, operating the largest full truckload fleet in North America, reported first quarter 2025 net income attributable to Knight-Swift of US$30.6 million. During Q1, 2025, consolidated total revenue was US$1.8 billion, a 0.1% increase from the first quarter of 2024. Consolidated operating income was US$66.7 million, an increase of 224.3% compared to the same quarter last year. Consolidated operating ratio for the quarter was 96.3%, and Adjusted Operating Ratio was 94.7%, both of which improved over 200 basis points over the 2024 quarter.

Following a solid start to the year, conditions grew more challenging as weather disruptions in January and February gave way to a tariff drag on March activity that dampened the typical seasonal build in freight volumes.

The Company noted that customers are grappling with a fluid trade policy situation that is causing some to delay decisions while others manage inventories more tightly out of an abundance of caution. Some customers are taking action to mitigate tariff exposure while others are taking a wait-and-see approach. The Company is staying actively engaged with its customers to remain apprised of their developing needs. For its part, the Company is further tightening its equipment profile by disposing of underutilised assets, enhancing its leading safety performance, and reducing overhead - all in efforts to create the most efficient
cost structure possible as it anticipates a potentially volatile business environment over the near term.

The Company’s business leaders are preparing plans for a variety of scenarios, including opportunities, that may unfold over the coming months.

In the Truckload business, while there are plenty of crosscurrents, modest increases in contract rates have remained steady in the bid activity thus far. Revenue per mile for the quarter was up year-over-year for the first time since Q3, 2022, and its cost per mile continues to show year-over-year improvement. Truckload freight demand appeared stable through the first half of April, and while it is still too early to look for the typical seasonal build during the second quarter, the Company has not seen demand deteriorate thus far.

Truckload achieved a 95.6% Adjusted Operating Ratio, an improvement of 170 basis points year-over-year, as the legacy truckload business improved 200 basis points and US Xpress achieved a quarterly operating profit for the first time since the July 2023 acquisition. Revenue, excluding fuel surcharge and intersegment transactions, decreased 4.2%, but Adjusted Operating Income increased 59.7% year-over-year. Revenue per loaded mile, excluding fuel surcharge and intersegment transactions, increased year-over-year for the first time in 10 quarters, improving 1.5%.

LTL revenue, excluding fuel surcharge, increased 26.7% year-over-year as shipments per day increased 24.2%, and revenue per hundredweight excluding fuel surcharge increased 9.3%. Adjusted Operating Ratio was 94.2% as Adjusted Operating Income declined by 26.8% due to start-up costs and early-stage operations at recently opened facilities as well as some lingering costs following the integration of the less-than-truckload division of Dependable Highway Express, Inc. (the "DHE" acquisition). The Company opened seven new locations during the first quarter.

The LTL business experienced negative impacts on volumes and costs from the weather events in the Southeast where its LTL network density is highest. While this caused results to be below expectations early in the quarter, the operating ratio and year-over-year growth in shipment count improved progressively through the quarter, reaching 30.0% shipment growth and an Adjusted Operating Ratio of 90.6% for March. Significant investments over the past year in expanding the LTL footprint while maintaining service levels have allowed the Company to grow its customer base and market share. Through early April, shipment counts continued to build on the progress achieved in the first quarter.

Logistics reported a 95.5% Adjusted Operating Ratio with a gross margin of 18.1%. Revenue increased 11.8%-year over-year with revenue per load up 11.7% and load count flat.

Intermodal achieved a 102.0% operating ratio, with revenue up 3.5%. Load count increased 4.6% year-over-year. Revenue per load was down 1.1% year-over-year but up 0.9% sequentially.

Looking ahead, the Company expect that Adjusted EPS will range from US$0.30 to US$0.38 for Q2, 2025, which is an update from its previously disclosed range of US$0.46 to US$0.50. Because of the significant uncertainty created by the current fluid trade policy situation and its implications for inflation, consumer demand, and demand from customers, the Company is providing a wider range than normal for the next quarter's earnings and are not providing guidance for the third quarter.

ID Logistics has announced its revenues for the first quarter of 2025. The Company saw strong commercial momentum with the signing of new contracts, as revenues for Q1 2025 eached €867.8 million, up 17.9% (+17.7% on a like-for-like basis)

The Group continues to benefit from a diversified customer portfolio, the trust of global leaders, particularly in the consumer goods and eCommerce sectors, and a balanced business in terms of geographical exposure. Its contract logistics services are exclusively focused on domestic operations and are demonstrating good resilience against the changing global economic environment. Furthermore, the strong level of embedded growth and the sustained number of tenders should enable ID Logistics to continue its strong development in 2025.

ID Logistics posted revenues of €867.8 million in the first quarter of 2025, up 17.9%. Adjusted for a slightly favourable currency effect during the quarter, growth was 17.7% on a like-for-like basis compared to the first quarter of 2024.

During the first quarter of 2025, the Company observed very good business activity in France, with revenues up 15.8% (27.0% of Group revenues), continuing the strong rebound recorded in the fourth quarter of 2024. Revenues in Europe excluding France (47.0% of Group revenues) rose by 13.5% on a like-for-like basis. The Company’s strong momentum continued in the US (18.0% of Group revenues), with revenues up significantly by 33.6% on a like-for-like basis. Growth of 17.4% was achieved, on a comparable basis, for Latin America and Asia (8.0% of Group revenue).

During the quarter, ID Logistics launched six new projects. ID Logistics continued to respond to a sustained number of tenders during Q1, 2025. By way of example, the Group won or started up the following new contracts:

> In France, following the launch of its first operation at the beginning of the year, ID Logistics continues its partnership with METRO, a leading food retailer for the food industry, with a new site located in La Brède, near Bordeaux. This 17,000 m2 tri-temperature warehouse handles dry, fresh and frozen products;

> In Germany, ID Logistics is strengthening its international partnership with a global eCommerce leader by opening a 68,000 m2 platform in the province of Hesse. This site will handle up to 2.0 million SKUs and will ultimately employ nearly 700 people;

> In the United States, in Wisconsin, the Group is opening a new 31,000 m2 site for the same leading eCommerce client, employing 350 people. ID Logistics is also continuing to support a global leader in beverages and snacks in the overhaul of its logistics in the US and has started a new business in the State of Georgia on a 20,000 m2 site employing 80 people.

> In Brazil, ID Logistics is starting operations for one of the world's leading fashion companies, which is a new customer of the Group. Based in the state of Minas Gerais, this site will grow over the duration of the contract from 24,000 m2 and 150 employees to 43,000 m2 and 350 employees.

Looking ahead, while taking into account changes in the global macroeconomic environment, ID Logistics believes it is well positioned overall to maintain its growth: the Group exclusively operates domestic logistics operations, serving leading international customers, mainly in the consumer goods and eCommerce sectors. Over the past few years, the Group has demonstrated its ability to adapt and the strength of its business model thanks to its customer centricity, its capacity for innovation and its diversified and geographically well-distributed business portfolio.

ID Logistics intends to take advantage of its good level of embedded growth and the significant number of tenders to continue its rapid development. The Group also confirms its intention to use its strong investment capacity to pursue external growth opportunities.

The Company’s revenues for Q2, 2025 will be published on 23 July 2025, after market close.

TFI International Inc. has announced its results for the first quarter ended 31 March 2025. Total Q1, 2025 revenue of US$1.96 billion compared to US$1.87 billion in the prior year period and revenue before fuel surcharge of US$1.71 billion compared to US$1.61 billion in the prior year period. The increase was primarily due to contributions from business acquisitions, offset by reduced volumes driven by weaker end market demand.

Operating income of US$114.6 million compared to US$151.6 million in the prior year period. The decrease was primarily attributable to the decline in revenues as a result of weaker market demand in the quarter, partially offset by contributions from business acquisitions of US$8.7 million and gains on sale of assets held for sale of US$6.8 million. Net income of US$56.0 million compared to US$92.8 million in the prior year period.

TFI International continues to navigate industrywide freight demand weakness by following long held core operating principles, including an overarching focus on robust free cash flow as evidenced by a 40.0% year-over-year increase during the first quarter.

A strong financial footing enables the Company to take a strategic approach to cyclicality, making targeted investments while driving operational excellence across the organisation. This disciplined focus delivered improved operating ratios across several businesses despite the challenging market conditions.

Total revenue increased by 61.0% for the Truckload segment due primarily to the acquisition of Daseke, while the Less-Than-Truckload and Logistics segments declined by 14.0% and 13.0%, respectively. Operating income in the Truckload segment increased by 18.0% compared to Q1 2024, while the Less-Than-Truckload and Logistics segments declined by 45.0% and 22.0%, respectively.

Net cash flow from operating activities was US$193.6 million during Q1, 2025 compared to US$200.7 million in the prior year period. The decrease was due to an increase in interest payments related to debt and a reduction in net income offset partially by an increase in working capital.

Subsequent to the end of the quarter, the Company acquired two businesses, Basin Transportation LLC and Veilleux Transit Inc., that will be reported in the Truckload segment.

Covenant Logistics Group, Inc. announced financial and operating results for the first quarter ended 31 March 2025. A decrease in adjusted earnings per share compared with the first quarter of 2024 resulted primarily from sub-par equipment utilisation due to prolonged inclement weather conditions and avian influenza outbreaks, which were especially severe this year.

Overall, the Company remains confident in its strategy, direction, and market position and its team’s ability to execute on the factors within its control. It enters the second quarter with modest rate increases secured in Expedited, higher margins in Managed Freight, and the expectation of revenue growth in the Dedicated, Managed Freight, and Warehousing divisions compared with the second quarter of 2024.

The Company also recently completed a small tuck-in acquisition of a multi-stop distribution carrier that is expected to be immediately accretive to equipment utilisation and earnings in the Dedicated division. In the current environment of uncertain demand, slow capacity exits, and escalating uncertainty regarding global trade policies, the Company continues to allocate capital to defensible niches, focus on cost control, and deliver superior service and value to customers.

The 49.0% equity method investment with Transport Enterprise Leasing (“TEL”) contributed pre-tax net income of US$3.8 million, roughly in line with the prior year quarter’s results of US$3.7 million.

For the quarter, total revenue in truckload operations decreased 0.9%, to US$188.3 million. The decrease related primarily to US$4.8 million less fuel surcharge revenue, which varies with the cost of fuel. Freight revenue grew by US$3.1 million, or 2.0%, as a 7.6% increase in average tractor fleet was partially offset by lower equipment utilisation.

Freight revenue in the Expedited segment decreased US$6.4 million, or 7.3%. Average total tractors decreased by 48 units or 5.3% to 852, compared to 900 in the prior year quarter. Average freight revenue per tractor per week decreased 1.1% as a result of a 2.8% decrease in utilisation, partially offset by a 1.8% increase in freight revenue per total mile.

For the quarter, freight revenue in the Dedicated segment increased US$9.5 million, or 13.1%. The average total tractors increased by 212 units or 16.7% to 1,479, compared to 1,267 in the prior year quarter. Average freight revenue per tractor per week decreased 2.1% as a result of a 12.5% decrease in utilisation, partially offset by an 11.9% increase in freight revenue per total mile.

Operating expenses in the combined truckload segments were a significant headwind in the quarter. The drivers of the increase primarily include salaries, wages and related expenses and operations and maintenance costs to operate equipment. Expense increases were expected, as they relate to growth in high-service, low-mileage operations. The expense increases were partially offset by a 7.7% increase in revenue per total mile, but not fully covered due to lower than expected equipment utilisation among other factors.

Salaries, wages and related expenses increased year-over-year by approximately 12.0%, on a per total mile basis. The increase was driven primarily from the year-over-year impact of significant growth in the dedicated protein supply chain business as well as a significant increase to workers compensation claims expenses in the quarter. As the Company grows its dedicated fleet in niche services, it requires hiring and retaining skilled drivers and maintenance professionals to operate and maintain specialised equipment on loads that typically move heavy weights on non-paved roads with shorter lengths of haul, resulting in higher costs on a per total mile basis. Operations and maintenance expenses increased approximately 28.0%, compared to the prior year quarter.

For the quarter, Managed Freight’s freight revenue decreased 9.6%, from the prior year quarter. Operating income improved 35.9% and adjusted operating income improved 32.2% compared to the first quarter of 2024. The margin improvement is attributable to the team’s effort to identify and execute on profitable freight, assist the Expedited fleet with overflow capacity, and reduce insurance related claims expense as a result of improvements to cargo control procedures.

For the quarter, Warehousing’s freight revenue decreased 6.0% versus the prior year quarter. Operating income and adjusted operating income for the Warehousing segment decreased US$0.9 million compared to the first quarter of 2024, driven by the combination of facility-related cost increases for which the Company has not yet negotiated rate increases with customers and start-up related costs and inefficiencies related to new business. The Company expect margins to expand on existing operations as the start-up phase rolls off and rate negotiations are concluded.

Currently, the general freight market appears to be incrementally improving as capacity and demand are better balanced than they have been for approximately two years, and customers are acknowledging this during rate and volume allocation discussions. However, uncertainty around global trade policy may cause a temporary disruption to improvement, delaying the path to a 2025 recovery of the freight economy.

Beyond the first quarter, the Company is focusing on positioning itself to execute quickly and gain operating leverage as conditions improve, continuing to capture new dedicated contracts to expand the fleet organically, and evaluating multiple acquisition and investment opportunities.

The Rhenus Group has announced the official rebranding of Blu Logistics LATAM to Rhenus Logistics, following its acquisition in 2023. The rebranding will enhance the Group’s footprint and operational integration across Latin America, as BLU Logistics LATAM will now commercially operate under the Rhenus Logistics name in Argentina, Colombia, Ecuador, Mexico, Paraguay, and Uruguay.

This transition complements and strengthens Rhenus existing operations in Argentina, Brazil, Chile, Colombia, and Mexico, while further expanding its service portfolio in the region with a focus on Air & Ocean services and warehousing solutions. The unified brand identity of the two family-owned companies will offer customers greater consistency, connectivity and access to the Groups global standards, capabilities, and service portfolio.

The rebrand comes amid a period of significant growth across the region. In 2024, the combined operations of Rhenus Logistics LATAM and BLU Logistics LATAM handled over 210,000 TEUs in full container load (FCL) shipments, a 16.67% increase compared to the 180,000 TEUs managed by BLU Logistics LATAM alone in 2023. This growth was driven by the capacity, service solutions, and operational efficiencies enabled through the Rhenus global network.

As a result of its strong positioning and ranking in ocean freight, particularly on the Far East Asia to LATAM trade lane, Rhenus Logistics is recognised as a leading freight forwarder in the region. To continue supporting customer and market demands, the Company has expanded its regional footprint with new office openings. Most recently, in March, Rhenus Brazil inaugurated a new branch in Belo Horizonte, strengthening its presence in key logistics hubs throughout the country. LATAM's growing relevance in global trade is evident through increasing cargo volumes from Asia, India, Europe, and the US.

Rhenus Logistics will continue to provide a full suite of solutions in Latin America, including air and ocean freight, customs brokerage, warehousing, and project logistics. Blu Logistics offices will now operate under the Rhenus brand name and benefit from the Rhenus Group's global infrastructure, systems, and technology, ensuring enhanced efficiency and service delivery. This rebranding reflects the Company’s strategic focus on expanding its Air & Ocean division in high-growth markets such as Latin America and delivering fully integrated, end-to-end supply chain solutions worldwide.

Skyports Drone Services (Skyports), a leader in drone delivery and inspection services for healthcare, maritime, logistics and energy use cases, has acquired Redbird Aero, Australia’s leading large cargo drone operator.

The acquisition marks a significant milestone for both companies, signifying Skyports’ official entry into the Australian market and advancing uncrewed aviation in Australia, building on Redbird Aero’s strong foundation.

With this expansion into Australia, Skyports is set to apply its expertise in Remotely Piloted Aircraft Systems (RPAS) to improve healthcare access and strengthen supply chain resilience across rural and remote regions. Moreover, it will expand its automated drone inspection services that simplify difficult, time-consuming and dangerous jobs, such as linear asset inspection, waterway monitoring and real-time surveillance.

Since its inception, Redbird Aero has been dedicated to improving healthcare access and delivering life-saving services to rural, remote, and Indigenous communities. A key part of this effort has been focusing on bringing large cargo RPAS (>150 kgs) to Australian skies through regulatory development, operational innovation, and strategic partnerships. By working closely with aviation regulators, government agencies, and healthcare providers, the drone operator has been at the forefront of enabling safe, scalable, and sustainable drone logistics that can support Australia’s most challenging environments.

Skyports expansion continues on the back of ACS Group’s Series C investment into Skyports last year. ACS Group has a strong Australian presence through subsidiaries CIMIC, CPB Contractors, Sedgman, Pacific Partnerships, Leighton Asia and Thiess. Skyports is already working with several of these ACS Group companies to launch construction monitoring and asset inspection drone services, with first flights scheduled to commence in June 2025.

Kuehne + Nagel has had a strong start in the new financial year. It increased market share, gained new customers, and also improved profitability. Despite the challenging global economic environment, the Company achieved double-digit growth in net turnover.

The Company saw improvement in all key financial figures in the first quarter of 2025. Net turnover grew by 15.0% year-over-year to CHF6.3 billion, EBIT increased by 7.0% to CHF402.0 million, and earnings rose by 9.0% to CHF303.0 million. Gross profit increased 8.0% to CHF2,237.0 million.

Net turnover in the business unit Sea Logistics rose by 30.0% year-over-year in the first quarter of 2025, reaching CHF2.5 billion. EBIT rose 7.0% to CHF210.0 million. The conversion rate was 36.0%. The container volume at the end of March 2025 was 1.0 million TEU, 3.0% more than a year earlier. Underlying volumes were up 6.0% y/y and higher than market growth. Gross profits climbed 15.0%. The first-time consolidation of US-based IMC Logistics took place in January 2025 and has been earnings-accretive from the start.

Net turnover in the business unit Air Logistics in the first quarter of 2025 rose by 13.0% to CHF1.8 billion and EBIT by 23.0% to CHF116.0 million. Gross profit increased 12.0%. The conversion rate was 26.0%. The unit handled 514,000 tonnes of freight in the first quarter of 2025, 5.0% more than in the year-ago quarter, despite a drag from the automotive sector. Apex and perishables drove 5.0% volume growth y/y. Excluding the automotive sector, the business unit gained market share across all industries and particularly in semiconductors. New cool corridors for healthcare were opened between Brussels and Chicago as well as between Brussels and Singapore.

Net turnover in the business unit Road Logistics totalled CHF871.0 million in the first quarter of 2025, up 1.0%, with EBIT of CHF19.0 million, down 37.0%. Gross profit increased 2.0%. The general cargo business declined compared with the previous year due to weak demand in European markets. It is not expected that the market situation will change anytime soon. The Company saw yield pressure due to low demand in the network as weakness in selected industries and geographies weighed on results. That said, the Company saw strong development in customs clearance activities.

Net turnover in the business unit Contract Logistics totalled CHF1.2 billion in the first quarter of 2025, up 3.0%, with EBIT rising 4.0% to CHF57.0 million. Gross profit increased 4.0%. Results were in line with expectations and the business unit remains on a growth trajectory. It opened new fulfilment centres for Sanofi in Turkey and for Rolls Royce in Dubai. The Company’s market share is expanding in healthcare and eCommerce.

At this time, the Company stated that it will not update the Group recurring EBIT guidance for the current year (CHF1.5 billion to CHF1.75 billion), in light of the elevated and fluctuating level of market uncertainty, including global tariff developments.

Ryder System, Inc. has reported results for the three months ended 31 March 2025, delivering double-digit earnings growth. This marks the second consecutive quarter with year-over-year earnings growth driven by the strength of its contractual businesses. Total revenue reached US$3.1 billion, up 1.0%.

SCS delivered record first-quarter earnings, reflecting the execution of strategic initiatives and new business. This marks the eighth consecutive quarter of earnings growth in SCS. DTS also delivered higher earnings reflecting acquisition synergies and continued strong performance of the legacy dedicated business. In FMS, contractual earnings growth driven by initiatives partially offset weaker market conditions in rental and used vehicle sales.

Fleet Management Solutions: contractual earnings growth offset by weaker market conditions in rental and used vehicle sales

FMS total revenue decreased 1.0% and operating revenue increased 1.0%. Total revenue reflects lower fuel costs passed through to customers. Operating revenue reflects higher ChoiceLease revenue, partially offset by lower rental demand. FMS EBT of US$94.0 million, decreased 6.0%. Used truck and tractor pricing declined 17.0% and 16.0%, respectively, from prior year, and declined 8.0% for trucks and 7.0% for tractors, sequentially from fourth quarter of 2024

Supply Chain Solutions: robust earnings growth reflects continued strong operating performance

SCS total revenue and operating revenue increased 2.0% and 3.0%, respectively. Total revenue primarily reflects increased operating revenue. Increase in operating revenue was driven by new business and higher customer volumes. SCS EBT of US$87.0 million was up 35.0%. EBT growth primarily reflects improved operating performance from strategic initiatives and new business.

Dedicated Transportation Solutions: higher earnings reflect acquisition synergies and prior year integration costs

DTS total revenue increased 7.0% and operating revenue grew 8.0%, the increase due to prior year acquisition completed February 2024. DTS EBT of US$27 million was up 50.0%, the increase due to acquisition synergies as well as prior year integration costs. Results continue to benefit from strong performance of legacy business.

First quarter capital expenditures decreased to US$536.0 million in 2025 compared to US$716.0 million in 2024, reflecting reduced investments in ChoiceLease.

First quarter net cash provided by operating activities from continuing operations was US$651.0 million compared to US$526.0 million in 2024, primarily reflecting lower working capital needs. Free cash flow (non-GAAP) of US$259.0 million compared to US$13.0 million in 2024, primarily reflects reduced capital expenditures.

Looking ahead, the Company’s revised 2025 forecast assumes a more muted economic environment primarily impacting demand for transactional rental business. Ryder also increased its free cash flow forecast to reflect lower capital spending. Ryder expect the execution of initiatives and the strength of its contractual businesses to continue to drive earnings growth this year.

Old Dominion Freight Line, Inc. announced financial results for the three-month period ended 31 March 2025. Total revenues declined 5.8% to US$1,374.9 million, with operating income down 12.5% to US$338.1 million. Net income decreased 12.9% to US$254.7 million.

Old Dominion’s financial results for the first quarter reflect the ongoing softness in the domestic economy. While it was encouraged to see signs of improving demand during the first quarter, there continues to be uncertainty with the economy.

The decrease in first quarter revenue was primarily due to a 6.3% 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 reflects a 5.0% decrease in LTL shipments per day and a 1.4% decrease in LTL weight per shipment. Excluding fuel surcharges, LTL revenue per hundredweight increased 4.1% compared to the first quarter of 2024. A disciplined approach to yield management continues to be supported by best-in-class service, and the Company was pleased to once again provide on-time service performance of 99.0% and a cargo claims ratio below 0.1% in the first quarter.

The operating ratio increased by 190 basis points to 75.4% for the first quarter of 2025 as the decrease in revenue had a deleveraging effect on many operating expenses. This contributed to the 130-basis point increase in overhead costs as a percent of revenue, which includes depreciation. Depreciation expenses also increased as a percent of revenue due to the ongoing execution of a capital expenditure programme, which aims to support the ability to win market share in the years ahead.

Old Dominion’s net cash provided by operating activities was US$336.5 million for the first quarter of 2025. The Company had US$97.2 million in cash and cash equivalents at 31 March 2025.

Capital expenditures were US$88.1 million for the first quarter of 2025. The Company expects its aggregate capital expenditures for 2025 to total approximately US$450.0 million, which is a US$125.0 million reduction from its initial plan. This total now includes planned expenditures of US$210.0 million for real estate and service centre expansion projects; US$190.0 million for tractors and trailers; and US$50.0 million for information technology and other assets.

Old Dominion continued to return capital to shareholders during the first quarter of 2025 through its share repurchase and dividend programmes. For the quarter, the cash utilised for shareholder return programmes included US$201.1 million of share repurchases and US$59.5 million of cash dividends.

The Company intends to continue to execute on the core elements of its long-term strategic plan, despite this uncertainty, and its team remains committed to delivering superior service at a fair price to customers. This focus on delivering value has allowed it to strengthen customer relationships and win market share over the long term.

IAG Cargo, Qatar Airways Cargo and MAB Kargo Sdn Bhd (MASkargo) have announced their intention to launch a Global Cargo Joint Business, which, subject to regulatory approval, will enable the carriers to further enhance existing service level to customers and partners across the global air freight market.

The strategic collaboration will bring together the combined expertise and infrastructure of three leading players in the air cargo industry and is aimed at creating significant customer benefits.

A streamlined product offering, enhanced connectivity, faster transit times, and new routing opportunities across their combined extensive networks will deliver greater value and service flexibility to customers worldwide. In parallel, the parties are jointly working at developing industry-leading harmonised safety and security standards for their customers.

This ground-breaking trilateral partnership will significantly improve the accessibility and efficiency of air freight, enabling customers to expand their global air freight. By combining their resources, Qatar Airways Cargo, IAG Cargo and MASkargo plan to build a truly connected, more agile cargo network that will address the evolving needs of global trade and logistics.

The carriers expect to implement the agreement in the near future, subject to first obtaining the necessary regulatory clearances.

AIT Worldwide Logistics has finalised an agreement to purchase the assets of GSDMIA, Inc., an international freight forwarder based in Miami, US. The agreement to purchase GSDMIA's assets boosts AIT's specialised service expertise for the cosmetics, industrial and technology sectors.

GSDMIA provides deep international experience with air and ocean transportation. The team ships a diverse range of commodities between the US, Asia, Europe and Latin America, including packaging and finished goods for the cosmetics industry, commercial HVAC equipment, and cryptocurrency data servers.

GSDMIA is an extremely dynamic group that shares AIT’s focus on delivering a world-class customer experience.

After previously operating as an independent contractor with another large forwarder, GSDMIA’s co-founders, Wenzel Lewinsky and Joao Rios, arrive at AIT with nearly 60 years of combined global supply chain experience. Lewinsky and Rios have merged their business with the existing AIT office in Miami, assuming new roles as Sales Manager and Station Manager, respectively.

The GSDMIA operations will leverage AIT's expansive global network and deliver even more efficient, high-quality solutions. AIT’s scale of purchasing power, carrier relationships, and advanced shipping technology will allow those operations to take the tailored, value-added services it is known for to an even higher level.

Terms of the acquisition have not been disclosed.

Mahindra Logistics Ltd. (MLL), one of India’s integrated logistics & mobility solutions providers, has announced its audited consolidated financial results for the quarter and year ended 31 March 2025.

Revenue for the financial year grew by 10.9% YOY driven by strong performance in 3PL, Last Mile Delivery (LMD), and Cross Border services. The losses for Express business were reduced by 21.0% and EBITDA margin improved by 801 bps through effective cost optimisation measures. Operations saw a strong end to the year with 9.0% volume growth QoQ and higher order book.

Freight Forwarding business revenue grew 21.0% YoY, supported by favourable freight rates in H1, strong demand in the pharma sector and new client acquisitions.

There was significant improvement in YoY profitability in subsidiaries: Freight forwarding 2x, Mobility 3x & 2X2 Logistics 3.5x because of better operating leverage and continued investments.

Warehousing and integrated solutions business grew by 15.0% YoY. The warehouse space under management stood at 1.93 million m2. Current expansion in Pune, Kolkata, Phaltan and Agartala on track.

There was a continued focus on expanding capacity and making investments in the Eastern and North-Eastern region, focusing on warehouses, delivery stations and express logistics. During the year MLL entered a 50:50 joint venture with Seino Holdings to provide integrated logistics solutions to Japanese auto and auto-ancillary customers. MLL launched the ‘Emission Analytics Report’, a digital platform that provides customers with real-time visualisation of their carbon emissions & empowers them to decarbonise their supply chain and transition towards green logistics. It also entered a partnership with Asian Paints for Pro-trucking integrated transportation solutions. Pro-Trucking, a fleet of owned, dedicated, premium, fuel-efficient fleet tailored for extensive Pan-India line haul movements.

During the quarter, the Company saw a positive trend of revenue growth, with YoY growth of 8.0% driven by growth in 3PL contract logistics and Express. For the full year, revenue grew by 10.9% driven by account additions, new offerings and new launches. The B2B express business demonstrated volume recovery in the quarter, combined with cost management. Cross-border continues to see volatility in pricing.

Q4 FY25 (Consolidated) performance compared with Q4 FY24
> Revenue Rs. 1,570 crores as compared to Rs. 1,451 crores.
> EBITDA Rs.78 crores as compared to Rs.57 crores.
> PBT Rs. 0.95 crores as compared to Rs. (9.22) crores.
> PAT loss Rs. 6.75 crores compared to Rs. 12.85 crores.

FY25 (Consolidated) performance compared with FY24
> Revenue Rs.6,105 crores as compared to Rs.5,506 crores.
> EBITDA Rs.284 crores as compared to Rs.229 crores.
> PBT Rs. (7.7) crores as compared to Rs. (27.4) crores
> PAT loss is Rs. 35.85 crores as compared to Rs. 54.74 crores.

Q4 FY25 MLL Standalone compared with Q4 FY24
> Revenue Rs.1,293 crores as compared to Rs.1,183 crores.
> EBITDA Rs.80 crores as compared to Rs.64 crores.
> PBT Rs.17.5 crores as compared to Rs. 10.0 crores
> PAT Rs.13.12 crores as compared to Rs.7.86 crores.

FY25 MLL Standalone compared with FY24
> Revenue Rs. 5,013 crores as compared to Rs.4,530 crores.
> EBITDA Rs.297 crores as compared to Rs.292 crores.
> PBT Rs. 58.2 crores as compared to Rs.85.6 crores
> PAT Rs. 43.50 crores as compared to Rs.61.98 crores.

Looking ahead, the Company is on track with new warehousing additions in Maharashtra, West Bengal, Guwahati & Tripura. It remains focused on expanding margins through share of solutions, cost management, and turnaround of the express business.

On 09 April 2025, Forward Air Corporation announced certain preliminary financial results for the three months ended 31 March 2025. Following this, the Company has had additional time with respect to its quarter-end closing process, and as a result, is updating and providing additional information regarding certain of its preliminary results.

For the three months ended 31 March 2025, preliminary operating revenue is now estimated to be between US$611.0 million to US$615.0 million, income from continuing operations is estimated to be between US$2.0 million and US$6.0 million and Consolidated EBITDA is estimated to be between US$66.0 million to US$70.0 million compared to the previous preliminary estimate of US$54.0 million to US$59.0 million.

The Company’s actual operating results remain subject to the completion of its quarter-end closing process, which includes review by management and the audit committee. While carrying out such procedures, the Company may identify items that would require it to make adjustments to the preliminary estimates of its operating results set forth herein. As a result, the Company’s actual operating results could be outside of the ranges set forth herein and such differences could be material. The preliminary estimates of the Company’s financial results included herein have been prepared by, and are the responsibility of, management.

JD Logistics has announced expansion into South Korea’s domestic supply chain logistics market. Two self-operated logistics centres are now fully operational in Icheon and Incheon, offering third-party logistics (3PL) and integrated supply chain solutions for businesses, with fulfilment speed as fast as 12 hours in Seoul and parts of the capital region.

The Icheon warehouse currently serves a South Korean eCommerce company, and is equipped with advanced automation technologies, including auto-packing machines and automatic sorting systems. These solutions have significantly enhanced picking and packaging efficiency. Facing fulfilment volatility risks, the client turned to JD Logistics to stabilise their supply chain. Within just one month, JD Logistics deployed a fully functional alternative logistics system complete with rapid resource mobilisation and operational switchover to ensure a smooth transition and uninterrupted service.

Additionally, JD Logistics introduced a batch-based inventory system specifically for food items, allowing for tiered storage by packaging unit. This system-led picking process minimises fulfilment errors and ensures better expiration date management, critical for maintaining food quality and customer trust.

A standout feature of the Icheon facility is JD Logistics’ intelligent warehouse operation system. Leveraging AI-based inventory optimisation, popular SKUs are automatically reallocated to high-turnover zones. This dynamic reconfiguration, driven by real-time demand forecasting, enhances operational agility and enables deliveries in as little as 12 hours to Seoul and surrounding areas.

The Incheon logistics centre provides end-to-end supply chain services for local beauty brands and a prominent US consumer goods brand operating in South Korea.

Beyond its local offerings, JD Logistics connects Korean products directly with Chinese consumers via JD.com’s cross-border eCommerce platform, JINGDONG Worldwide (JD Worldwide). As JD.com fulfils over 90.0% of self-operated orders within 24 hours in China, JD Logistics continues to replicate its advanced logistics infrastructure and service expertise to support global brands and merchants. With over 100 bonded, direct mail and overseas warehouses globally, JD Logistics has established 2-3-day delivery services in key markets in Europe, North America, and more. In select regions, same-day delivery is also available.

Holman Logistics has opened a Foreign Trade Zone (FTZ) facility in the Pacific Northwest. Holman provides third-party logistics services to some of the world's most recognised brands, and the FTZ facility is strategically located to serve importers and exporters across the region.

The new FTZ can provide both cost saving and logistics flexibility. By utilising the FTZ, customers can defer, reduce, or even eliminate customs duties. Additionally, this new initiative provides flexibility in inventory management, improved cash flow, and simplified customs procedures.

Whether companies need to stage components for manufacturing, manage seasonal inventory, or streamline their import strategies, the FTZ is a powerful solution.

This state-of-the-art facility located at 4633 196th St. E, Spanaway, Wash. is designed to help manufacturers and distributors store and distribute goods more efficiently and cost-effectively into the US market and will operate under the same rigorous service standards, inventory visibility tools, and tailored customer support that have defined the Holman commitment to provide Extraordinary Service for more than a century

NewCold’s Corby, UK, facility has achieved the highest possible AA+ rating following an unscheduled BRCGS audit, highlighting the Company’s commitment to food safety and operational excellence.

Earning an AA+ rating in an unannounced audit demonstrates the exceptional rigor, discipline, and best-in-class practices that the Company’s teams uphold every day.

The BRCGS Global Standards audits assess food manufacturers’ compliance with internationally recognised food safety protocols. Achieving an AA+ rating reflects the Corby facility’s impeccable hygiene, process integrity, and operational efficiency, reinforcing NewCold’s reputation as a leader in the industry.

NewCold Corby is one of the Company’s 22 facilities dedicated to the highest levels of sustainability and food safety. The facility also holds BRCGS, ISO 45001 Occupational Health & Safety, and ISO 14001 Environmental Management certifications, further demonstrating its commitment to excellence.

On 17 April 2025, the Office of the US Trade Representative (USTR) unveiled a multi-phase plan to impose port fees on Chinese-linked shipping, aiming to counter China's dominance in global shipbuilding and strengthen US maritime capabilities. From April 2025, the US will impose fees on large container ships, targeting ships built in China or owned and operated by entities tied to the country. The measure is expected to have immediate financial implications for international supply chains.

The fees will initially apply only to vessels with a capacity exceeding 4,000 TEU, targeting the major players in international shipping. Ships falling within this category will face significant additional costs upon calling at a US port.

The key information (as currently known) briefly:

> Start and transition period: The fee officially came into effect on 17 April 2025. However, the first 180 days are exempt from charges.
> Full implementation: From 14 October 2025, the fee will be actively enforced. A base charge of US$50 per net ton or US$120 per container will apply, whichever amount is higher.
> Chinese shipping lines: Chinese carriers will face higher rates (approximately 2.75 times the standard charge), although the same implementation timeline and stages will apply.
> Large vessels only: Only container ships with a capacity greater than 4,000 TEU will be subject to this fee.
> Limitations: The fee will apply once per voyage and will be levied at the first US port of call. A maximum of five charges per vessel per year is allowed.
> Gradual increases: Further increases are scheduled for 2026, 2027, and 2028. By April 2028, the charge will rise to US$140 per net ton.
> Exceptions: No charges will apply to bulk exports, empty vessels, or sailings within the Great Lakes, the Caribbean, and between US territories.

The financial impact is expected to be substantial. A simple calculation quickly reveals that for a vessel with a capacity of 15,000 TEU, the additional costs could exceed US$1.8 million per rotation. This makes the regulation a potential gamechanger for many shipping lines. In theory, carriers could avoid the duties by commissioning new vessels from US shipyards. However, that scenario appears unrealistic for the time being: the American shipbuilding industry holds less than 1.0% of the global market share and lacks the infrastructure to scale up rapidly.

It is crucial to account for this structurally increasing cost component. Although the exact final terms may still be subject to change, this policy will have a lasting impact on the global logistics chain.

In April 2025, Kintetsu World Express South Africa acquired GDP (Good Distribution Practice) certification for its logistics and domestic distribution services for pharmaceutical products at its Johannesburg facility.

The Johannesburg head office has more than 25,000 m2 of warehouse space for general, bonded storage and temperature-controlled products. By acquiring this certification, it will further support safe and compliant pharmaceutical supply chains by combining it with the transportation services it already provides.

With over 25 years of experience, KWE South Africa has been serving customers since 1997. With offices in Johannesburg, Durban, Cape Town, and Port Elizabeth, it provides logistics solutions primarily to customers in the healthcare, aerospace, and construction infrastructure industries, including land, sea and air transport, project transport and customs clearance.

The KWE Group currently has GDP certification at 12 sites in 10 countries around the world, and it is continuing to expand its GDP network. As healthcare remains a key vertical in the Company’s management plan, it will continue to strengthen its capabilities with services that meet the growing complexity and demands of the healthcare industry worldwide.

Chapman Freeborn has agreed a new strategic partnership with general sales and service agent (GSSA), SkyXS Aircargo Service Network (SkyXS). The agreement expands the air charterer’s cargo charter, on-board courier, passenger charter, and cargo capacity management offering across Eastern Europe and the Balkans.

Demand for both cargo and passenger charters across Eastern Europe and the Balkans has continued to grow steadily over the last year.

SkyXS Aircargo’s extensive contacts in the region perfectly complement Chapman Freeborn’s experience delivering a robust and versatile suite of air charter solutions tailored to clients’ specific needs, no matter how complex. With nearly thirty years’ experience as a GSSA, SkyXS operates in twelve countries across Central and Eastern Europe, as well as the Balkan peninsula.

This follows a strategic restructure of Chapman Freeborn’s European cargo operations, the launch of a European music and entertainment division, and opening of a new French operations base.

Logitech has opened a logistics centre at Maersk’s facility in Dubai’s Jebel Ali Free Zone. As a result, it expects to reduce delivery times by up to 30 days across Africa, the Middle East, Turkey, and Central Asia.

Maersk has welcomed the expansion of its partnership with Logitech at its Integrated Logistics Centre.

The facility is a key part of Logitech’s strategy to improve service for both business and retail customers. The strategic location of the logistics centre was selected to enable quicker access to new products, to improve inventory availability, and to support stronger customer and partner relationships.

The Free Trade Zone’s large customer base made it a strong choice for warehouse operations and in consultation with customers, who also expressed a strong preference for the location, Logitech’s decision was made.

Worldwide Flight Services (WFS) has strengthened its partnership with Cathay Cargo through new long-term cargo handling contracts at Portland International (PDX) and Dallas Fort Worth International (DFW) airports in the US.

This expansion builds upon WFS’ established cargo handling services for Cathay Cargo at Boston (BOS), Houston (IAH), and Los Angeles (LAX), along with ground handling operations it provides for Cathay Cargo at New York (JFK) and Houston.

Operations had commenced on 18 March 2025 at Portland and 15 April 2025 at Dallas Fort Worth, with WFS providing comprehensive cargo handling services that will further enhance operational capabilities and service excellence for Cathay Cargo and its customers across the Americas.

This strategic expansion coincides with Cathay Pacific’s upcoming launch of direct passenger flights connecting Hong Kong and Dallas on 24 April 2025. Operating four times weekly, these flights will significantly enhance cargo capacity between these two cities. These flights will complement Cathay Cargo’s established freighter operations to create an integrated logistics solution that delivers improved efficiency and greater shipping options for North American customers.

The new agreements further strengthen WFS’ position as a preferred cargo handling partner for leading global airlines and demonstrates its commitment to expanding its presence in strategic North American cargo markets.

Cellcycle, a leading UK lithium battery recycling specialist and part of the SER Group, has signed a Mutual Cooperation Agreement with Kerry Logistics (UK) a member of the global Kerry Logistics Network (KLN) covering 60 countries, to enhance their battery supply chain solutions, supporting industries from electric vehicles (EVs) to energy storage systems.

This strategic collaboration aims to strengthen battery logistics, recycling, and engineering services across the UK and internationally.

Under this agreement, Cellcycle, alongside its sister division Cellstorage, will work closely with Kerry Logistics to explore opportunities across the battery supply chain, from global logistics and freight forwarding to distribution, maintenance, engineering fieldwork, and lifecycle management. The partnership will leverage Kerry Logistics’ expertise in multimodal freight, warehousing, and customs brokerage to optimise the division’s end-to-end battery solutions.

With the rapid expansion of the EV market and renewable energy storage sector, the demand for a secure, efficient, and compliant battery supply chain has never been greater. Through this agreement, Cellcycle and Kerry Logistics will focus on overcoming logistical challenges, improving sustainability, and ensuring regulatory compliance for the handling, storage, and recycling of lithium batteries.

By combining Cellcycle’s expertise in battery compliance, handling, and recycling with Kerry Logistics’ international supply chain and freight forwarding capabilities, this partnership will create a comprehensive framework for businesses requiring specialist battery logistics and end-of-life solutions.

A key focus of the cooperation is sustainability and the circular economy. Cellcycle is pioneering biotechnological recycling processes to improve the recovery of valuable materials from lithium batteries. By integrating these efforts with Kerry Logistics’ extensive distribution network and supply chain solutions, the partnership aims to reduce waste, extend battery lifecycles, and enhance supply chain efficiency.

This Agreement marks the beginning of a long-term collaboration between Cellcycle and Kerry Logistics, aimed at enhancing the efficiency, security, and sustainability of the battery supply chain. By combining logistics expertise with battery industry knowledge, the partnership will support businesses navigating the complexities of battery storage, transport, and end-of-life management. As demand for electric mobility and energy storage solutions continues to grow, Cellcycle and Kerry Logistics are committed to delivering innovative, scalable, and compliant solutions that enable a more sustainable and resilient supply chain for the future.

Hans Geis GmbH + Co KG in Kürnach has organised the transport of a complete production line for candle manufacturing from Germany to one of the Baltic states for a long-standing customer. The project comprised a total of seven complete loads - one of them with excess width and a total weight of seven tons. A challenging task that is far beyond the standard.

The production line had impressive dimensions: With a height and width of around three meters each and a colli weight of seven tons, it placed special demands on planning and implementation. A specially equipped truck was used, which can be flexibly reduced to standard width when unloaded. This meant that the extra-wide load could not only be transported safely and stably, but also complied with all legal requirements.

InPost has signed an eight-country, multi-year delivery contract with Vinted, Europe’s go-to destination for second-hand items. Through the end of 2027, InPost will handle Vinted parcels across the UK, Poland, France, Belgium, the Netherlands, Italy, Portugal and Spain, including services through its Mondial Relay unit.

Sellers of second-hand items on Vinted’s platform will gain a fast, economical and environmentally friendly delivery option using InPost’s convenient network of more than 82,000 lockers and PUDO points. For InPost, the agreement will provide significant volume from the millions of Vinted members in Europe and beyond, bringing the Company closer to its goal of becoming Europe’s largest logistics operator.

Commercial wins, such as the contract with Vinted, are key to InPost's strategy and help it further strengthen its international presence.

Delivery to InPost parcel lockers can cut last-mile emissions by as much as 98.0% compared with door-to-door service. The Company has joined the SBTi initiative and is one of the first Polish companies to set a target of net-zero by 2040.

GXO Logistics has announced the renewal and expansion of its partnership with Revelyst, a collective of brands that design and manufacture performance gear and precision technologies to fuel outdoor experiences. GXO will continue managing B2B and B2C logistics services, including picking, packing and managing returns out of its Eindhoven warehouse.

Together, the companies will consolidate operations into a single warehouse to help streamline the logistics operations while enhancing service levels for Revelyst’s consumers.

GXO currently manages B2B and B2C retail logistics services, as well as returns services from a 28,000 m2 warehouse, dedicated to Revelyst operations for the Fox Racing, Bell Helmets, Giro Sport Design, CamelBak, and Blackburn brands. GXO also supports Revelyst in the UK and Singapore.

With the global sports industry continuing to grow and sports consumers representing one of the largest global demographics in sustainable purchasing, the demand for advanced logistics solutions is reaching unprecedented heights. GXO is leading the charge in this transformative journey with tailored and tech-enabled logistics solutions for over 30 brands in the sports sector worldwide, including comprehensive reverse logistics services.

Maersk has officially opened a 75 000 m2 warehouse, its first in France and strategically located in GLP Park Denain (Hauts-de-France). The facility is already operational. It is the latest addition to Maersk’s portfolio of over 40 warehouses and distribution centres in 15 European countries and over 500 such facilities globally.

The facility underpins Maersk’s comprehensive logistics offering on the market, with tailored solutions for complex supply chains needs of customers in France.

The location of the warehouse in Hauts-de-France reflects the region’s growing prominence in logistics. The shift towards becoming a logistics hub began in the 1990s and has accelerated in recent years with the development of modern transport infrastructure, including extensive road, rail, and air networks and thanks to the proximity to major European metropolises such as Paris, Brussels, and London. Today, Haut-de-France is recognised as one of the leading logistics centres in Europe thanks to the region's strategic location at the crossroads of major European trade routes.

The establishment of Maersk in Denain represents a major opportunity for the Hauts-de-France region, and for the Porte du Hainaut in particular. This installation marks a historic turning point for Denain, a city with an industrial history, by transforming part of the former Usinor wasteland into a modern logistics hub before welcoming other major companies currently setting up on the rest of this 80-hectare site.

Economically, Maersk is synonymous with job creation. Hundreds of positions have been opened, including handlers, order preparers, and forklift operators, with recruitments still ongoing.

The new warehouse, which has received BREEAM Very Good certification, is equipped with 85 doors, has beam height of 11.40 metres, floor load of 5 t/m2 and a truck yard of 35 m. The facility has separate circulation for heavy goods and light vehicles and is equipped with Autodocks (automated docking system).

Dollar Tree, Inc. has announced plans for Dollar Tree operations to return to Marietta, OK, US, with a new, enhanced distribution centre. The new facility replaces the previous distribution centre which was one of many structures in the Marietta community destroyed by a tornado in April 2024.

The 92,900 m2, which is anticipated to be fully operational by spring 2027, will have the capacity to serve 700 Dollar Tree stores across the West and Southwest regions of the US. The opening of the Marietta distribution centre will bring 400 jobs back to Oklahoma.

With new and improved technological advancements, the distribution centre will be temperature-controlled with a high level of mechanisation, including high speed sortation, designed to improve overall efficiency.

As part of its ongoing commitment to enhancing both facilities and services, HANNON is investing in the expansion of its Dublin depot at Blakescross. The construction work, which commenced earlier this year, is progressing well and is set to significantly enhance operational capabilities.

This ambitious development forms a key part of HANNON Logistics’ long-term growth strategy, designed to reinforce its leadership in logistics and supply chain services, particularly within the fresh produce, meat, and dairy sectors. The additional infrastructure will enable it to meet the growing demands of Irish exporters while bolstering its customer base across both Ireland and Europe.

Construction at our Dublin site is well advanced, with the following underway:

> Five New Loading Bays: The introduction of five additional loading bays is central to optimising cross-docking and consolidation operations. These new facilities will significantly increase capacity, allowing the Company to process shipments more efficiently and reduce turnaround times.

> Upgraded Office Spaces: Alongside the expanded warehousing facilities, the Company has also undertaken a complete overhaul of its office spaces. These new facilities will support its logistics teams with dedicated areas for load planning, driver training, and enhanced operational functions. By creating more efficient work environments, it aims to increase productivity and foster job satisfaction across the organisation.

> Modernised Employee Amenities: The Company continues to prioritise the well-being of its staff, which is why it is introducing a range of modern amenities in the new facilities. These include a state-of-the-art gym, a comfortable canteen, upgraded shower rooms, and modern meeting spaces. Such improvements are designed to foster a healthier, more productive workplace, helping the team perform to the highest standard.

The construction project is being managed in partnership with S&E Contracts. HANNON remain confident that the development will be completed within the projected timescales, ensuring minimal disruption to operations.

Throughout the project, it has been incorporating the latest technologies and innovations to maximise operational efficiency. The upgraded depot will feature state-of-the-art systems to enhance logistics management, providing greater visibility and control across operations.

This expansion represents just one element of HANNON Transport’s broader Infrastructure Development Programme. Over the next 18 months, it will continue to roll out similar upgrades across its network of facilities, ensuring that operations remain at the forefront of industry standards. This ongoing investment in infrastructure, technology, and personnel will enable it to offer even more reliable, scalable, and efficient temperature-controlled logistics solutions to a growing client base.

Prologis has extended its seven-year collaboration with AMD Europe at Prologis Park Poznań. The customer will continue to lease over 5,500 m2 of warehouse space under the new agreement, based on the Clear Lease model. The AMD Europe facility serves as a key distribution centre, from which the Company supplies store equipment – including shelving systems – for the Polish market as well as other European countries.

AMD Europe has been present at Prologis Park Poznań since 2018. Their building of use supports sustainability goals with modern systems supporting energy efficiency, including energy-saving LED lighting and a smart metering system that enables ongoing monitoring and optimisation of utility usage.

As part of the new agreement, Prologis has planned additional investments in the facility’s infrastructure, including the construction of an additional loading dock, which will streamline the client’s operational processes. The developer has also secured a budget for future warehouse adaptations that will allow the facility to be even more closely aligned with the evolving needs of AMD Europe.

One of the foundations of the long-term collaboration between Prologis and AMD Europe is the Clear Lease, a transparent leasing model. This solution provides the client with fixed operating expenses throughout the duration of the agreement, eliminating the unpredictable costs that often occur with standard leases. The clearly defined, fixed rate – which covers all standard operational costs, maintenance, repairs, and administrative fees – allows the company to focus on its business development and operational planning without the risk of unforeseen expenses.

Prologis Park Poznań is a modern logistics complex comprising four warehouse-office buildings. Their versatile infrastructure allows the spaces to be adapted to the diverse needs of clients – from warehousing and distribution to assembly and light manufacturing. The park is located in the village of Sady, in the Tarnowo Podgórne municipality – only 15 km from the centre of Poznań and 12 km from Poznań-Ławica International Airport. In its immediate vicinity is the Swadzim junction, which connects national road No. 92 with the S11 expressway, serving as a bypass for the city. The strategic location of Prologis Park Poznań provides quick and convenient access to key communication routes – both national and international – towards Germany, the Czech Republic, and northern Poland. An additional advantage of the location is its proximity to public transportation, which facilitates commuting and increases the park’s attractiveness to potential employees.

The Port Authority of New York and New Jersey, in partnership with Realterm and Worldwide Flight Services (WFS), have formally opened a new state-of-the-art US$270.0 million consolidated cargo handling centre at John F. Kennedy International Airport (JFK), US. As the first new cargo facility at JFK in 25 years, this new cargo centre will consolidate operations from four separate cargo zones into a single modernised location, reducing congestion, streamlining operations and unlocking space for future development.

The JFK air cargo sector plays a vital role in the regional and national economy, supporting more than 93,000 direct and indirect jobs and generating US$11.4 billion in economic activity annually. The new consolidated cargo handling centre enhances JFK’s role as a premier hub for global trade and is expected to generate new jobs and economic development opportunities while improving service for industries reliant on high-value cargo such as pharmaceuticals, electronics and perishables.

Operated by WFS, JFK’s primary cargo handler, the 32,515 m2 facility spans 26 acres and replaces two older facilities. The new cargo centre is the first step in the Port Authority’s broader redevelopment plans for the airport’s north cargo area to accommodate recent and future long-term cargo growth through modern and efficient cargo facilities. Consolidation of cargo facilities in the north area aims to reduce congestion, improve logistics flow, and free up land for future development needs at the airport.

In the US, JFK is the nation’s busiest entry point for low-value international eCommerce packages, handling about one-quarter of all such incoming shipments, as well as a key high value international cargo hub. In 2024, JFK handled 1.67 million tons of cargo, a 5.0% increase from 2023 and 25.0% more than in 2019, making it the eighth-busiest cargo airport in the US and 21st globally.

Several innovations in the new cargo centre are expected to streamline the airport’s cargo operations, reducing wait times for truck drivers and minimising queuing outside the facility. These include an advanced truck dock management system designed to optimise the flow of goods in and out of the facility, leveraging real-time scheduling, automated check-ins, and digital communication between drivers and dock operators. The system automatically allocates the most efficient doors based on the size, type, and contents of each delivery, maximising throughput and reducing delays. The system also ensures that trucks arrive only when a dock is available, greatly reducing idle wait times and on-site congestion. This coordination ensures that fewer trucks are on the road or waiting in nearby neighbourhoods, leading to reduced noise, emissions and traffic congestion for the surrounding community.

The new consolidated cargo handling centre also includes 280 m2 of cooler space for goods requiring 2 to 8 degrees Celsius and 15 to 25 degrees Celsius environments, making it JFK’s first dedicated on-airport facility for temperature-sensitive pharmaceuticals and perishables.

The facility also sets a new benchmark for sustainability, advancing the Port Authority’s industry-leading commitment to reach net-zero carbon emissions by 2050 and to facilitate the same goal for its operational partners. The new cargo handling centre features electric forklifts, electric vehicle chargers, and an automated unit load device system to optimise power usage.

The project also exceeded its goals for participation by minority and women-owned business enterprises (MWBEs), with more than 42.0% of construction contracts awarded to MWBE firms, creating significant economic opportunities for local communities. The new facility is expected to generate 100 permanent new jobs, with a priority on hiring from the airport’s surrounding community through ongoing and targeted local hiring events and outreach in partnership with the Council for Airport Opportunity and other workforce development organisations.

Ennoconn and Prologis have renewed their contract, under which Ennoconn will continue to lease the 40,000 m2 industrial warehouse space at Prologis Park Budapest-Sziget, of which 10,000 m2 will be production space.

As a global leader in integrated cloud services, industrial IoT and embedded technology, Ennoconn has taken advantage of Prologis' unique lease structure, which allows it to plan for the long term with fixed operating fees and predictable costs throughout the lease term.

Ennoconn’s facility will continue to serve US-owned NCR (now NCR Atleos and NCR Voyix) at the hardware level. The local plant has been manufacturing state-of-the-art ATMs, POS (Point of Sale) terminals, KIOSKs and self-service cash registers in a low-volume-high-mix technology environment since 2006.

The warehouse is perfectly suited to integrate all local, European and Middle and Far Eastern countries into the Compny’s global supply chain and will continue to play a key role in keeping its operations running smoothly.

The company, which has an international scope of activities and operations, will serve other countries through its warehouse operation. Thus, the Prologis Park Budapest-Sziget building provides an excellent strategic location. Located only 17 km from the centre of Budapest in the Leshegy Industrial Park in Szigetszentmiklós, it offers efficient access to the international airport and the M1, M5 and M7 motorways. Furthermore, high standard of the building - the LED lighting, for example - allows Ennoconn to operate in a sustainable way.

Tractor Supply Company, the largest rural lifestyle retailer in the US, broke ground on its new distribution centre in Nampa, Idaho. The 80,360 m2 facility will be the 11th distribution centre in the Tractor Supply network and represents an initial investment of nearly US$225.0 million in the Canyon County area.

Tractor Supply is bringing more than 500 full-time, high-quality jobs to the region with the opening of its new distribution centre. These positions are designed to offer competitive wages, comprehensive benefits and long-term career growth opportunities, part of the Company’s ongoing commitment to investing in its Team Members and building strong communities.

Tractor Supply evaluated cities for potential distribution centre sites in five states before selecting Nampa. The distribution centre will eventually serve more than 200 Tractor Supply stores located throughout the Pacific Northwest, including nearby stores in Middleton, Kuna and Emmett, Idaho, and will be built to LEED certification standards.

The Nampa distribution centre will be located at 9640 Ustick Road and has an anticipated completion date in late 2026 or early 2027. Tractor Supply will begin hiring for positions at the distribution centre in the second quarter of 2026.

Tractor Supply is a top employer in rural America, with 12 stores in Idaho and 2,296 stores in total across 49 states. Tractor Supply currently operates 10 distribution centres located in Frankfort, New York; Casa Grande, Arizona; Franklin, Kentucky; Hagerstown, Maryland; Macon, Georgia; Pendleton, Indiana; Waco, Texas; Waverly, Nebraska; Navarre, Ohio; and Maumelle, Arkansas.

Nippon Express has expanded its warehouse facilities located in Pataudi, Haryana and Delhi's Indira Gandhi International Airport, India. The NX Group has identified "establishing a greater presence in India" as one of its growth strategies in its medium-term NX Group Business Plan 2028, and it has opened new warehouses and augmented existing facilities, among various other steps, to strengthen its supply chains. The Group has recently expanded two warehouses to further enhance its logistics services in India.

NX India's warehouse in Pataudi, near Gurugram, Haryana, was expanded in February to approximately 9,200 m2 of warehouse space to meet growing customer demand. The warehouse is equipped with a state-of-the-art fire alarm system, sprinklers, dock levellers, and other equipment for safe, secure, and efficient operations. This expansion will enable NX India to provide high-quality services to more customers.

The warehouse at Indira Gandhi International Airport handles transit cargo at the airport, provides support for removals operations, and performs customs clearance. In response to the increase in the volume of cargo handled over the past few years, the warehouse and its office space were enlarged by a factor of 1.5 times in January.

With these cutting-edge warehouse facilities, NX India is now ready to offer more finely-tuned responses to customer needs immediately.

The NX Group will be further improving its logistics functions in India as well as international transport services utilizing its global network to help customers enhance their business activities and thereby realize its long-term vision of becoming a logistics company with a strong presence in the global market.

Logicor and Solo, a leading producer and distributor of personalised promotional products, have started construction of a new logistics hub to be developed in Bràfim, Tarragona, Spain, in Barcelona’s second logistics ring. The Build-to-Suit (BTS) property will boast an area of 28,000 m2 and offer excellent links to the AP-2 highway, thanks to its strategic location.

Solo, will move into its new Spanish premise upon completion of the construction work, expected in Q2 2026. In developing this asset, Logicor supports Solo in growing its production capacity across the country creating a new centre which will employ more than 250 people in the area.

Catalonia is one of Logicor’s strategic locations for 2025. It registered record logistics take-up of over 710,000 m2 in 2024, significantly higher than the average for the last decade.

The facility will be constructed on a plot spanning over 44,000 m2, and this Build-to-Suit (BTS) asset will be fully customised to meet all of Solo’s production needs. It will also offer the highest possible sustainability and safety standards, with BREEAM Excellent accreditation, stormwater tanks to reuse rainwater, LED lighting system, 12 charging points for EVs and a parking area for bicycles.

The building will also have rooftop photovoltaic panels with a total generation capacity of 900 kWp.

KLN Logistics Group has opened a new 5,667 m2 bonded logistics facility in the Netherlands by upgrading its Hoofddorp site to a new warehouse and processing facility, in order to boost its capabilities in the Europe, the Middle East and Africa (‘EMEA’) region and meet the rising demand for eCommerce capacity.

Riding on the growing eCommerce demand, the Hoofddorp facility has allocated 40.0% of its operations specifically for eCommerce shipments. With a dedicated warehouse and six loading docks, it enables KLN to provide customers with comprehensive solutions, including customs clearance, cross docking, bonded storage, pick and pack, e-fulfilment, and distribution.

The new facility will enhance the Company’s operational capacity in the Netherlands and the EMEA region. Its team is eager to transition to this new facility, which is easily accessible and equipped with state-of-the-art technology.

The Hoofddorp facility is located less than 30 kilometres from Amsterdam and under 60 kilometres from Rotterdam, strategically positioned between Schiphol Airport, one of Europe’s busiest airports, and Port of Rotterdam, Europe’s largest seaport. It is also KLN’s newest addition in the Netherlands, complementing existing facilities in Rotterdam and Middelharnis.

Deichmann, a leader in the European footwear retail market, has renewed its lease for 21,000 m2 of warehouse space at Prologis Park Wrocław III. The two companies have been partnering since 2011.

The Deichmann logistics centre in Prologis Park Wrocław III is equipped with a modern cross-docking sorting system, ensuring efficient distribution of goods across CNEE markets.

The Deichmann warehouse at Prologis Park Wrocław III is equipped with modern technological solutions that improve working conditions and energy efficiency, leading to lower operational costs in the long run. Among them is the LED lighting system, which not only reduces electricity consumption but also enhances working conditions in the facility. Additionally, a heat pump in the office space of the building ensures optimal indoor temperatures while helping to reduce CO2 emissions. Technologies designed with sustainability in mind support the long-term goals of both companies.

The decision to extend the lease agreement in the current location is consistent with the logistics strategy adopted by Deichmann for this region. The location of the logistics centre in Prologis Park Wrocław III allows it to efficiently serve an expanding retail network across all CNEE countries. The decision was significantly influenced by the beneficial synergy of running distribution logistics and an online store in this location.

An important condition for extending the lease agreement was the expansion and adaptation of office space and common areas for employees.

Prologis Park Wrocław III is situated just 10 km from Wrocław’s city centre and only 4 km from Wrocław-Starachowice International Airport, which offers direct flights to Warsaw, Frankfurt, Vienna, Copenhagen, Munich, and Amsterdam. The Wrocław A8 bypass runs near the logistics centre, providing excellent connectivity to Warsaw. The park also has good access to the A4 motorway, which is part of the international E-40 route.

Prologis Park Wrocław III also offers numerous amenities for employees, including public transport stops located directly next to the facility, ample parking spaces, and a dedicated food truck zone within the complex.

Frigo Logistics’ freezer warehouse in Radomsko is to gain an additional 4,800 m2. Following the expansion, the facility will become the largest distribution centre of Frigo Logistics in Poland.

The expansion of the facility in Radomsko is being carried out in response to the Company's growing portfolio and the growing market demand for the availability of specialised storage space for food products requiring controlled temperatures.

Thanks to the expansion, 16,000 additional pallet spaces will be created in the warehouse. Ultimately, the Company targets obtaining a storage area corresponding to 40,000 places. The office space of the building will also be expanded. The work will be undertaken without disrupting the division's current operations.

The project implemented in Radomsko will allow the freezer warehouse to be equipped with new, mobile high-bay racks and to store pallets on seven rack levels (so far, the height of the buildings allowed storage on five levels).

The expanded facility, serving customers in the southern part of the country, is expected to begin its enlarged operations in December this year.

The investment is one of the Company’s most important projects for 2025. Over the last three years, it has gradually improved service levels and raised operational capacity. Having completed a freezer warehouse in Żnina and constructed a new distribution centre in Nowy Dwór Mazowiecki, the extension of the Radomsko operations will increase operational capacity further.

RK Logistics has expanded its Customs Bonded Warehouse and Foreign Trade Zone (FTZs) capacity in California, Texas, Arizona, New York, and Michigan, US. Backed by over 15 years of tariff management experience, this additional capacity enhances RK Logistics' ability to deliver efficient, secure, and compliant logistics solutions for global trade.

The new facilities bolster RK Logistics' service offerings by providing additional customs bonded warehousing capacity, enabling clients to store imported goods without immediate duty payments. The expanded FTZs will allow businesses to defer, reduce, or eliminate customs duties, streamline operations, and optimise cash flow for goods entering domestic and international markets.

Equipped with advanced inventory management systems, robust security, and full compliance with US Customs Service regulations, these facilities ensure seamless operations for industries such as technology, automotive, aerospace, and consumer goods. RK Logistics' deep expertise in tariff management further empowers clients to optimise duty costs and maintain compliance in an ever-evolving regulatory environment.

India’s rapid rise from the world’s 10th-largest economy to its 5th in just a decade is reshaping global trade and supply chains. With projections from the International Monetary Fund placing India in the No. 3 spot by 2027, Prologis is expanding its portfolio of modern logistics facilities in the country, aligning with its global growth strategy and the increasing demand for high-quality, scalable infrastructure.

As global companies rethink supply chains to improve resilience, India is emerging as a critical logistics and manufacturing hub. A rising consumer class, a surge in eCommerce and regulatory reforms – such as the Goods and Services Tax – are fuelling demand. At the same time, government spending on infrastructure and supply chain modernisation is accelerating the country’s transformation into a strategic node in global trade.

As demand grows for logistics solutions that are faster, greener and more adaptable, Prologis is expanding in India to stay close to its customers. It is targeting key consumption centres, including Delhi, Mumbai, Pune, Bengaluru and Chennai, where activity in eCommerce, retail and manufacturing continues to rise.

Prologis is looking to grow its India presence through a mix of new developments, acquisitions and joint venture. It is open to buying existing assets that meet its standards and it is actively pursuing strategic partnerships to accelerate that growth.

Overall, it has secured 557,420 m2 of development potential in India:

> Hoskote Project: A 30-acre acquisition in North-East Bangalore, a well-established logistics and manufacturing hub with low vacancy.

> Chennai Multi-Phase Development: A 200-acre site set to become a 408,775 m2modern logistics park—our flagship development in India and one of the country’s largest contiguous logistics sites.

> Hosur Project: A 74,325 m2 development on 36 acres, marking our first project in the Hosur industrial submarket of South Bangalore.

As India’s logistics landscape evolves, the Company is betting that its global playbook, combining infrastructure with services, can deliver long-term value. Its approach goes beyond modern warehouses, offering a full suite of logistics solutions tailored to a fast-growing market. With the world’s largest population and a regulatory environment that increasingly supports digital growth and investment, India is positioning itself as a major global hub for consumption and distribution, and Prologis aims to be a partner in powering that transformation.

Locus Robotics has surpassed the 5.0 billion units picked milestone across its global customer deployments. In a powerful display of industry momentum and customer-driven growth, Locus achieved this key milestone just 24 weeks after reaching its 4.0 billionth pick in October 2024.

This rapid acceleration highlights the transformative impact of Locus's mobile automation technology and the growing urgency among global brands to modernise their fulfilment operations to deliver consistent high productivity.

The Company's previous pick-rate milestones illustrate its exponential growth:

1 Billion Picks: September 2022
2 Billion Picks: August 2023
3 Billion Picks: April 2024
4 Billion Picks: October 2024
5 Billion Picks: April 2025

Locus's innovative mobile robotics automation now powers operations in over 350 sites across around the world, supporting industries from retail and e-commerce to healthcare and 3PLs.

The Company's continued momentum is supported by its investment in innovation, including continued breakthroughs in robotic automation, AI-driven fleet orchestration, the Company's continued leadership in robotic automation, and its pioneering application of Physical AI to real-world logistics challenges and global supply chain transformation.

The national logistics centre in Neu-Isenburg is part of an extensive initiative by the REWE Group, which aims to ensure a faster, more efficient, and high-quality supply of goods for REWE store customers in the long term by optimising the warehouse network. As part of this initiative, the logistics centre is being equipped with innovative technology.

In this regard, the food retailer has chosen to work with the WITRON Group to implement the fully automated OPM system. In the future, the logistics centre in Neu-Isenburg will supply 2,200 stores with 16,700 different dry goods and pick more than 640,000 cases on a peak day.

As part of a comprehensive re-organisation initiative, a semi-automated Case Picking System with aisle-bound picking cranes will be replaced by a fully automated Order Picking Machinery (OPM). The end-to-end integration of the new solution into the already existing material flow infrastructure takes place during ongoing operations.

From Q3/2027, 22 COM machines will stack 247,500 cases daily onto pallets and roll containers in a store-friendly and error-free manner. A tray warehouse including 167,900 storage locations and 48 stacker cranes is located upstream. Replenishment is sourced from an existing automated pallet warehouse with 65,500 storage locations, which will be expanded by two additional aisles, adding to a total of 9,500 storage locations.

As a lifetime partner, WITRON is responsible for the design, implementation, and the on-site service of the extensive logistics expansion in Neu-Isenburg. All IT, PLC, and mechanical components are developed at WITRON’s headquarters in Parkstein. In addition to the material flow design, WITRON was also involved in the conception of the transition strategy, which outlines the seamless supply of the stores during the restructuring phase. WITRON also supported the selection of a reliable recycling partner who would take care of the professional dismantling and disposal of the logistics technology that would no longer be used in the future.

CEVA Logistics, ENGIE and Sanef, partners in the European Clean Transport Network (ECTN) Alliance, have opened the first motorway relay station at the Sommesous service area (A26) to decarbonise long-distance road freight transport. The deployment of electric trucks in the ECTN pilot project between Avignon and Lille accelerates the decarbonisation of road transport.

The ECTN Alliance’s concept comes from three major French groups, CEVA Logistics, energy company ENGIE and motorway operator Sanef, whose combined expertise provide a concrete response to the urgent need of decarbonizing road transport. The entire concept is based on reimagining the way goods are transported via long-distance trucking, rather than relying solely on technological innovation.

The ECTN concept is inspired by the same model leveraged by the historic pony express mail system, with relay stations for low-carbon, heavy goods vehicles directly located near the motorway network. Upon arrival at the relay station, drivers drop their trailers, which are then hooked up to a truck making the next segment's journey. Electric trucks are recharged at the stations during the trailer transfer process.

With this model, truck drivers no longer need to travel long distances and can make daily round-trip routes on defined road segments. Since November 2023, the terminal network concept has been tested on a 900-kilometer corridor between Avignon and Lille in France. This corridor is divided into four motorway segments and includes five relay stations in Avignon (Vaucluse), Lyon (Rhône), Dijon (Côte-d'Or), Sommesous (Marne) and Lille (Nord). Because of its simplicity, the system can be quickly deployed and easily replicated across the country.

Among the numerous ways to decarbonise road transport, switching to electric vehicles remains a priority. Electric vehicles are the obvious alternative for heavy goods vehicles, as described in the ADEME's 2050 transition scenarios. Using electric trucks on motorway segments of approximately 300 kilometres makes it possible to circumvent operational range constraints. The ECTN model allows for the maximised use of the trucks and their charging infrastructure, with the annual mileage travelled by the trucks nearly double compared to diesel trucks.

After sixteen months of testing the ECTN project in real conditions — with low-carbon heavy goods vehicles traveling over one million kilometres— the initial results prove the ECTN solution has numerous advantages.

In terms of decarbonisation, GHG emissions have been cut by 4x on the motorway section between Lille and Avignon. The primary loop between two relay stations allows for a single low-carbon truck to replace two traditional diesel trucks.

Freight transit time is optimised. The standard transit time between Avignon and Lille is 23 hours and it has been reduced to 17 hours, which represents a 25.0% reduction in travel time.

The principle of fixed daily round trip routes of only a few hundred kilometres with regular schedules improves the working conditions of truck drivers and contributes to the attractiveness of the truck driving profession, something important given current widespread driver shortages.

Finally, with the installation of relay stations at existing service areas frequented by heavy goods vehicles, ECTN does not require additional land needs.

The ECTN solution can be quickly deployed and easily expanded, opening the prospect for deployment on a European scale (as indicated by the feasibility study carried out with Carbone 4). The results of this study validate the environmental, economic and social interest of the ECTN model as a true decarbonization accelerator in long-distance road transport.

The study highlights that a European network of 190 terminals on or near motorways would result in a charging station network spanning every 300 kilometres. The project would accelerate the transition from diesel to electric vehicles and significantly contribute to the GHG emission reduction targets set by the European Union.

While the ECTN concept is part of a co-construction approach with stakeholders (carriers, charging operators, energy companies, motorway concessionaires, truck drivers, truck manufacturers), its deployment on a larger scale will involve the electrification of vehicle fleets, as well as the deployment of charging infrastructure on major roadways. The financing and construction of the required relay stations will require the support of public authorities.

Schoeller Group, a specialist in reusable systems, and the logistics company FIEGE have become partners in Multiloop, a joint venture that develops reusable packaging for shipping in eCommerce, giving online sellers a budget-friendly option to sustainably lower their ecological footprint.

Schoeller Group and FIEGE, together with Leif Erichson, the former President Europe of the fashion brand Esprit, and the serial entrepreneur Elias Kuby, have formed Multiloop as a joint venture. In contrast to conventional cardboard boxes that dominate the eCommerce sector, Multiloop uses durable, reusable packaging made from recyclable, water-repellent polypropylene. On average, a reusable Multiloop box replaces 30 disposable boxes, reducing up to 86.0% of CO2. At the end of their lifecycle, the packaging is recycled and used to produce new Multiloop boxes.

Multiloop's reusable parcel boxes and envelopes replace up to 30 single-use cartons and are available in different sizes for almost any shipment. (Photo: Multiloop)

End customers only pay a deposit which is, of course, fully refunded when returning the packaging. The strategic USP that distinguishes this from the competition is a uniquely convenient returns systems for which the venture plans to set up around 15,000 return points at supermarkets, petrol stations and kiosks. The packaging is optimised for logistical purposes which means there is almost no implementation effort for online sellers. Add to this that Multiloop is using an attractive pay-per-use model which every online seller will be able to afford.

ABB India is using EVs to cut its Scope-3 emissions in Bengaluru, setting a new standard for sustainable operations. The Company’s Electrification (EL) and Motion (MO) commercial operations are now using EVs to transport finished goods and raw materials between their factory and distribution centre and for last-mile deliveries across Bengaluru.

The initiative was launched at the Company’s Smart Power factory campus in Nelamangala and at their distribution centre in Hanchipura.

By adopting EVs into their supply chain operations, ABB aims to strengthen its strategy to promote environmental responsibility and operational efficiency. It believes that integrating electric mobility into everyday logistics can set a new benchmark for industries aiming to lower their carbon footprint.

Agility Global announced that three warehouses at the Agility Logistics Parks (ALP) facility in Maputo are the first in Mozambique to receive EDGE Advanced certification as energy- and resource-efficient green buildings.

EDGE (Excellence in Design for Greater Efficiencies) is the global standard for energy-efficient buildings, a certification system overseen by the International Finance Corp. (IFC), an arm of the World Bank. Basic EDGE certification requires a minimum projected reduction of 20.0% energy use, water use and “embodied energy” in materials when benchmarked against a standard local building.

The ALP warehouses in Maputo are the first warehouses in Mozambique to receive EDGE Advanced certification. In addition to the ALP Mozambique warehouses, Agility Logistics Parks warehouses in Riyadh, Saudi Arabia, and Abidjan, Cote d’Ivoire also have earned EDGE Advanced certification.

Agility Logistics Parks – Mozambique received EDGE Advanced certification for the 14,000 m2 Warehouse 1; 9,000 m2 Warehouse 2; and 9,000 m2 Warehouse 3 at its 320,000 m2 Maputo park.

EDGE Advanced buildings are “zero-carbon ready” structures that are at least 40.0% more energy efficient than others in the market. When compared with others in the market, ALP’s EDGE Advanced warehouses in Maputo provide energy savings of more than 62.7%; water savings of 40.0%+ and construction materials containing 68.0%+ less embedded carbon.

Agility Logistics Parks are secure, connected, 24/7 complexes with Grade A and Grade B, international-standard warehouses designed with advanced engineering and sustainability features. In addition to the 320,000 m2 park in Maputo, Agility Logistics Parks has a 470,000 m2 park in Abidjan, Cote d’Ivoire; a 160,000 m2 facility in Accra, Ghana; a 270,000 m2 park in Lagos, Nigeria; as well as the 270,000 m2 Yanmu East logistics park in Cairo, Egypt, part of a joint venture with Hassan Allam Utilities.

The growing network of Agility warehouse parks is aligned with the significant opportunities being created by the expanding population, rapid urbanisation and burgeoning consumerism in Africa, Initiatives such as the AfCFTA, trade digitisation, mobile banking and data access are improving and expanding African trade both regionally and internationally. Tenants at Agility Logistics Parks include international and local businesses in the FMCG, eCommerce, technology, automotive, and natural resource sectors.

DHL Express and Sagawa Express Co., Ltd., a leading express shipping company in Japan, have signed a GoGreen Plus agreement. Sagawa Express is expected to reduce greenhouse gas emissions associated with its express shipments by around 10.0% through DHL Express’s GoGreen Plus service using sustainable aviation fuel (SAF).

Sagawa Express will leverage DHL Express network to support customers on their shipping needs through its shipping service, Hikyaku Global Express. Powered by the DHL Express network, this service ensures fast delivery to over 220 countries and territories worldwide. SG Holdings Group, the holding company of Sagawa Express, aims to achieve carbon neutrality (net-zero carbon dioxide emissions) by 2050. The new GoGreen Plus deal is part of the Company's decarbonisation efforts toward this goal.

Sagawa Express and DHL share the same vision of achieving net-zero greenhouse gas emissions by 2050. DHL Express Japan hope to continue contributing to the reduction of its environmental impact by working with more like-minded partners.

The Board of Directors of Aramex has accepted the resignation of Othman Al- Jeda, Group Chief Executive Officer (CEO) for personal reasons, following 31 years with the Company. It has appointed Nicolas Sibuet, Chief Financial Officer, as Acting Group CEO effective 24 April 2025.

To ensure a smooth transition, it appointed Nicolas Sibuet, the Chief Financial Officer, to serve as Acting Group CEO, effective 24 April 2025. Nicolas joined Aramex in January 2022 as Chief Financial Officer and is a trusted leader. Nicolas brings 30 years of experience across the logistics, shipping, oil & gas, and aviation industries with a proven track record of leading companies towards transformational growth.

The Board of Mahindra Logistics Ltd. (MLL), one of India's largest integrated logistics solutions providers, has appointed Hemant Sikka as Additional Director and as MD & CEO designate for MLL with effect from 22 April 2025. Hemant will take over as MD & CEO from 05 May 2025.

Hemant’s appointment is consequent to Ram Swaminathan’s decision to resign from MLL to pursue other professional interests. Ram joined MLL on 18 July 2019 as CEO designate. He was appointed as CEO of MLL effective 01 October 2019 and as MD & CEO from 04 February 2020.

Under Ram’s leadership MLL has emerged as a leading integrated logistics provider in India. Despite the challenges of the Covid 19 pandemic, the Company has doubled revenues in the last four years. The Company has made a shift towards integrated solutions, and has expanded into cross border, express and last mile segments. MLL has established a nationwide presence, leading-edge technology capabilities and a significant sustainability portfolio, positioning it well for the future. 20 July 2025 will be Ram’s last day with MLL.

Hemant has been the President Farm Equipment Sector (FES) within M&M’s Auto & Farm Sector, since April 2020. In this role he led the Tractor and Farm Machinery business globally. As the largest farm tractor company in the world by volume, Mahindra FES commands a domestic market share upwards of 43.0% in India, with a strong on-ground presence in the US, Japan, Turkey, Finland and Brazil, with flagship brands like Mahindra, Swaraj, and Erkunt. During his tenure, tractor market share went up by 210 basis points and FES revenue grew by over 60.0% and profits more than doubled.

Over a career in the Group spanning about 25 years, Hemant has held several key positions including President and Chief Purchase Officer of AFS, Head of Purchase for SsangYong Motors, and Head of Manufacturing – Mahindra Automotive Sector. Prior to joining Mahindra, Hemant spent nine years with Maruti Suzuki.