DHL Group had a successful start to 2026 despite geopolitical disruptions and ongoing trade tensions. On an organic basis, Group revenue increased by 2.0% in the first quarter. Primarily by currency effects, reported revenue declined by 1.9% year-over-year to €20.4 billion. Active capacity management, structural cost improvements and yield measures resulted in a significant operating profit (EBIT) increase of 8.3% to €1.5 billion. Earnings growth and improved efficiency are also reflected in the EBIT margin, which improved by 0.7 percentage points year-on-year to 7.3%.

Capital expenditure on acquired assets (Capex) totalled €518.0 million, up 12.4% year-over-year. Most of the increase reflected investments in the Supply Chain and Post & Parcel Germany divisions. Free cash flow (excluding M&A) rose 65.0% to €1.2 billion. DHL Group reported Group net profit attributable to non-controlling interests of €812.0 million, an increase of 3.3% year-over-year.

DHL Express:
Revenue declined 1.9% to €6,011.0 million
EBIT increased 20.6% to €799.0 million
EBIT margin rose to 13.3% from 10.8%

DHL Express delivered another quarter of earnings and margin growth, driven by active capacity management, strict cost discipline, and effective yield management. Through flexible network adjustments, the division was able to respond to the geopolitical impacts of the Middle East conflict and maintain service for its customers. Conflict related cost increases are expected to be largely offset over time through established pricing and surcharge mechanisms.

DHL Global Forwarding:
Revenue declined 5.0% to €4,527.0 million
EBIT decreased 18.5% to €164.0 million
EBIT margin fell to 3.6% from 4.2%

Revenue in the DHL Global Forwarding division declined due to lower freight rates. Excluding negative currency effects of €129.0 million, revenue was 2.3% below the prior year level. Air freight volumes increased 3.8%, driven primarily by trade lanes originating from Asia and Latin America. Ocean freight volumes rose by 2.0% year-over-year, with growth particularly strong on trade routes from Asia to Europe.

DHL Supply Chain:
Revenue increased 2.8% to €4,502.0 million
EBIT increased 3.1% to €276.0 million
EBIT margin was unchanged at 6.1%

DHL Supply Chain achieved good organic revenue growth of 5.7%. New business wins, contract renewals, and the ongoing expansion of eCommerce activities contributed to the improvement in revenue. The sustained earnings growth is driven, among other factors, by productivity gains resulting from digitalisation, automation, and standardisation.

DHL eCommerce:
Revenue declined 11.1% to €1,560.0 million
EBIT decreased 4.9% to €50.0 million
EBIT margin increased to 3.2% from 3.0%

The revenue of the DHL eCommerce division includes negative currency and one-off effects. Since the merger with Evri was accounted for at the end of September 2025, no revenue contribution from the UK has been reported. Combined with unfavourable currency effects, this resulted in a decline in revenue. On an organic basis, revenue increased by 4.9%. Operating profit remained largely stable.

Post & Parcel Germany:
Revenue climbed 1.7% to €4,502.0 million
EBIT decreased 5.8% to €264.0 million
EBIT margin decreased to 5.9% from 6.3%

The positive revenue development at Post & Parcel Germany was driven by yield measures and higher volumes in domestic and international shipments of small-format goods. The German letter business declined as expected, resulting in a negative earnings impact. Growth in parcel volumes was not sufficient to fully offset declining mail volumes and higher transportation and staff costs at the operating result level.

Looking ahead, the Group expects geopolitical uncertainties to persist throughout 2026. DHL Group will continue to focus on efficiency improvements and investments for future growth. For the financial year 2026, the Group confirms its guidance and continues to anticipate an operating profit above €6.2 billion and a free cash flow (excluding M&A) of around €3.0 billion.

XPO has announced its financial results for the first quarter 2026. The Company reported a strong start to 2026, with 15.0% growth in adjusted EBITDA, year-over-year, marking an acceleration in performance and reflecting the momentum it is building across the business.

In North American LTL, XPO increased adjusted operating income by 20.0% year-over-year and improved its adjusted operating ratio by 200 basis points to 83.9%, significantly outperforming seasonality. This was supported by profitable market share gains and above-market pricing growth earned through continuous service improvements. XPO reduced its damage claims ratio to less than 0.2%, with damages at a record low. And it surpassed its productivity targets by leveraging AI to operate its network more efficiently.

XPO is continuing to deliver robust incremental margins and industry-leading operating ratio improvement, with the greatest upside still ahead. It has a clear path to compounding earnings growth and accelerating free cash flow generation, with returns amplified as freight demand recovers.

For the first quarter 2026, the Company generated revenue of US$2.10 billion, up 7.3% compared with US$1.95 billion for the same period in 2025. Operating income was US$174.0 million for the first quarter, up 15.2% compared with US$151 million for the same period in 2025. Net income was US$101.0 million for the first quarter, an increase of 46.4% compared with US$69.0 million for the same period in 2025.

The Company generated US$183.0 million of cash flow from operating activities in the first quarter and ended the quarter with US$237.0 million of cash and cash equivalents on hand, after completing US$104.0 million of net capital expenditures, US$30.0 million of common stock repurchases, and US$30.0 million of term loan repayments.

> North American Less-Than-Truckload (LTL)

The segment grew revenue to US$1.23 billion for the first quarter 2026, up 4.9% compared with US$1.17 billion for the same period in 2025. On a year-over-year basis, yield, excluding fuel, increased 4.0%, shipments per day increased 3.0%, and tonnage per day increased 0.1%. Operating income increased to US$189.0 million for the first quarter, up 19.6% compared with US$158.0 million for the same period in 2025.

> European Transportation

The segment grew revenue to US$868 million for the first quarter 2026, up 11.0% compared with US$782.0 million for the same period in 2025. Operating income was a loss of US$6.0 million for the first quarter, compared with income of US$1.0 million for the same period in 2025.

> Corporate:

The segment generated an operating loss of US$9.0 million for the first quarter 2026, consistent with the same period in 2025.

Logista has presented its financial results for the first semester of financial year 2026, spanning from 01 October 2025 to 31 March 2026. Throughout this period, the Company recorded total revenues of €6.594 billion, which represents a growth of 2.6% compared to the same period of last year, driven primarily by growth in the regions of Iberia and Italy, which grew by 3.6% and 6.3%, respectively.

Excluding inventory revaluation, adjusted EBIT grew at a mid-single-digit rate compared to 2025, in line with the Company’s guidance. Including this effect, adjusted EBIT reached €195.0 million, representing a decrease of 3.5% versus the first semester of the previous financial year. In particular, Economic Sales reached €904.0 million, representing a 1.3% decrease year-on-year.

In addition, EBIT reached €159.0 million, an 8.6% reduction compared to the same period of 2025, while net profit was €136.0 million, or a 9.9% YoY decrease, mainly as a consequence of a lower contribution of the inventory revaluation.

In Iberia (Spain, Portugal, the Netherlands and Belgium), revenues in the region reached €2.551 billion, or a 3.6% increase compared to the same period of the previous financial year, while Economic Sales stood at €583.0 million, following a 2.9% reduction as a result of a lower contribution of inventory revaluation during this period.

In Italy, revenues reached €2.38 billion, which represents a growth of 6.3% versus 2025, and Economic Sales stood at €222.0 million, or an increase of 4.1%, thanks to improved fees and increased sales of next-generation products and new added-value services.

In the region of France, revenues were €1.694 billion, which is 3.4% less than in the same period of 2025, while Economic Sales stood at €102.0 million, following a 3.0% drop caused mainly by a reduction in the volumes distributed throughout the country.

In line with its strategic plan, Logista’s main focus is to provide additional growth and increase diversification of its current business base. The Company continues to analyse opportunities to acquire complementary and synergistic businesses. In any case, the sustainability of the dividend remains a priority for Logista. In this regard, the Company maintains its commitment to distribute a dividend which is at least equal to those of 2024 and 2025, of €2.09/share, throughout fiscal year 2026.

In a challenging environment, Logista continue to optimise its processes and implement measures to improve the efficiency of its operations within all its business lines.

Schneider National, Inc. announced results for the three months ended 31 March 2026. Operating revenues were US$1.4 billion, down 0.2% from Q1, 2025. Income from operations for Q1, 2026 was US$33.4 million, a decrease of US$8.7 million, or 21.0%, compared to the same period in 2025.

Truckload revenues (excluding fuel surcharge) for Q1, 2026 were US$618.0 million, an increase of US$4.3 million, or 1.0%, compared to the same period in 2025. The increase was driven by improved Network productivity and, to a lesser extent, an increase in price for both Network and Dedicated, partially offset by lower Dedicated volume. Truckload revenue per truck per week was US$4,051, up US$98, or 2.0%, compared to Q1, 2025, reflecting improvements in both Network and Dedicated. Truckload income from operations was US$20.2 million in Q1, 2026, a decrease of US$4.9 million, or 20.0%, compared to the same period in 2025. The decline was driven by higher maintenance costs, lower gains on sale of assets, and increased fuel expense, partially offset by improved productivity within Network and price. Truckload operating ratio was 96.7% in Q1, 2026 compared to 95.9% in Q1, 2025, an increase of 80 basis points.

Intermodal revenues (excluding fuel surcharge) for Q1, 2026 were US$253.5 million, a decrease of US$6.9 million, or 3.0%, compared to Q1, 2025. The decline was driven by a 4.0% decrease in revenue per order, reflecting shorter length of haul, partially offset by an increase in volume. Intermodal income from operations for Q1, 2026 was US$10.9 million, a decrease of US$2.9 million, or 21.0%, compared to Q1, 2025. The decrease was driven by lower revenue per order and higher maintenance costs, partially offset by volume growth and reduced purchased transportation, salaries and wages related to headcount actions, and equipment costs. Intermodal operating ratio was 95.7% compared to 94.7% in Q1, 2025, an increase of 100 basis points.

Logistics revenues (excluding fuel surcharge) for Q1, 2026 were US$312.3 million, a decrease of US$19.7 million, or 6.0%, compared to Q1, 2025, primarily due to lower brokerage volume, partially offset by higher revenue per order. Logistics income from operations for Q1, 2026 was US$6.5 million, a decrease of US$1.6 million, or 20.0%, compared to Q1, 2025. The decline was driven by lower brokerage volume, partially offset by higher net revenue per order and lower salaries and wages resulting from headcount actions. Logistics operating ratio was 97.9% in Q1, 2026, compared to 97.6% in Q1, 2025, an increase of 30 basis points.

First quarter results ended in-line with expectations despite some challenges in the form of fuel volatility and weather disruption. In Q1, the Company saw the impact of structural supply rationalisation which is driving the market toward more normal conditions. As freight fundamentals return to more rational cycle dynamics, the Company expect the benefits of its efforts to structurally improve the business through this downcycle will be increasingly evident. These efforts are now being complemented by measures being taken to capitalise on early cycle tailwinds, such as leveraging elevated spot exposure in Truckload Network and Logistics, maintaining a disciplined approach to contract acceptance and rate recovery, and growing over-the-road conversion opportunities for Intermodal.

Looking ahead, the Company remains confident that 2026 will see the benefits of its initiatives and the positive impact of supply rationalisation. While demand trends have been relatively stable to-date, macro uncertainty has grown. Demand remains a critical swing factor for the pace and magnitude of market improvement from here.

C.H. Robinson Worldwide, Inc. has reported financial results for the quarter ended 31 March 2026. The Company continues to deliver secular earnings growth driven by market share gains, disciplined revenue management, a cost of hire advantage versus the market, and evergreen productivity improvements fuelled by its Lean AI strategy

Total revenues decreased 0.8% to US$4.0 billion, primarily driven by lower volume in the ocean and truckload services and lower pricing in ocean services. This was partially offset by higher pricing in truckload and less than truckload ("LTL") services. Gross profits decreased 1.6% to US$646.6 million. Operating expenses decreased 2.3% to US$484.8 million. Personnel expenses increased 1.2% to US$352.7 million, primarily due to higher restructuring charges related to workforce reductions. This was partially offset by cost optimisation efforts and productivity improvements. Average employee headcount declined 12.3%. Income from operations totalled US$175.7 million, down 0.7% due to the decrease in adjusted gross profit and higher restructuring charges, partially offset by the decrease in operating expenses.

North American Surface Transportation ("NAST") total volume was flat year-over-year compared to a 6.2% decline in the Cass Freight Shipment Index

The North American trucking market has entered a period of supply-driven tightening. As that has occurred, the Company says it has heard old tapes being replayed regarding which transportation providers benefit most during certain parts of the truckload cycle. But those storylines don't fully appreciate the secular earnings growth that has consistently been generated at the new C.H. Robinson regardless of market conditions.

Q1, 2026 was another example of this, as the Company continued to outperform by opportunistically capturing transactional volumes at higher margins as the industry’s tender rejection rates increased, by continuing to exercise disciplined revenue management practices, by repricing some of its contractual business in a very targeted fashion, and by continuing to widen its cost of hire advantage, all of which have improved as the Company implemented its Lean operating model. This enabled it to optimise its adjusted gross profit per truckload shipment and maintain its NAST gross margin despite having to absorb the elevated cost of capacity. Additionally, it gained market share in the NAST business for the 12th consecutive quarter and continued to deliver evergreen productivity improvements across the business.

Over the past year, the Company has consistently said that it is not immune to macroeconomic conditions or an inflection in spot costs, but that it is managing those conditions better than it has in the past and better than its competitors. Its first quarter performance puts another check mark on its say-do scorecard.

The ability to consistently outperform over the last two plus years is a result of focusing on controlling what it can control and the strength of its Lean AI strategy. Lean AI is its unique, disciplined approach to AI innovation that is transforming supply chains. It combines the principles of its Robinson operating model – rooted in Lean methodology – with the power of custom-built AI, and the expertise of its people, to maximise value, minimise waste, and drive better outcomes for customers and carriers. As the Company continue to purposefully engineer its work to drive higher automation, an industry-leading cost to serve and improved customer outcomes, all of this is aimed at building the best model for demonstrable outgrowth while continuing to have industry-leading operating margins.

> North American Surface Transportation (“NAST”) Results

First quarter total revenues for the NAST segment totalled US$2.9 billion, an increase of 2.8% over the prior year, primarily driven by higher pricing in truckload and LTL services. NAST adjusted gross profits increased 3.0% in the quarter to US$431.1 million. Adjusted gross profits in truckload decreased 1.9% due to a 3.5% decrease in volume, which was partially offset by a 1.5% increase in adjusted gross profit per shipment. The average truckload linehaul rate per mile charged to customers, which excludes fuel surcharges, increased approximately 11.0% in the quarter compared to the prior year, while truckload linehaul cost per mile, excluding fuel surcharges, increased 13.0%, resulting in a 1.0% increase in truckload adjusted gross profit per mile. LTL adjusted gross profits increased 10.5% versus the year-ago period, driven by an 8.5% increase in adjusted gross profit per order and a 2.0% increase in LTL volume. Total NAST truckload and LTL volume was flat versus the year-ago period and outpaced the market indices. Operating expenses increased 4.1%, primarily due to restructuring charges related to workforce reductions in the current year, partially offset by cost optimisation efforts and productivity improvements. First quarter average employee headcount was down 10.0% year-over-year. Income from operations increased 1.0% to US$145.1 million.

> Global Forwarding Results

First quarter total revenues for the Global Forwarding segment decreased 14.2% to US$664.7 million, primarily driven by lower volume and pricing in ocean services. Adjusted gross profits decreased 12.1% in the quarter to US$162.3 million. Ocean adjusted gross profits decreased 22.1%, driven by a 12.5% decrease in adjusted gross profit per shipment and a 10.5% decline in shipments. Air adjusted gross profits decreased 0.5%, driven by a 15.0% decline in metric tons shipped, partially offset by a 16.5% increase in adjusted gross profit per metric ton shipped. Customs adjusted gross profits increased 20.0%, driven by a 22.0% increase in adjusted gross profit per transaction, partially offset by a 2.0% reduction in transaction volume. Operating expenses decreased 7.8%, primarily due to cost optimisation efforts and productivity improvements and lower incentive compensation. First quarter average employee headcount decreased 14.8% year-over-year. Income from operations decreased 26.2% to US$31.7 million, and adjusted operating margin declined 380 basis points to 19.5% in the quarter.

> All Other and Corporate Results

First quarter Robinson Fresh adjusted gross profits decreased 0.4% to US$37.5 million driven by margin compression in retail customers. Managed Solutions adjusted gross profits increased 6.3% due to an increase in freight under management.

DSV has reported a solid Q1 performance under challenging market conditions. Earnings remained solid and improved compared to the same period last year, driven mainly by the Schenker acquisition.

The Schenker integration continued the strong momentum with more than 50 countries now integrated or undergoing integration. DSV reiterated the expected synergies in the level of DKK9.0 billion with full financial impact in 2027. For 2026, the Company expect an incremental financial impact of at least DKK4.0 billion, in addition to the synergies realised in 2025. DSV is now 7,000 white-collar employees less than when it started the transaction.

The conflict in the Middle East has added further pressure to customers’ global supply chains, particularly in the Air & Sea division. The Company warned that the market outlook for the year remains uncertain due to potential macroeconomic risks, including the conflict in the Middle East.

DSV reported revenue of DKK70,416.0 million, up 68.9%, or 74.7% including M&A and in constant currencies. Gross profit reached DKK18,903.0 million, an increase of 78.4% compared to the same period last year, while EBIT before special items increased 31.2% to DKK4,855.0 million in Q1, 2026 (both including M&A and in constant currencies). The growth was primarily driven by the contribution from Schenker in addition to a strong performance by Contract Logistics.

Air & Sea reported slightly negative growth of 4.9% in EBIT before special items compared to the same period last year. The performance was impacted by lower average gross profit yields for both segments, due to market dynamics and the dilutive effect from Schenker. Headwind from foreign exchange rates also had an adverse effect on the financial results. Including M&A and in constant currencies, revenue was 47.5% higher at DKK37,728.0 million, gross profit climbed 33.2% to DKK,8093.0 million and EBIT before special items decreased 4.9% to DKK2,668.0 million.

DSV’s air freight volumes grew by 55.0% in Q1, 2026 compared to the same period last year, primarily driven by the contribution from Schenker. Volumes were positively impacted by growth from Technology and Semiconductor customers, notably on the Asia-to-North America and Intra‑Asia trade lanes. On the other hand, declines were observed from Latin America to North America as a result of continued focus on yield management. In the same period last year, volumes were impacted by front loading in advance of trade tariffs.

DSV’s sea freight volumes grew by 50.0% in Q1, 2026 compared to the same period last year, driven primarily by the contribution from Schenker and positive volume development, especially on the Asia-to-Europe trade lane. The growth was achieved despite elevated numbers in the same quarter last year, which were influenced by front-loading of volumes in response to trade tariffs.

Road reported 144.1% growth in EBIT before special items compared to the same period last year. The increase was driven by Schenker, partly offset by lower productivity due to tough winter weather and the Schenker integration process in Germany and the Netherlands, which began in January. Including M&A and in constant currencies, revenue was 128.0% higher at DKK23,299.0 million, gross profit increased 167.5% to DKK5,224.0 million and EBIT before special items increased 144.1% to DKK996.0 million. The increase in revenue was driven by the contribution from Schenker and higher activity within the Technology vertical, partly offset by lower domestic groupage volumes in Europe and lower activity levels within the Automotive vertical.

Contract Logistics saw growth in EBIT before special items of 180.1% compared to the same period last year. The growth was supported by the inclusion of Schenker in addition to strong commercial performance and higher warehouse utilisation, partly driven by consolidation efforts. Including M&A and in constant currencies, revenue was 106.6% higher at DKK12,678.0 million, gross profit rose 120.2% to DKK5,477.0 million and EBIT before special items grew 180.1% to DKK1,264.0 million. The financial performance improved due to commercial progress in key verticals, notably in Technology, which led to higher utilisation levels. DSV remain focused on improving the return on invested capital through ongoing commercial initiatives, optimising and standardising warehouse operations, and further consolidating sites. However, excess capacity from the ramp-up of new facilities continues to create short‑term pressure on utilisation and margins. In addition to the Technology vertical, the Consumer vertical remains a significant area of growth for the division.

Amazon.com, Inc. announced financial results for its first quarter ended 31 March 2026. Net sales increased 17.0% to US$181.5 billion, compared with US$155.7 billion in Q1, 2025. Excluding the US$2.9 billion favourable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 15.0% compared with Q1, 2025.

North America segment sales increased 12.0% year-over-year to US$104.1 billion. International segment sales increased 19.0% year-over-year to US$39.8 billion, or increased 11.0% excluding changes in foreign exchange rates. AWS segment sales increased 28% year-over-year to US$37.6 billion.

Fulfilment costs increased 9.4% in Q1, 2026, to US$27.3 billion. The increase in fulfilment costs in Q1 2026, compared to the comparable prior year period, was primarily due to increased sales and investments in the Company’s fulfilment network, partially offset by operational efficiencies. Changes in foreign exchange rates increased fulfilment costs by US$478.0 million for Q1 2026.

Operating income increased to US$23.9 billion in Q1, compared with US$18.4 billion in Q1, 2025. North America segment operating income was US$8.3 billion, compared with US$5.8 billion in Q1, 2025. International segment operating income was US$1.4 billion, compared with US$1.0 billion in Q1, 2025. AWS segment operating income was US$14.2 billion, compared with US$11.5 billion in Q1, 2025.

Net income increased to US$30.3 billion in Q1, compared with US$17.1 billion in Q1, 2025.

Old Dominion Freight Line, Inc. (ODFL) announced financial results for the three-month period ended 31 March 2026. The financial results reflect a continuation of encouraging trends that started developing late last year. While Q1 revenue decreased on a year-over-year basis, demand for LTL service improved as the quarter progressed.

The improvement in demand, coupled with an ability to consistently deliver superior service to customers, contributed to both the acceleration in LTL volumes and improvement in yield during the quarter. Industry-leading service metrics for the first quarter once again included 99% on-time service and a claims ratio below 0.1%. These service standards form the foundation of a value proposition which ODFL believe will support its ability to win market share over the long term.

Revenue decreased 2.9% to US$1,334.7 million, as compared to Q1, 2025. This decrease was primarily due to a 7.7% 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 the net impact of a 7.9% decrease in LTL shipments per day and a 0.3% increase in LTL weight per shipment. LTL revenue per hundredweight, excluding fuel surcharges, increased 4.4% compared to Q1, 2025, reflecting a long-term, disciplined approach to yield management.

The operating ratio increased by 80 basis points to 76.2% for Q1, 2026, as the increase in overhead costs as a percent of revenue more than offset the improvement in direct operating costs. Overhead costs increased as a percent of revenue primarily due to the deleveraging effect associated with the decrease in revenue as well as an overall increase in general supplies and expenses. Direct operating costs, however, improved as a percent of revenue due to a continued focus on revenue quality and operating efficiencies.

Capital expenditures were US$62.6 million for Q1, 2026. The Company expects its aggregate capital expenditures for 2026 to total approximately US$265.0 million. This total includes planned expenditures of US$125.0 million for real estate and service centre expansion projects; US$95.0 million for tractors and trailers; and US$45.0 million for information technology and other assets.

Old Dominion continued to return capital to shareholders during Q1, 2026 through its share repurchase and dividend programmes. For the quarter, the Company utilised US$88.1 million of cash for its share repurchase programme and paid US$60.5 million in cash dividends.

Against the backdrop of geopolitical uncertainty and rising costs, Logwin made a solid start to the financial year 2026. Performance in the first quarter was marked by a demanding competitive environment.

In the first quarter of 2026, the global economy was influenced by increasing geopolitical risks and recorded only moderate growth. Rising energy prices and heightened uncertainty resulting from the conflict in the Middle East increasingly dampened economic development. Toward the end of the quarter, inflationary pressures intensified.

In Europe, the economic recovery seen in the previous year continued only cautiously and remained vulnerable to external pressures. Germany also showed a weak economic picture: economic momentum developed only slowly and was supported primarily by government stimulus measures.

During the reporting period, the logistics market was characterised by a challenging competitive environment and persistent cost pressure, with rising energy prices placing additional strain on margins. Air and ocean freight rates remained volatile, influenced by geopolitical risks, uncertainties in global trade, and temporary disruptions along key transport routes.

In the first quarter of 2026, the Logwin Group generated revenue of €330.4 million, representing a decrease of 6.7% compared with the prior year (2025: €354.0 million). The Air + Ocean business segment recorded revenue of €271.6 million, 7.0% below the prior year figure of €292.1 million. Despite continuously increasing transport volumes, the decline in freight rate levels compared with the same quarter of the previous year had a dampening effect on revenue development. Revenue in the Solutions business segment amounted to €59.5 million, 4.8% below the prior-year level of €62.5 million. This development was primarily attributable to declining volumes in certain existing customer contracts.

The Logwin Group’s operating result (EBITA) amounted to €15.0 million in the first quarter of 2026, down 20.2% compared with €18.8 million in the prior year period. The decline in revenue in the Air + Ocean segment led to a correspondingly lower operating result (EBITA). In addition, the expansion of the global location network and the market entry into the US air and ocean freight market had an impact on operating performance in the first quarter. In the Solutions business segment, operating result (EBITA) was affected by lower volumes in the Supply Chain Management area.

The Logwin Group's net result for the first quarter of 2026 amounted to €10.7 million, down 24.1% (2025: €14.1 million). The year-on-year decrease was mainly attributable to the lower operating result and a weaker financial result.

The Logwin Group generated a free cash flow of €-25.4 million in the first quarter of 2026 (2025: €-9.4 million). The significantly higher cash outflow compared with the prior year was primarily due to a negative operating cash flow, which was particularly burdened by working capital effects. In addition, cash outflows for investments and the acquisition of subsidiaries had a negative impact.

The risk situation of the Logwin Group has not changed significantly compared with the 2025 Annual Financial Report. Elevated economic risks resulting from geopolitical and trade policy tensions persist. Negative impacts on the Logwin Group’s net assets, financial situation and earnings position cannot be ruled out. Compared with the forecast report in the 2025 Annual Financial Report, there have been no material changes to the expected development of the Logwin Group for 2026.

The Cargolux Group (Cargolux) recorded a positive net result for the 2025 financial year despite a tense and volatile market. Cargolux generated revenues of US$3,406 million and profit after tax of US$465.0 million.

This financial result further strengthens the Group’s Balance Sheet, bolstering its resilience in an increasingly uncertain global market situation.

In 2025, the air cargo industry navigated a challenging environment shaped by geopolitical tensions, trade wars, and airspace restrictions linked to conflicts in the Middle East and Ukraine. While sustained eCommerce activity and niche segments supported demand, these volatile conditions placed increasing pressure on global logistics networks.

Cargolux leveraged its agility to adjust swiftly to fluctuating demand by optimising its network, including charters, enabling the airline to deliver strong operational performance and positive financial results.

The year highlighted both the industry’s fragility and its adaptability amid shifting trade routes and geopolitical influences. Cargolux ended the year in 10th position in IATA’s top 20 cargo carriers by international scheduled freight tonne kilometres.

As the past year has shown, forecasting in a highly volatile and globally interconnected industry remains challenging. Rapid geopolitical shifts and tariff threats can disrupt major air corridors, force rapid changes in trade routes and affect customer confidence. The escalation in the conflict in the Middle East has already impacted operations, driving jet fuel prices to historic highs and raising the risk of potential fuel shortages.

The sustained growth of eCommerce volumes, which has been a key driver for air cargo, remains uncertain. In parallel, evolving geopolitical and regulatory developments, including tariff measures and handling fees on low value eCommerce parcels, are anticipated to weigh on international trade activity.

Air carriers, especially those based in Europe, are also subjected to increasing environmental and other reporting and compliance requirements. It is vital that authorities and industry stakeholders recognise these challenges to find suitable solutions and ensure a level playing field for EU carriers versus its global competitors.

As the current global situation is highly volatile, making forecasts for the rest of the year is a challenging exercise. True to its legacy, Cargolux will continue to monitor developments, adapt to fluctuations, and draw on its resilience to continue delivering service excellence.

AD Ports Group has signed a Memorandum of Understanding (MoU) with Azerbaijan Transport and Communications Holding (AZCON Holding) to explore strategic collaboration across ports, shipping, logistics, and digital trade solutions in Azerbaijan.

The MoU establishes a strategic framework for cooperation between the parties to explore investment opportunities and advance collaboration in integrated transport and logistics infrastructure, including maritime and digital solutions in Azerbaijan.

This MoU with AZCON Holding marks a further step in advancing AD Ports Group’s corridor-focused strategy, strengthening trade links between Central Asia and Europe. Azerbaijan’s pivotal position bridging East and West offers strong opportunities.

As Azerbaijan continues to enhance its role as a strategic link between East and West, cooperation across port development, shipbuilding, logistics, digital integration and multimodal connectivity can contribute to the long-term growth and competitiveness of the national economy. AZCON see strong potential in this collaboration to support trade facilitation, improve supply chain efficiency and reinforce Azerbaijan’s position as a key logistics hub.

This collaboration comes as the UAE-Azerbaijan Comprehensive Economic Partnership Agreement (CEPA) officially entered into force on 15 April 2026. The agreement will accelerate bilateral trade flows, create new opportunities for investments and joint-ventures, and enhance market access and global reach for exporters in both countries by eliminating or reducing tariffs on the majority of goods and services, in addition to enhancing private-sector collaboration and empowering entrepreneurs and SMEs.

The UAE’s non-oil foreign trade with Azerbaijan has already demonstrated robust growth, underscoring the strength and resilience of this bilateral relationship. Non-oil trade grew by 31.4% over the past two years to exceed US$2.2 billion in 2025.

UPS has announced first-quarter 2026 consolidated revenues of US$21.2 billion, down 1.6%, consolidated operating profit of US$1.27 billion, down 23.9%, a consolidated operating margin of 6.0% and has re-affirmed its full year 2026 guidance.

Net income declined 27.2% to US$864.0 million, representing 4.1% of revenue (down from 5.5% in Q1, 2025). For the first quarter of 2026, GAAP results included after-tax transformation charges of US$42.0 million.

The first quarter of 2026 marked a critical transition period for UPS in which it says it needed to flawlessly execute several major strategic actions and it believes it delivered.

The Company further reduced Amazon volumes by ~500,000 ADV and closed an additional 23 buildings. It also transitioned a portion of Ground Saver volume to USPS for last mile delivery and scaled back leased aircraft to replace retired MD-11 capacity as it took delivery of new aircraft.

With that behind it, UPS expect to return to consolidated revenue and operating profit growth, and adjusted operating margin expansion in the second quarter of this year. Cost pressures are largely behind the Company as it moves into the final months of the
execution of its Amazon glidedown and network reconfiguration initiatives.

At the US Domestic segment, revenue declined 2.3% to US$14.1 billion, primarily driven by an expected decline in volume. Revenue per piece grew by 6.5%. Operating profit declined 47.4% to US$515.0 million. Operating margin was 3.6%

In the International segment, revenue increased 3.8% to US$4.5 billion, driven by a 10.7% increase in revenue per piece. Operating profit declined 14.7% to US$547.0 million. Operating margin was 12.0%.

At the Supply Chain Solutions segment, revenue declined 6.5% to US$2.5 billion, primarily due to a decline in volume in the Mail Innovations business. Logistics revenue was down Y/Y, driven by Mail Innovations, partially offset by revenue growth in healthcare logistics. Reflecting market conditions, Air and Ocean Forwarding revenue was down Y/Y. Operating profit increased to US$205.0 million, up from US$46.0 million in Q1, 2025. Operating margin was 8.1%.

Looking ahead, for the full year 2026, the Company reaffirmed its consolidated financial targets of revenue of approximately US$89.7 billion and non-GAAP adjusted operating margin of approximately 9.6%. The Company also confirmed expected capital expenditures of about US$3.0 billion and dividend payments of around US$5.4 billion, subject to board approval.

Werner Enterprises, Inc. has reported results for the first quarter ended 31 March 2026. Total revenues of US$808.6 million, increased US$96.5 million, or 14.0%. Operating income was US$4.0 million compared to a US$5.8 million operating loss in the prior year. Net losses narrowed to US$4.3 million from a loss of US$10.1 million in Q1, 2025.

The first quarter reflects early results from strategic positioning and positive momentum in the core business. Dedicated revenue and fleet size grew, bolstered by the FirstFleet acquisition, improving rates, and a strong 95% customer retention rate. Restructuring in the One-Way Truckload business is yielding a near double-digit increase in revenue per truck. Logistics revenues remained flat year-over-year, with growth in Intermodal and Final Mile. And, overall operating margins are improving. Through continued cost discipline, and a relentless focus on safety, service and innovation, Werner remains well-positioned to drive better financial results as market conditions tighten throughout the year.

Total revenues for the quarter were US$808.6 million, an increase of US$96.5 million compared to the prior year, due to a US$92.4 million, or 18.0% increase in Truckload Transportation Services (“TTS”) revenues and a slight increase in Werner Logistics revenues of US$0.3 million. Operating income increased US$9.8 million, or 169.0%, from an operating loss of US$5.8 million, while operating margin of 0.5% increased 130 basis points from (0.8)%.

TTS had operating income of US$13.9 million compared to a US$0.9 million operating loss in the prior year, and TTS had non-GAAP adjusted operating income of US$14.8 million, an increase of US$12.9 million. Werner Logistics had operating loss of US$2.0 million compared to US$0.5 million operating loss in the prior year.

Net loss attributable to Werner was US$4.3 million compared to a US$10.1 million net loss attributable to Werner in the prior year.

> Truckload Transportation Services (TTS) segment

Revenues of US$594.3 million increased US$92.4 million; trucking revenues, net of fuel surcharge, increased US$75.2 million, or 17.0% year over year. Operating income was US$13.9 million compared to a US$0.9 million operating loss in the prior year. Average segment trucks in service totalled 8,454, an increase of 1,039 trucks year over year, or 14.0%, while segment trucks at quarter end increased by 1,600 trucks, or 21.5%. The increase is driven by the FirstFleet acquisition, partially offset by a smaller One-Way Truckload fleet. Dedicated unit trucks at quarter end totalled 7,080, or 78.0% of the total TTS segment fleet, compared to 4,835 trucks, or 65.0%, a year ago. One-Way Truckload revenues per truck per week increased 9.6% from restructuring efforts over the last two quarters, higher spot and contractual rate increases. One-Way revenues per total mile, net of fuel surcharge, increased 3.6% year over year. Werner acquired FirstFleet on 27 January 2026. FirstFleet financial results are reported in the Dedicated operating segment within Truckload Transportation Services. As a result of this acquisition, Dedicated experienced a net increase in average trucks in service, up 1,549 trucks, or 32.4% year over year, and up 1,378 trucks sequentially. Dedicated quarter-end fleet size was up 46.4% year over year. Dedicated average revenues per truck per week, net of fuel surcharge, increased 0.8%.

> Werner Logistics segment

Revenues of US$195.8 million increased US$0.3 million, essentially flat year over year. Operating loss was US$2.0 million compared to a US$0.5 million operating loss in the prior year. Truckload Logistics revenues (72.0% of Werner Logistics revenues) decreased US$6.5 million, or 4.0%, driven by a decrease in shipments of 9.0%, partially offset by a 5.0% increase in revenue per shipment. Intermodal revenues (17.0% of Werner Logistics revenues) increased US$5.1 million, or 18.0%, due to 22.0% more shipments, partially offset by a 3.0% decline in revenue per shipment. Final Mile revenues (11.0% of Werner Logistics revenues) increased US$1.7 million, or 8.0%, and decreased 7.0% sequentially.

ArcBest has announced financial results for the first quarter ended 31 March 2026. Revenue totalled US$998.8 million, up 3.3% compared to US$967.1 million in the prior-year period. Operating income declined 48.3% to US$3.4 million. Net loss was US$1.0 million, versus net income of US$3.1 million.

The Company began 2026 with growth in Asset-Based shipments and tonnage and continued improvement in Asset-Light profitability.

> Asset-Based Q1, 2026 versus Q1, 2025

Revenue of US$655.0 million compared to US$646.3 million, a per-day increase of 2.2%
Tonnage per day increase of 6.5%
Shipments per day increase of 1.8%
Billed revenue per shipment increase of 0.6%
Billed revenue per hundredweight decrease of 3.9%
Weight per shipment increase of 4.6%
Operating income of US$17.5 million and an operating ratio of 97.3%, compared to US$26.4 million and 95.9%

Tonnage growth was driven by higher shipment volumes and an increase in weight per shipment, reflecting changes in freight profile. Revenue per shipment benefited from the higher weight per shipment, partially offset by lower revenue per hundredweight as the freight profile shifted toward heavier shipments.

Customer contract renewals and deferred pricing agreements averaged a 6.3% increase during the first quarter, and LTL industry pricing remains rational.

Operating expenses increased due to additional labour supporting shipment growth, annual union wage adjustments, increased fuel prices, and higher equipment depreciation.

On a sequential basis, first quarter daily revenue was down 1.5% compared to Q4, 2025. Tonnage per day increased 1.0%, driven by a 2.6% increase in weight per shipment, partially offset by a 1.6% decline in daily shipments. Billed revenue per shipment increased 1.7% due to the heavier freight profile and increased fuel surcharge revenue, offset in part by a modest decline in revenue per hundredweight reflecting the changes in freight profile. The operating ratio increased by 110 basis points, an improvement relative to typical seasonality due in part to a softer-than-normal Q4.

> Asset-Light Q1, 2026 versus Q1, 2025

Revenue of US$377.7 million compared to US$356.0 million, a per-day increase of 7.0%
Shipments per day increase of 9.8%
Revenue per shipment decrease of 2.6%
Purchased transportation expense was 86.2% of revenue compared to 85.6%
Operating income of US$0.2 million compared to operating loss of US$4.4 million

Revenue increased primarily due to shipment growth led by Managed, which more than offset a strategic reduction in less profitable truckload volumes. Revenue per shipment decreased, as higher rates related to tightening capacity and increased fuel costs were more than offset by the higher mix of Managed business, which typically carries smaller shipment sizes and lower revenue per shipment. Revenue growth combined with productivity improvements drove the operating income in the quarter, compared to a loss in the prior year.

Compared sequentially to Q4, 2025, Q1 daily revenue increased 4.3% reflecting a 7.4% increase in shipments per day, partially offset by a 2.9% decline in revenue per shipment. Revenue growth and productivity improvements resulted in non-GAAP operating income, compared to break even in the previous quarter.

The Board of Management of BLG LOGISTICS presented the Company’s results for financial year 2025. Revenue amounted to €1.2 billion, a decrease of 4.5% (€-55 million). EBIT of €87.2 million exceeded plan. At €77.4 million, EBT was slightly below the previous year’s level. Overall, the Company generated solid results despite a challenging environment.

Earnings in the AUTOMOBILE Division remained positive despite lower volumes, due in large part to the division’s high level of value creation, efficient processes and one-off effects. Revenue declined slightly to €678.0 million (previous year: €687.5 million). Vehicle volumes were below plan, impacted by economic conditions, structural change in the automotive industry and US tariffs. The BLG network handled, transported or technically processed a total of 4.2 million vehicles. AutoTerminal Bremerhaven recorded a slight decline to 1.25 million vehicles (previous year: 1.3 million).

Revenue in the CONTRACT Division declined from €536.0 million to €488.0 million. Earnings were adversely impacted by declines in auto parts logistics and segments of industrial logistics, as well as by the impact of US tariffs on steel and timber handling at Neustädter Hafen. Measures taken to improve performance, such as cost management, restructuring and a focus on high-margin activities, are beginning to show results. The Industrial & Energy and E-Commerce segments performed well. The CONTRACT Division expects stable revenue and a slight increase in earnings in 2026.

The CONTAINER Division made a significant contribution to overall earnings in 2025. The investment in EUROGATE, which is accounted for using the equity method, generated profit after tax of €56.6 million. This result was driven by strategic shipping line partnerships, storage and reefer revenues exceeding expectations and unscheduled port calls related to geopolitical developments. Volume in the German container terminals rose by around 21.0% to a total of approximately 8.8 million standard containers.

After more than ten years and, unfortunately, significant accumulated losses, the Wilhelmshaven Container Terminal returned to profitability for the first time in the reporting year, the result of consistent development efforts and the right strategic partnerships.

Looking ahead, despite challenging conditions, the Board of Management is cautiously optimistic about 2026. Revenue is expected to remain at the previous year’s level, while EBT is projected to be below the 2025 level but still in the double-digit million range.

PostNL has issued a Q1, 2026 trading update. Revenue came in at €781.0 million (Q1 2025: €782.0 million). Normalised EBIT and free cash flow development was in line with expectations and followed the usual seasonal pattern

E-commerce: progress of targeted yield measures, demonstrated by a 4.1% increase in average price per parcel
> revenue at €451.0 million (Q1, 2025: €473.0 million), driven by positive price/mix impact offset by 7.1% volume decline
> domestic volumes down 5.5%, primarily due to weaker market growth related to lower consumer spending compared with last year and limited loss in market share as expected
> international volumes, mainly from Asian webshops, down 13.2%, reflecting weaker market growth and temporary pressure following deliberate contract negotiations under PostNL’s volume-to-value strategy

Platforms: accelerating international growth
> revenue €185.0 million (Q1, 2025: €181.0 million), up 2.6% (up 5.9% at constant currencies)
> 1.2% volume growth, mainly comprising 9.6% growth in European volumes partly offset by the earlier-mentioned decline in volumes from Asian webshops

Mail: preparations for transition to standard mail delivery within two days on track
> revenue €316.0 million (Q1, 2025: €309.0 million)
> trend of structural volume decline continued with volume decline of 8.0% (excluding election mail)

The Company noted that its strategic initiatives are progressing according to plan in a challenging operating environment where geopolitical uncertainty has intensified external challenges, weighing on consumer confidence, domestic consumption and fuel prices. While fuel surcharges are mitigating direct impact, uncertainty may increase inflationary pressure and impact consumer spending.

At E-commerce, the strategic transition from volume to value is progressing through sharper customer segmentation, differentiated propositions and disciplined volume steering. This involves deliberate contract negotiations that may come with temporary pressure on volumes whilst execution on the volume-to-value strategy. Targeted yield measures are gaining traction and are expected to build further momentum during the year as new contracts are rolled out.

At Platforms, international growth is accelerating via asset-light models Spring and MyParcel, with European eCommerce driving volume and revenue growth. The value focused approach equally applies to the Company’s Asian eCommerce activities.

Overall, normalised EBIT and cash flow are developing in line with expectations, following the usual seasonal pattern. The Company confirmed its 2026 outlook for normalised EBIT to be between €40.0 million and €70.0 million, resulting in a free cash flow between €0.0 and €(30.0) million. 2026 will be fully dedicated to disciplined execution of the new strategy and the Company expects to reach the inflection point in the trajectory towards delivering on its Breakthrough 2028 ambition.

PostNord has reported that Q1, 2026 net sales totalled SEK8,811.0 million (9,005), a decrease of -3.0% (-5) in fixed currency for like-for-like units. Parcel volumes increased by 12.0% (8). Mail volumes decreased by -18.0% (-14). Operating income (EBIT) totalled SEK138.0 million (189), representing an operating margin of 1.6% (2.1). Adjusted operating income (adjusted EBIT) totalled SEK138.0 million (274), representing an adjusted operating margin of 1.6% (3.0)

Operating income totalled SEK138.0 million (189). Operating income decreased primarily due to the closure of the Danish national mail service. As a result of the closure, PostNord Denmark has lost synergy effects and been affected by increased restructuring costs for the parcel business. Initially, it is focusing on integrating the international parcels received via the postal inflows into its regular operations. At the same time, it is continuing to strive to ensure a long-term competitive parcel business in Denmark.

PostNord TPL is affected by continued overcapacity in the market and temporarily increased costs due to business start-ups and production adjustments. Income in other operating segments improved over the quarter. This indicates that long-term investments are paying off and that the organisation is continuing to deliver in a time of constant change.

In Sweden, the Company is still waiting for a decision about new postal regulations. To ensure a self-financed mail business that is commercially sustainable, it is crucial that the regulations are adapted to the demand. In parallel, the Company continue to adapt what it can influence, the organisation, the offering and the prices, in order to be able to operate a self-financed and profitable mail business in the short term with an offering that is adapted to the demand we meet, with continuously decreasing volumes.

Rhenus Group announced the successful closing of the acquisition of the remaining 49.0% stake in LBH Global Agencies Inc. LBH Group is a globally active port agency with business sites in 24 countries worldwide. As an international maritime shipping agency, LBH Group manages incoming and outgoing vessels handling bulk goods, liquid cargo, containers, and general cargo.

With the acquisition of the remaining shares from the Lagendijk family, the Company is now a wholly owned subsidiary of Rhenus, a strategic step that has been pursued since the two companies joined forces in 2023. For many years, both parties have fostered a close and trustful relationship based on a shared goal.

The partnership between Rhenus and LBH Group was initially established with the shared objective of combining LBH’s global reach in port agency services with the international logistics network of Rhenus. Since then, the collaboration has strengthened both companies’ capabilities, enabling the development of more comprehensive service offerings and supporting customers with increasingly customised, resilient, and efficient supply chain solutions. Uniting two highly skilled and specialised teams marks another milestone in the Rhenus Group’s strategic growth plan in global trade, aiming to expand its network and foster supply chains worldwide.

Under full ownership, LBH Group will remain a central pillar of the maritime strategy of Rhenus. The Company will continue to operate under its established brand, maintaining its market presence and well-recognised service quality. Inspired by the vision of expanding global logistics operations as one global team, the acquisition underscores the importance of reliable partnerships that continue to pave the way for the Rhenus Group’s growth trajectory.

The Geis Group successfully closed the 2025 financial year, continuing its growth trajectory. Despite challenging economic conditions, revenue increased by 8.8% to €2.12 billion, a new all-time high in the Company’s history.

Key drivers of this growth included four targeted acquisitions, tangible progress in international integration, and ongoing investment in key future areas such as digitalisation and sustainability. At the same time, the Geis Group has become more closely aligned both operationally and structurally, particularly in its collaboration with its subsidiary Quehenberger Logistics.

Once again, 2025 was shaped by subdued economic momentum, intense price pressure, and overall demanding market conditions. This makes the Company all the more pleased that it performed well and further strengthened its market position. The focus was on deepening international collaboration within the Group and integrating the newly acquired companies.

Across the business units, performance remained stable overall, with clear growth momentum: Road Services saw strong gains, driven primarily by acquisitions and the integration of new sites. Logistics Services remained at a solid level and continued to develop positively in key markets. At the same time, Air + Sea Services was strategically repositioned and further strengthened through enhanced international connectivity.

In addition, the Geis Group continued to advance key future topics: investments in IT are enhancing system security and stability, while progress in automation and artificial intelligence is increasing efficiency. The Company is also consistently pursuing its sustainability agenda, for example, by expanding the use of alternative fuels and further developing its own energy and e-mobility solutions.

Looking ahead, the focus will be on further integrating the acquired companies, expanding cross-selling activities, and continuously enhancing processes and IT. The goal is to further strengthen international integration across the Group and to expand standardised, high-performance structures.

TFI International Inc. announced its results for Q1 ended 31 March 2026. Total revenue decreased 0.8% to US$1,949.1 million. First quarter 2026 operating income of US$96.6 million compares to US$114.6 million in the same prior year quarter. Q1 net income of US$43.3 million compares to US$56.0 million in Q1, 2025, while adjusted net income of US$57.2 million compares to US$64.2 million in Q1, 2025.

The Company easily exceeded its first quarter earnings outlook on stronger revenue and higher profitability for both Truckload and Logistics despite adverse weather early in the quarter.

Acquisitions strategically pursued during the weaker cycle and enabled by a strong capital position have enhanced a diversified portfolio of operating companies, and the resulting mix of industrial end market exposure is beginning to benefit operating results.

Total revenue of US$1.95 billion compared to US$1.96 billion in the prior year period and revenue before fuel surcharge of US$1.70 billion compared to US$1.71 billion in the prior year period. The decrease is primarily due to reduced volumes driven by weaker end market demand partially offset by contributions from business acquisitions.

Operating income of US$96.6 million compared to US$114.6 million in the prior year period. The decrease is primarily attributable to the decline in revenues and US$6.7 million of incremental accident-related expenses, partially offset by contributions from business acquisitions of US$9.4 million.

Net income of US$43.3 million compared to US$56.0 million in the prior year period.

Total revenue increase by 1.0% for the Truckload segment and marginally for the Logistics segment, and decreased by 2.0% for the Less-Than-Truckload segment. Operating income increased 14.0% in the Truckload segment and 10.0% in the Logistics segment, and decreased by 35.0% in the Less-Than-Truckload segment.

STG Logistics Inc. has completed its court-supervised marketing process and reached a settlement regarding the litigation related to the Company's 2024 liability management ("LME") transaction, paving the way for a fully consensual emergence from chapter 11 in the near-term. STG intends to seek approval of the Recapitalisation Transaction ("Transaction") outlined in its Restructuring Support Agreement ("RSA") and Plan of Reorganisation ("Plan") at its confirmation hearing in the coming weeks.

As part of its chapter 11 process, STG entered the RSA with its lenders under which the lenders would assume majority ownership of the Company in exchange for a comprehensive restructuring of its capital structure, including a reduction of more than US$1.0 billion in outstanding debt obligations and up to US$150.0 million in new capital.

As required by the RSA, STG undertook a formal marketing process to confirm the Transaction represented the best outcome for the Company and its stakeholders. That process is now complete and validated the RSA Transaction, which will strengthen the Company's balance sheet and position STG for long-term success.

Upon emergence, STG will be majority-owned by a group of leading financial institutions led by funds managed by Fortress Investment Group and Invesco Senior Secured Management, Inc.

The group has significant experience in the logistics industry and supports STG's go-forward strategy to provide market-leading transportation and logistics services in support of its customers. STG's operations will continue in the ordinary course throughout this process, with full continuity of its integrated port-to-door service offerings.

In the first quarter of 2026, Port of Antwerp‑Bruges handled 65.5 million tons of maritime cargo, a decrease of 3.2% compared to the same period last year. After a weak start in January and February, throughput recovered in March. General cargo (-4.4%) – in particular containers and conventional general cargo – was under pressure, while bulk cargo remained stable (-0.6%) and RoRo traffic increased. The results reflect a complex combination of factors, including adverse weather conditions, social actions, geopolitical tensions and a weakened European industrial base.

In the first quarter of 2026, container throughput decreased by 5.5% in tons and 2.6% in TEU compared to the same period last year. This should be seen against the backdrop of a relatively strong start to 2025, when the restructuring of container alliances generated high inbound volumes, as well as the weakened export position of Western Europe.

In addition, the start of the year was marked by extreme weather conditions. A snowstorm and prolonged cold spell in January, followed by severe storms in the Bay of Biscay until mid‑February, disrupted shipping and terminal operations. A four‑day strike against pension reform also had a significant impact. The interruption of the nautical chain led to the diversion of several vessels to other ports and to planned call-sizes that could only be partially handled due to a lack of spare terminal capacity.

Overall, an estimated 100,000 TEU (approximately 1.1 million ton) of container throughput was lost. From mid‑February onwards, and particularly in March, volumes recovered, once again highlighting the need for additional container handling capacity.

Conventional general cargo was also under pressure, mainly due to lower steel exports to key markets such as the United States, Mexico and Canada, as well as the entry into force of the Carbon Border Adjustment Mechanism (CBAM) on 1 January 2026.

By contrast, the RoRo segment recorded growth, driven by higher volumes of new vehicles and high & heavy equipment. Shortsea RoRo traffic remains affected by the EU Emissions Trading System (ETS), particularly on longer hauls, although the shift towards road transport appears to be slowing as diesel prices rise.

Dry bulk declined by 4.9%, due among other things to lower fertiliser volumes and the disappearance of coal traffic. Liquid bulk recorded slight growth of 0.2%, supported by a strong performance in March. However, developments within the segment varied widely: volumes increased for gasoline, naphtha, fuel oil and LNG, while diesel, kerosene and LPG declined.

These trends are influenced by changing market conditions, shifts in feedstock, anticipation of the European import ban on Russian LNG, as well as geopolitical tensions and market dynamics such as backwardation. Chemicals throughput remains under pressure due to the weak position of the European chemical industry.

The direct impact of the conflict in the Middle East remained limited in the first quarter due to longer sailing times via the Cape of Good Hope. The decline in imports from and exports to and from the Persian Gulf, of respectively 12.0% and 49.0%, during this period can largely be attributed to weather‑related disruptions.

From the end of March onwards, however, the first effects became visible. On 23 March, the last LNG tanker so far from Qatar arrived in Zeebrugge, and container lines adjusted their sailing schedules towards alternative ports in the Middle East and the eastern Mediterranean.

At present, the most significant impact of the conflict and the blockade of the Strait of Hormuz is indirect, through rising energy and fuel prices. These increased bunker and transport costs and further weaken the competitiveness of European industry. At the same time, low European gas storage levels – which will need to be replenished ahead of next winter – and disruptions in supply chains for certain products are creating additional uncertainty and inflationary pressure.

Royal Mail is continuing the modernisation of its iconic postboxes with a striking new parcel postbox, able to accept medium-sized parcels for the first time. The new solar-powered model is intended to make posting parcels easier for online shoppers, small businesses and the growing number of people using second-hand marketplaces.

They will allow customers to send and return medium‑sized, pre‑labelled parcels - the largest items yet to be accepted through a postbox - as well as letters. Around 600 will be installed over the next six months in convenient locations such as town centres, new housing developments and outside Royal Mail Delivery Offices.

The latest addition to Royal Mail’s network adds to an existing 1,400 parcel postboxes and 3,500 ‘postboxes of the future’ – traditional postboxes that have been upgraded - which both accept small parcels roughly the size of a shoebox.

The first of the new parcel postboxes is now live in Belfast, with further installations planned across the UK over the next six months in locations like Birmingham, Cardiff, Glasgow and Tyneside.

Royal Mail is on a drive to make sending and receiving parcels as convenient as possible for customers and continues to expand the number of locations where customers can drop off and collect items. Customers can also use any of the 115,000 postboxes to send letterboxable parcels and request proof of posting using the Royal Mail app.

As well as modernising its postbox network, Royal Mail has introduced parcel lockers and Royal Mail Shops and continues to be the only company to deliver and collect from every single address in the UK.

DSV has relocated to a new office in e.town 6 in Ho Chi Minh City, Vietnam. With nearly 3,000 m2 of modern office space, the new location brings together three divisions: Air & Sea, Contract Logistics and Road teams under one roof. This consolidation fosters closer collaboration, stronger synergies, and increased innovation, enabling the Company to better serve customers.

Looking ahead, DSV remains focused on deepening collaboration with customers and partners while continuing to deliver competitive, innovative and customer‑centric logistics solutions, supported by strong local expertise and a global network.

Toll Group announced the opening of a new office in Subic Bay, Philippines, strengthening its ability to support tailored Government and Defence (G&D) services in the region. Located within the Subic Bay Freeport Zone, the office will provide a local base to support Toll’s customers operating in the Philippines and across the Indo‑Pacific.

The establishment of the office reflects Toll’s focus on delivering compliant, reliable logistics support aligned with host‑nation requirements and established international frameworks Subic Bay Freeport Zone forms part of the Luzon Economic Corridor and is a well-positioned logistics hub, offering convenient access to both international seaport and airport infrastructure, supporting multimodal logistic opportunities across air, sea and land.

Toll commenced supporting customers from the new office in March 2026 and see opportunity in assisting defence alliance partner forces. The location enhances Toll’s capacity to assist defence alliance partner forces operating in the region, leveraging local expertise and an understanding of in‑country processes to support theatre logistics requirements in accordance with applicable agreements and regulatory frameworks.

Toll’s presence in Subic Bay allows it to better support defence related activities for the US Armed Force, the Japanese Self Defence Forces as well as the Australian Defence Forces by combining local knowledge with Toll’s broader theatre supply chain experience.

Toll is currently supporting air and sea freight movements for defence related cargo and see opportunities to expand the scope towards comprehensive theatre logistics solutions combining multimodal options for all types of cargo and integrated end-to-end logistics support.

Toll Group G&D’s expansion in the Philippines underscores their ongoing commitment to supporting government and defence customers in the Indo-Pacific region through responsible operations and adherence to applicable regulatory and governance frameworks.

DX, a leading provider of logistics solutions across parcel, freight, fulfilment and final mile, has announced the launch of a new digital platform for its DX SameDay service. DX SameDay delivers a nationwide, same-day courier service, operating 24/7, 365 days a year, and is designed for customers with urgent, time-critical and service-led delivery requirements.

The new platform provides a direct digital route for customers to access DX SameDay, alongside existing telephone and email channels. Customers can log in to obtain quotes, book and track consignments, monitor estimated time of arrival and access proof of delivery in real time, giving greater visibility and control from collection through to final delivery.

Collections are guaranteed within 60 minutes of booking confirmation for consignments requiring standard vehicles. All deliveries are fully GPS-tracked and monitored throughout their journey, giving customers complete visibility and confidence that each consignment is managed with precision. Specialist vehicle requirements are accommodated as part of the service, with collection times tailored accordingly.

DX SameDay offers market-leading service levels and supports a wide range of delivery requirements, from urgent documents and critical parts to high-value and time-sensitive consignments. It is also used by many businesses as a premium delivery solution, helping to enhance customer service and experience where speed, reliability and presentation are essential.

The service includes specialist capabilities, such as secure handling and scheduled or contracted delivery solutions tailored to operational needs. This flexibility allows customers to move beyond reactive delivery and integrate DX SameDay into their wider logistics and customer experience strategies.

Operating through a centrally managed model, the service is supported by a dedicated team based at DX’s operations in Biggleswade, providing a responsive and coordinated approach to managing deliveries across the UK.

Perpetual Next has chosen JPB Logistics as its preferred partner for biomethanol storage and handling services at Perpetual’s Delfzijl biomethanol facility in Farmsum, the Netherlands. As part of the intended collaboration, JPB will be responsible for the envisaged storage, handling and logistics, such as the delivery of biomethanol from the facility to third-party customers.

The Delfzijl project is being developed by DeltaNor B.V., a full subsidiary of Perpetual Next. It is dedicated to the construction, financing, maintenance and operation of a biomethanol plant in Farmsum, which will have a production capacity of 220,000 tons per year. Perpetual Next is developing the plant as part of its broader ambition to accelerate circular, low-carbon industrial solutions by converting biogenic carbon streams into sustainable products, including biomethanol.

The current MoU between both parties outlines their intention to negotiate a definitive storage agreement for the Delfzijl project, with target capacity in the range of 21,000 to 35,000 gross m3, depending on the final configuration. The envisaged logistics concept is based on inbound pipeline and outbound barge movements through dedicated lines, with truck loading and unloading available as a back-up scenario.

The proposed collaboration is subject to conditions including Perpetual Next’s final investment decision for the Delfzijl project, the successful execution of the project and agreement on final commercial terms.

CEVA Logistics has secured a three-year contract with Hilton Food Solutions to support operations at CEVA’s Chill Hub at London Gateway Port. CEVA Logistics will provide specialist unloading services for fresh and frozen goods alongside import and export customs clearance.

The agreement between the two companies highlights CEVA’s ability to deliver integrated, port-centric logistics solutions for the food industry. Under the contract, CEVA will manage temperature-controlled unloading operations for time-sensitive products while delivering fully integrated customs brokerage services. By combining these capabilities at a single location, CEVA provides Hilton Food Solutions with a streamlined, compliant and efficient solution, reducing operational complexity and accelerating the flow of goods through the port and onwards distribution throughout the UK.

At the London Gateway Chill Hub, CEVA manages the seamless flow of time-critical imports and exports of fresh and frozen goods. Its advanced temperature-controlled capabilities protect product quality and ensure consistent performance, while integrated, in-house customs services streamline processes, reduce risk and deliver end-to-end accountability.

The new operation further strengthens CEVA’s port-centric logistics offering and supports the resilience of UK food supply chains by improving the speed and efficiency of handling high-volume, time-critical shipments.

Selecting CEVA Logistics for its London Gateway operations provides Hilton Food Solutions with a fully integrated solution that brings together specialist temperature-controlled handling and in-house customs clearance. This significantly simplifies its port operations, strengthens compliance, and ensures the fast, reliable movement of fresh and frozen products.

Worldwide Flight Services (WFS) has won a contract to handle Qatar Airways Cargo’s Boeing 777 Freighter operations at Liège Airport. Starting 01 May 2026, WFS is providing ramp and warehouse handling services for the airline’s Boeing 777 freighters into the Belgian airport, arriving from Doha and other prime international cargo markets.

This latest contract reinforces WFS’ status as the leading cargo handling organisation at Liège Airport, based on volume. It now handles 11 international airlines which use Liège as a key European hub to transport cargo and e-commerce traffic.

Liège Airport’s cargo growth shows no sign of abating. In 2025, the airport saw its annual cargo tonnage rise 14.0% to 1.32 million tonnes. This upward trend continued in the first quarter of 2026, with the airport reporting a 15.6% year on-year boost in volumes to 342,845 tonnes. This was supported by a 7.0% increase in aircraft movements to 7,247 in the opening three months of this year.

GB Railfreight and Maritime Transport have agreed a new multi-year contract to transport freight across the UK, strengthening a long-standing partnership at the heart of the UK’s supply chains.

Under the agreement, goods will be moved from key deep-sea ports including DP World London Gateway, the Port of Felixstowe and the Port of Tilbury to Maritime’s strategically located inland terminals nationwide.

The deal marks the continuation of a long-term relationship between GB Railfreight and Maritime, which has gone from strength to strength over two decades and has seen a number of new services introduced between major UK ports and Maritime’s inland rail terminals, creating new, low-carbon connections for businesses across the UK.

By moving these flows by rail, the contract will help take thousands of lorry journeys off the UK’s roads each year, cutting carbon emissions, easing congestion, improving air quality, reducing potholes and enhancing road safety, while supporting more sustainable, resilient supply chains.

Arvato is expanding its long-standing partnership with fashion and lifestyle brand Tom Tailor. In addition to the existing B2C business, Arvato will also take over parts of the B2B business in the future. As part of this expansion, an integrated omnichannel hub is being established at its Kamen site in Germany, where all performance-based fulfilment activities will be centrally bundled.

With the expansion of the collaboration, Arvato and Tom Tailor are responding to increasing demands for speed, flexibility, and cross-channel orchestration in fashion logistics. By integrating B2C and B2B processes into a centralised setup, goods flows can be managed more efficiently, response times shortened, and operational complexity reduced.

Arvato has been providing comprehensive eCommerce fulfilment services for Tom Tailor since 2012, including warehousing, transport management, financial services, and customer service. With the new structure, performance-based store replenishment as well as B2B sales channels will also be managed from the omnichannel hub. This creates an end-to-end fulfilment model that enables more precise inventory management and significantly improves responsiveness to demand.

The existing site in Kamen forms the foundation for the new hub. With a warehouse space of around 35,000 m2 and a total usable area of approximately 60,000 m2, it provides the scalability required for future growth.

The site already features a high-performance logistics infrastructure, which is being further enhanced with targeted automation solutions. These include automated picking systems and optimised packaging processes. The goal is to further reduce throughput times, increase process stability, and ensure consistently high service quality. In March 2026, the existing B2C business was relocated from our site in Dortmund to Kamen as a first step. The site will be gradually expanded to meet the extended requirements by the end of 2026. In the long term, around 100 new jobs will be created as part of this development.

Worldwide Flight Services has been awarded a contract by Kuehne + Nagel to provide freight forwarder handling services at Frankfurt Airport, Europe’s biggest air cargo gateway.

The agreement follows WFS’ investment in leases on two warehouses and two office buildings on a 24,000 m2 site within the airport’s Cargo City South, which commenced operations in December.

The facilities, equipped with ULD handling systems and volume and dimension scanners used to expedite the processing of shipments, have the capacity to handle up to 100,000 tonnes of import and export freight annually for customers using WFS’ specialist E-commerce and Freight Forwarder Handling (EFFH) services.

On behalf of Kuehne + Nagel, in addition to handling import shipments, WFS manages the recording of weight and dimensions of export shipments as well as making goods secure and ready for carriage.

Additional services include cargo labelling, HAWB consolidation into Master Airway Bill (MAWB), build-up of ULDs, and dedicated transport shuttles to ground handlers and airlines for departing flights.

As well as in Frankfurt, WFS’ network of EFFH service locations also includes Amsterdam, Brussels, Copenhagen, Dublin, Liege, London, Madrid, Stockholm, and 12 airports across France, including Paris CDG.

CEVA Logistics has renewed its contract with the world’s largest dedicated online supermarket retailer, Ocado Retail. This reinforces their successful relationship and supports the online retailer’s continued growth in the UK.

The renewed agreement will see CEVA continue to operate as a national consolidation centre for Ocado Retail. CEVA will manage the bulk storage of ambient products and distribute approximately to all seven of Ocado Retail’s Customer Fulfilment Centres (CFCs), which dispatch end-customer orders.

Ocado Retail’s volumes through CEVA have grown significantly year-on-year. To accommodate this increase, CEVA has reconfigured its warehouse design at its Kettering facility to process changes in pallet configuration and changes in SKU profile, significantly increasing storage capacity while maintaining impeccable service continuity.

As part of the renewal process, CEVA successfully delivered a major operational optimisation programme, including a redesigned warehouse management system (WMS), new pick-face implementation, enhanced replenishment processes and updated put away logic. These improvements have increased outbound efficiency while maintaining full service levels throughout the transition.

CEVA’s Kettering facility now provides Ocado Retail with greater stock cover, stabilising and increasing product availability for end customers and enabling the business to manage peak trading periods year-round.

CEVA’s role as a consolidation centre allows Ocado Retail to optimise its CFC operations, ensuring consistent product flow, improved network efficiency and the scalability required to support long-term growth.

Ocado Retail trusts CEVA Logistics to support its growth, consistently adapting to its evolving operational requirements. The team’s ability to implement major system and layout changes while maintaining service has supported in improving efficiency and helped ensure product availability.

Meachers Global Logistics has been awarded a ten-year contract by cruise ship operator Carnival UK to provide warehousing, freight forwarding, and supply chain management services. The contract extends a more than 25-year working relationship.

This new contract is a powerful endorsement of the strength and reliability of Meacher’s long-standing relationship with Carnival UK. It is expected to generate long-term economic benefits for the Central South region of the UK, including Southampton, with job security and sustained commercial activity

This ten-year agreement ensures that Meachers Global Logistics will remain a key player in supporting the cruise industry’s continued expansion, while reinforcing Southampton’s role as a gateway to the UK for millions of international visitors.

Indurent, a developer, owner and operator of industrial and logistics space across the UK, has signed a 10-year lease with PURESEOUL for a 5,667 m2 unit at Indurent Park Derby in the East Midlands.

The unit at D61 Indurent Park Derby will operate as the retailer’s UK national distribution hub, supporting its store network, Superdrug concession partnership and eCommerce fulfilment operations.

PURESEOUL, a Korean Beauty specialist store founded in 2019, has rapidly expanded into a multi-channel retailer with a growing UK high street presence alongside an established digital platform.

The letting follows PURESEOUL’s continued expansion and reflects sustained occupier demand from retail-led and consumer-facing operators seeking well-located, high- quality logistics space. The deal also marks the second retail occupier at Indurent Park Derby, following Rodd & Gunn in 2025, reflecting sustained demand for well-located, high-quality logistics space from retail-led and consumer-facing operators.

Indurent Park Derby benefits from strong transport connectivity, including proximity to the M1 (Junction 25), A50 corridor, Derby railway station and city centre as well as East Midlands Airport, providing access to both regional and national markets.

The unit is built to EPC A+ and BREEAM ‘Excellent’ standards, reflecting Indurent’s focus on delivering sustainable, energy-efficient industrial accommodation.

Securing a dedicated UK distribution hub at Indurent Park Derby marks a major milestone in PURESEOUL’s growth journey. As it continues to expand across both retail and eCommerce, planning to double its store count by end of 2026, this facility provides the scale, efficiency, and connectivity needed to support its operations and customers nationwide.

Local press reports suggest that Averitt is investing in the construction of a regional campus close to Charlotte Douglas International Airport, US. The development will take up just over 100 acres and will consolidate all five of the Company’s services. The new campus will replace a 3,716 m2 service centre

The campus will include a two-storey, 1,486 m2 regional office with training and collaboration space, a 6,968 m2, 150-door cross-dock, expandable to 200 doors, two warehouses totalling more than 46,452 m2 of distribution and fulfilment space, and parking for more than 400 trailers, plus fleet maintenance, fuelling, and driver support facilities.

Construction is expected to begin immediately and is set to be completed in 2028. The development costs could reach over US$200.0 million when it is fully built.

Averitt currently operates at 3708 Westinghouse Boulevard with 182 full-time staff. This expansion would more than double its existing Charlotte area workforce.

DSV Road has signed a deal with Palm Logistics to take a 12,105 m2 facility at Momentum Logistics Park in Naas, County Kildare. The purpose-built, Grade A facility represents a significant expansion for DSV within the park.

Momentum provides a central location on Ireland’s primary logistics corridor, providing businesses with speedy access to all of Ireland’s largest cities. Businesses such as Primark, Mercury, Domino’s Pizza, Krispy Kreme, DHL, and Screwfix are also located in the Park.

Kuehne + Nagel has taken over a completed industrial facility at Panattoni Business Park Prague Airport II near the Central Bohemian town of Pavlov, Czech Republic. The new building expands the Company’s contract logistics facilities and will enable further development of its services in a strategic location near Prague and Václav Havel Airport.

Kuehne + Nagel has been operating in the Czech Republic since the early 1990s and has long been expanding its services in the areas of ocean, air, road, and contract logistics. The acquisition of the new warehouse represents another step in modernising its infrastructure and creating a high-quality work environment for its employees.

The facility has a total leasable area of 10,500 m2 and is fully occupied by Kuehne + Nagel. Approximately 9,000 m2 is dedicated to warehouse space, with the remainder consisting of offices and a mezzanine. The facility was designed and built to meet the tenant’s operational needs, with a focus on efficient workflow organisation and the potential for further expansion of logistics activities.

The new building combines excellent transportation accessibility, high technical standards, and a focus on sustainability. The building is aiming for an "Excellent" rating under the BREEAM New Construction international sustainability certification. The design includes, among other features, fossil-fuel-free heating via heat pumps, the option to install photovoltaic panels, a rainwater management system, infrastructure for electric mobility, and elements that promote biodiversity on the site. These technologies help reduce both the building’s operating costs and its environmental impact. Upon completion of the new hall, the total area of the industrial zone will approach 140,000 m2.

Panattoni Business Park Prague Airport II is located directly off the D6 highway, approximately 10 minutes from the Prague city limits and less than 15 minutes from Václav Havel Airport Prague. The location also offers good public transportation access, with a train station and bus routes within walking distance, which enhances the commuting experience for employees from surrounding communities and the wider region.

Logicor has fully leased its logistics facility at Konrad-Zuse-Straße 1a in Alsdorf, Germany, to ID Logistics. The 3PL will use the 72,800 m2 facility to manage warehousing and distribution operations on behalf of a global online retailer. ID Logistics plans to bring the property into operation gradually from Q3, 2026, with full operations commencing in Q2, 2027. At peak capacity, up to 50,000 parcels will be processed daily.

The arrival of ID Logistics will also create around 300 new jobs at the Alsdorf site in the coming months, making a lasting contribution to the economic development of the region.

In addition to its extensive warehouse space, the property includes office, welfare and technical facilities. A total of 296 car parking spaces and 10 HGV spaces are available on site. The location benefits from excellent transport connectivity, with direct access to the A44 and A4 motorways providing strong links to the metropolitan regions of Cologne and Düsseldorf, as well as to key European transport corridors, making it ideally suited for international supply chain operations.

The Rhine-Ruhr region is one of Europe's most significant logistics markets, offering businesses a strong industrial base and a well-developed infrastructure network.

Logicor has signed a major lease at its at Alovera logistics park in Guadalajara, Spain, with Cainiao, the eCommerce supply chain solutions arm of Alibaba Group. The agreement means that Logicor has achieved full occupancy at the logistics park.

With the rise of eCommerce across Southern Europe driving demand for quality, well located real estate, Rio Henares 18 is perfectly located on Madrid's third ring road. With direct access to the national motorway network, the park offers the scale, specification and connectivity that leading logistics operators demand.

As demand for cross-border eCommerce continues to surge across Europe, Cainiao is accelerating the expansion of its local warehouse network to better serve customers. Its investment in cutting-edge automation, such as self-developed climbing robots, underscores its commitment to delivering world-class logistics efficiency and ensuring a seamless end-to-end retail experience for consumers in Spain.

The new tenant will occupy Building 3, a best-in-class unit spanning 37,596 m2 GLA, with the lease commencing April 2026.

The deal lands just three months after Logicor secured a major tenant in Building 2, rapidly completing the park's full occupancy.

With only seven transactions of this scale completed across Spain last year, this agreement is a standout in the market.

Reaching full occupancy at Alovera, Rio Henares 18 reinforces Logicor’s strategic position in the Henares Corridor. Securing a tenant for a unit of over 30,000 m2 is no small achievement in a highly competitive market, where leasing XXL spaces requires the right combination of timing, visibility and operator confidence.

SEGRO has signed two new leases in Building D of SEGRO Logistics Park Marly-la-Ville, in the Val-d’Oise, with Grospiron Mobility Solutions, which is joining the customer portfolio in France, and Quai 77, already present on the site, which is expanding its operations there.

With these two transactions, Building D, with a total floor area of approximately 23,450 m2, is now fully let.

Grospiron Mobility Solutions, a leading provider of international relocation and mobility management services, is leasing 4,982 m2. Already established in France and internationally, notably in Dubai and Hong Kong, the Company is continuing to roll out its global logistics network. The choice of Marly-la-Ville is part of a strategic plan, based on the site’s immediate proximity to the Roissy-Charles-de-Gaulle airport hub, as well as its suitability for the Group’s operational requirements and growth prospects.

As part of this development, SEGRO will fit out approximately 100 m2 of office space integrated into the logistics facility, enabling optimised on-site operational management. This new platform will host warehousing activities, international supply chain management and value-added logistics services, directly supporting the international mobility operations of the Group’s clients.

This facility strengthens Grospiron Mobility Solutions’ ability to offer integrated solutions, combining logistics expertise, mastery of international flows and premium service quality, for the benefit of its corporate and private clients.

For its part, Quai 77, a specialist in logistics and transport, established since 2021 in approximately 5,000 m2 within Building D, is continuing to expand within the park by leasing an additional 6,859 m2 of space. This expansion will enable the Company to support the growth of its business and respond to new market opportunities. In this new unit, Quai 77 will carry out storage and transport operations to accommodate the recent increase in its volumes.

Located 30 minutes from Paris and 12 minutes from Paris-Charles de Gaulle Airport, with quick access to the A1 and the Francilienne, the SEGRO Logistics Park Marly-la-Ville benefits from a strategic location at the heart of the main logistics hub in northern Île-de-France. Spanning 25 hectares, the park comprises nearly 120,000 m2 spread across five independent buildings. Building D offers a clear height of approximately 9.50 metres and ICPE authorisations suitable for logistics use.

CTP has signed a long-term 15-year lease extension with mail order company Walz GmbH for its approximately 46,000 m2 facility location at CTPark Bad Waldsee in the Ravensburg district of southern Germany.

The agreement marks a continuation of the long-standing relationship between CTP and Walz and underlines the strategic importance of the Bad Waldsee site to Walz’s ongoing operations and future growth. At the location, Walz occupies a mix of office, warehouse and logistics space, supporting its core mail-order and distribution activities.

The single-tenant property at Steinstraße 28 comprises 45,650 m2 of rental space on a total plot area of 79,120 m2. As part of the renewed agreement, CTP will implement targeted modernisation measures at the site, enhancing the quality of the location and advancing sustainable and future-proof building structures.

This lease extension demonstrates CTP’s wider leasing strategy, which is centred on deepening long‑term relationships and growing alongside existing customers across its park network, reflected in 71.0% of CTP’s leases in 2025 being signed with existing tenants. During the same period, CTP reported an 81.0% client retention rate, underlining the strength of repeat business and client stickiness across the portfolio.

CTPark Bad Waldsee benefits from its location in the economically strong Upper Swabia region, with excellent connectivity via the B30 and B465 federal highways, providing quick access to the A96 motorway (Munich–Lindau) as well as the A7, one of Germany’s key north–south transport corridors. The site is also well served by public transport, with rail links from Bad Waldsee station and local bus connections supporting commuter access for employees.

Apera AI enables the next wave of factory automation with 4D Vision, bringing Physical AI to robots so they can perceive, reason, and act in dynamic, unstructured manufacturing environments

Zebra Ventures, the corporate venture capital arm of Zebra Technologies Corporation, has announced a strategic investment in Apera AI, a provider of 4D Vision for industrial robots. This venture investment reinforces Zebra’s focus on digitising and automating workflows to accelerate frontline operations for organisations in the manufacturing and logistics industries and beyond.

Apera AI’s 4D Vision system equips robots with real-time visual intelligence, enabling them to locate, identify, and manipulate complex parts with speed, precision, and reliability. Apera AI uses light-resilient stereo vision and AI models to function reliably in dynamic, real-world factory conditions, adapting to shifting bins, changing lighting conditions, worn grippers, and complex part geometry.

The solution enables robots to perform challenging tasks – like picking clear, shiny, or overlapping parts – using adaptive vision trained in virtual simulation environments. The Apera 4D Vision technology is optimised for unstructured, fast-paced production lines where flexibility, speed of deployment, and adaptability are critical.

With the investment from Zebra Ventures, Apera AI will enhance its ability to support customers who require fast, scalable deployments, particularly in complex or variable manufacturing environments where Physical AI delivers adaptability. Manufacturers can deploy Apera-powered systems with minimal engineering time, accelerating ROI and reducing automation friction.

GXO Logistics has implemented the first Autoload system in Europe for Grupa Żywiec in Elbląg, one of the leading beer producers. The new technology significantly increases throughput, enhances workplace safety and elevates operational standards within the companies’ longstanding partnership.

As a technology leader and early adopter of advanced automation, GXO continues to set new benchmarks for operational performance. With nearly 50.0% of its Central Europe revenue generated from automated operations, a continuous improvement mindset enables the Company to deliver measurable efficiency gains and support customers’ long-term growth.

The Autoload system (Automated Truck Loader System), launched earlier this year, automates trailer loading and unloading, replacing traditional forklift operations. While standard processes require loading each pallet individually, Autoload completes the full trailer movement in a one‑shot cycle, reducing operation time to around two minutes. Its precise mechanical action eliminates human error risk, increases safety by reducing Material Handling Equipment activity in loading docks, ensures stable and repeatable process quality, and is scalable, with the ability to integrate with existing warehouse automation. The system also enables a higher number of transport movements using the same infrastructure, improving efficiency and reducing operational costs.

The Autoload installation is the latest innovation in a partnership that spans more than a decade. Over the course of the partnership, GXO and Grupa Żywiec have implemented several ESG initiatives which have delivered a significant reduction in energy consumption and a significant decrease in glass usage thanks to returns process improvements.

KNAPP and Doosan Logistics Solutions are marking another milestone in Korean retail logistics. Asung Daiso, which operates Korea’s leading fixed-price store chain, will implement a highly automated omnichannel solution with KNAPP at their new location in Yangju, which is also the largest KNAPP shuttle system ever built in South Korea.

The installation is the eleventh KNAPP project in Korea, and the fourth project with Asung Daiso, impressive proof of the many successful years of collaboration between KNAPP, Doosan and Asung Daiso.

Asung Daiso developed from a Korean startup into the most popular fixed-price retail chain in South Korea, with a 2024 turnover of around €2.46 billion, the highest in company history. The Company offers a particularly broad assortment of goods – around 50,000 items, including household, kitchen, home decor and living accessories, stationery and office supplies, beauty products and toiletries as well as leisure products and children’s items. A steadily growing product range, strong demand in eCommerce and the need to supply around 1,000 stores daily led to the strategic decision to build a new, high-performance logistics centre. The aim of the project is to combine all sales channels in one integrated omnichannel solution for the first time.

KNAPP’s powerful Evo Shuttle 1D is the heart of the new installation and is designed optimally for the dynamic requirements of Asung Daiso, delivering high storage density, flexibility and scalability. The large variety of items, strongly fluctuating quantities and the need for high throughput required a system that allowed not only batch picking for store deliveries but also rapid, ergonomic goods-to-person processes for e-commerce. Based on their positive experiences with the three existing systems, Asung Daiso chose to work with KNAPP again, a decision that gives them the support they need for their long-term growth strategy.

The new logistics centre in Yangju has four levels providing a total of 165,000 m2 of warehousing space and is one of the most powerful omnichannel systems in the Korean retail sector. The centrepiece of the installation is a 20-aisle Evo Shuttle 1D that provides almost 140,000 storage locations. The shuttle solution allows high‑capacity storage and retrieval of items within the system, where high-performance shuttle robots operate to supply all different channels reliably.

The system works alongside other modern technologies across the entire process chain: a powerful sorter in the flow rack area, ergonomic Pick-it-Easy-stations for processing online orders as well as a comprehensive system of conveyors and connecting lines across all levels. A batch picking concept is used for store deliveries, where large order quantities are assembled rapidly and supplied by item type. The processes of the new warehouse are controlled and optimised by KNAPP’s end-to-end software solution KiSoft – including WCS and KiSoft Analytics – ensuring maximal and up-to-the-minute transparency. The installation can handle daily volumes of up to 50,000 eCommerce orders while also supplying around 1,000 stores with more than 1.1 million items a day.

KNAPP and Doosan Logistics Solutions enjoy long-standing collaboration based on trust. Since 2018, the two partners have realised sophisticated logistics projects and implemented three high-performance installations that have significantly contributed to the growth of Asung Daiso. The close cooperation, deep understanding of processes and the ability to precisely tailor the solutions to the unique requirements of the Korean retail market created the foundation for what is now their fourth project together. With the new installation in Yangju, the three companies carry on with their successful partnership to create a logistics solution that will be fit for the future and that will reliably support Asung Daiso’s growth in all sales channels.

Evri Group has taken the next step on its robotics journey as it announced it is trialling two automated guided vehicles (AGVs) at its Rugby hub, marking the first step in what Evri is calling ‘under the roof’ robotics.

Currently, Evri has workers moving cages or pallets with cardboard in from one end of the hub to another all day, every day. The introduction of these robotic vehicles means they can pick up the load, and as a growing business, investing in robotics like this allows existing workers to be redistributed to more productive and meaningful tasks to meet the growing demands of increased parcel volumes as well as being upskilled to become robot handlers.

These automated power pallets have a built-in LiDAR (Light Detection Ranging) to detect ceiling mounted sensors which guide and map vehicle’s route. The AGV will be programmed to follow the route from A to B and scheduled stops can be included if needed and on a continuous loop allowing workers to load or unload manually along the way. It carries a load of up to 1.5 tonnes. They can also be switched from automated to manual if required.

The announcement comes following successful trials of a robotic delivery dog last August as well as an on-going trial of autonomous deliveries in Barnsley, the UK’s official and only ‘Tech Town’, where Evri’s largest hub is based.

JAL Ground Service, responsible for ground handling operations (such as aircraft towing and baggage/cargo loading and unloading) at major domestic airports for the JAL Group, and GMO AI & Robotics Trading (“GMO AIR”), which promotes the social implementation of AI and robotics within the GMO Internet Group, will launch a demonstration experiment for the utilisation of humanoid robots at airports, the first of its kind in Japan, starting in May 2026.

Ground handling operations are conducted in environments that rely heavily on human manual labour, such as operating various shapes of Ground Support Equipment (GSE) within limited spaces around aircraft. Conventional fixed automated facilities and single-function robots have had difficulty adapting flexibly to these existing infrastructures and complex operational workflows. This project, therefore, focuses on "humanoid robots" that possess a range of motion and adaptability comparable to humans, and is set to begin a demonstration experiment. Being human-shaped allows their introduction without significant modifications to existing airport facilities or aircraft structures. In the future, these robots are expected to be used across a wide range of tasks, from loading baggage to cabin cleaning, and even operating GSE. By combining cutting-edge AI technology with the unique flexibility of humanoid forms, the project aims to realise a sustainable operational structure through labour savings and workload reduction.

Currently, the aviation industry faces a serious challenge in ground handling labour shortages due to factors such as an increase in inbound tourism coupled with a declining working-age population. Ground handling operations require highly skilled personnel to maintain safety, such as aircraft marshalling and baggage/cargo handling, while also imposing significant physical burdens. In response to this situation, JGS and GMO AIR have agreed to leverage their respective strengths and commence a demonstration experiment to verify the potential for humanoid robots to achieve labour savings and workload reduction in ground handling operations.

This project, commencing in May 2026, involves mid-to-long-term phased verifications. Initially, operations at airport sites will be visualised and analysed to identify areas where humanoid robots can operate safely. Subsequently, repeated operational verifications simulating actual airport environments will be conducted, with the ultimate goal of establishing a sustainable operational structure through labour savings and reducing workload by having humanoid robots complement human tasks.

Through this demonstration experiment, both companies aim to establish an environment in which humanoid robots can operate safely and effectively on the frontlines of airport operations. By offering new AI and robotics technology solutions to the industry-wide challenge of human resource shortages in ground handling operations, this initiative will contribute to sustainable development in the aviation industry and promote work-style reform at airports.

Zelostech, a global leader in autonomous logistics technology and the world’s largest RoboVan enterprise, has officially signed an expanded strategic Memorandum of Understanding (MoU) with Singapore Post (SingPost), to explore collaborating in a partnership between the two companies in Singapore’s autonomous logistics development.

This MoU represents the next phase of collaboration following the successful deployment and operational cooperation between Zelostech and SingPost across autonomous logistics scenarios. Moving beyond a commercial partner, SingPost and Zelostech are exploring a strategic partnership to jointly shape the future of autonomous logistics in Singapore.

Under the MoU, both parties intend to work closely to jointly pursue public road deployment for autonomous logistics vehicles, accelerate large-scale commercial deployment, and establish Singapore as a benchmark market for fully driverless urban logistics.

The partnership intends to also focus on autonomous vehicle operations, fleet management, and distribution business development in Singapore. Zelostech will explore contributing its advanced autonomous driving technology, operational expertise, and regulatory resources to support safe public road AV deployment, while also providing training for SingPost’s operational teams in fleet monitoring, management, and maintenance, as well as establishing an autonomous vehicle distribution business by providing seed vehicles and technical resources. SingPost will similarly explore assigning dedicated teams for autonomous fleet management training and work alongside Zelostech to accelerate operational readiness and long-term commercialisation.

This MoU reflects the strong mutual trust built between both parties after extensive real-world operations and collaboration. Through continuous testing, deployment, and system optimisation, Zelostech and SingPost have developed a highly aligned understanding of how autonomous logistics can transform postal operations, improve efficiency, and support Singapore’s broader smart mobility and sustainability goals. More importantly, both companies aim to contribute to the continuous improvement of Singapore’s autonomous driving regulatory framework by contributing to policy advancement and helping shape a more mature ecosystem for commercial autonomous vehicle deployment.

As one of Zelostech’s most important international markets, Singapore serves as a strategic global showcase for the Company’s autonomous logistics solutions. With its highly regulated transport environment, advanced urban infrastructure, and strong policy support for innovation, Singapore has become a critical template market for validating both closed-road and open-road autonomous logistics applications.

Zelostech has already achieved several major milestones in Singapore, including becoming the first RoboVan company to obtain approval for public road deployment and the first to secure fully driverless commercial operation approvals for autonomous logistics vehicles with the FairPrice Group. Its autonomous vehicles are also operating in partnership with other major enterprises including SingPost and DHL across multiple high-frequency logistics scenarios in private road settings, with plans for eventual operations on public roads.

Subject to the finalisation of definitive agreements, this upgraded strategic partnership with SingPost will further strengthen Zelostech's leadership position in Singapore and provide a scalable model for future global expansion across Asia-Pacific, the Middle East, Europe, and beyond. As global logistics continues to move toward intelligent, low-carbon, and highly automated operations, the collaboration between Zelostech and SingPost demonstrates how technology leaders and national postal operators can work together to define the future of urban logistics.

Scania and Gruber Logistics are launching Italy's first real-world hydrogen fuel cell heavy truck trial from May 2026, putting a pre-production Scania 40R FCEV to work on actual commercial freight routes under the European ZEFES decarbonisation initiative.

The truck delivers 300 kW of fuel cell power, a 400 kW electric motor, up to 1,000 km of range, and refuelling times under 20 minutes. It will be used by Gruber Logistics to transport loads for customers including Nestlé, P&G, Verallia Italia, ABB, and Birra Forst.

The system enables longer ranges than BEV-only configurations. Rapid refuelling makes hydrogen a suitable solution for complex and decentralised logistics operations.

Scania's Pilot Partner strategy aims to test new technologies by working with selected customers to gain practical knowledge for the green transition of heavy-duty transport. In addition to operational tests, demonstrations, participation in trade fairs, and training sessions to share best practices are planned.

Scania acknowledge that this is not an optimised vehicle in its final configuration, but a transitional solution that allows it to leverage developments in the electric powertrain and evaluate the behaviour of the fuel cell system in real-world conditions. The next step is then to optimise the layout to reduce overall dimensions and the battery packs, which are currently oversized.

The Scania 40R FCEV will offer up to 1,000 km of range (690 km on hydrogen and 310 km on batteries), 56 kg of hydrogen capacity at 700 bar in four tanks, and a payload of 23 tonnes, for a gross vehicle weight of 44 tonnes. These features place it at the forefront of long-distance testing and use by commercial operators.

Maritime Transport and Coca-Cola Europacific Partners (CCEP) have reached a significant milestone in decarbonising GB road freight, with the first fully electric heavy goods vehicle (eHGV) now operating across CCEP’s GB logistics network.

The partnership has focused on making electrification work in practice. The two companies worked collaboratively to optimise deliveries and routes, providing the proof of concept that eHGVs can transport soft drink payloads.

The deployment marks a new phase in the long-standing partnership between the two companies and, for the first time, integrates electric road transport into CCEP’s GB domestic supply chain as part of its wider ambition to reduce value chain emissions through its sustainability action plan.

The Mercedes-Benz eActros 600 entered service in January and now operates on dedicated delivery routes from CCEP’s manufacturing site in Wakefield – Europe’s largest soft drinks plant by volume. Running five days a week, the vehicle completes multi-drop deliveries, supplying soft drinks to convenience and wholesale customers. The nature of the work, with planned routes and consistent payloads, makes it well suited to electrification. The vehicle is currently operating as a proof of concept, with performance being closely monitored as both businesses assess how electric vehicles can be applied more widely across CCEP’s network.

Since entering service, the eHGV has travelled more than 7,000 miles, saving an estimated 12.43 tonnes of CO2e compared to equivalent diesel journeys. Charging takes place at Maritime’s transport depot in Wakefield, where high-powered infrastructure has already been installed to support the Company’s growing electric fleet, using electricity sourced from 100.0% renewable energy across the business.

The initiative forms part of Maritime’s wider investment in decarbonising road freight through Maritime ZERO, its zero-emission road transport division. Delivered in part through the government-backed Zero Emission HGV and Infrastructure Demonstrator (ZEHID) programme, Maritime is introducing 56 eHGVs across its national network during 2026, alongside the development of one of the country’s largest independent charging networks with more than 22MW of installed power once complete. Rollout is already underway, with 12 eHGVs now in operation at Wakefield – the first site to go live – a further 10 based at Maritime’s rail terminal in Tamworth, and two eHGVs at East Midlands Gateway. Additional locations will follow and be energised over the coming weeks and months.

For CCEP, initiatives of this kind are central to its This is Forward action plan, which sits at the heart of its long-term business strategy. The Company has committed to reaching net zero greenhouse gas emissions across its entire value chain (Scopes 1, 2 and 3) by 2040, alongside a 30.0% reduction target by 2030. Transport, including fleet and third-party distribution, accounts for around 10.0% of its total carbon footprint. As a result, the business is focused on transitioning to electric and ultra-low emission vehicles, optimising transport routes, and working closely with logistics partners to drive down emissions.

CCEP is supportive of UK Government ambitions to decarbonise HGV transport in the UK and is part of the Climate Group business coalition EV100, which looks to support the transition to electric vehicles. As the UK Government seeks to phase out the sale of non-zero emissions HGVs by 2040, action is now required to create reforms allowing eHGVs to carry heavier loads to maximise load capacity, reduce carbon emissions and repeat deliveries.

Maritime has supported CCEP’s GB distribution operations since 2014, with the partnership evolving significantly in recent years as both companies have intensified efforts to reduce supply chain emissions. In 2022, the relationship expanded to include rail, with Maritime launching a domestic distribution service between its terminals in Wakefield and at the Port of Tilbury. Operating six days a week as part of an integrated road and rail solution, the rail service removes millions of road miles annually and cuts carbon emissions by close to 50.0% compared to a road-only model.

Maritime and CCEP are now exploring opportunities to expand the use of eHGVs, including the potential deployment of additional vehicles in the South as Maritime’s charging infrastructure develops and as the initial deployment is evaluated.

Bridgestone Americas (Bridgestone) and Penske Transportation Solutions (Penske) announced the findings of the first phase of their shared initiative, the Decarbonisation Lab (Lab). The Lab was designed to identify and validate commercially viable, near-term solutions that help reduce CO2 emissions for commercial fleets under real-world conditions. Penske and Bridgestone plan to continue refining their approach and testing additional solutions in a second phase of the Lab in 2026.

The Lab tested the performance of three core elements: tyres and retreads, renewable diesel, and route optimisation. In partnership with advanced data analytics provider Dynamon, the Lab demonstrated compelling results from more than 500,000 fleet miles in the first phase.

Tyre and Retread Performance: Deploying low-rolling-resistance retreads, IntelliTire pressure monitoring, and Bridgestone tyre casings on Penske trucks demonstrated a 6.35% improvement in miles per gallon (mpg).

Renewable Diesel Evaluation: With emissions reduction benefits from renewable diesel already established, the teams set out to test the feasibility of deploying this drop-in fuel in Tennessee – a location outside of Low Carbon Fuel Standard (LCFS) states like California and Oregon. The test was also designed to study the long-term maintenance and efficiency impacts of running the premium fuel in the Penske fleet.

Route Optimisation and Logistics Efficiency: Penske and Bridgestone logistics and engineering teams are working together to optimise Bridgestone's automotive tyre retail distribution network. The collaboration is projected to result in a reduction of approximately 152,000 miles from this transportation network. If scaled across the Penske-Bridgestone dedicated fleet, this would be equivalent to a 4.0%-6.0% decrease in CO2 emissions.

The Decarbonisation Lab illustrates how combining well-known technologies with disciplined data collection, fleet-scale pilots, and a deeply collaborative approach can unlock meaningful CO2 reductions and operational cost savings. The Lab underscores a key message for the industry: decarbonisation is a complex challenge that no one company can tackle alone. Collaborations like this are essential to implementing near-term sustainability solutions.

Aramex has announced that Amadou Diallo has officially assumed his role as Group Chief Executive Officer, effective 01 May 2026. This is a significant milestone for Aramex as the Company continues to execute its Accelerate28 strategy, aimed at strengthening its core business, enhancing customer experience, and scaling capabilities across key growth markets.

Amadou Diallo brings over 30 years of global experience in the logistics and transportation industry, with a strong track record of leading large-scale operations and driving transformation across key markets.

Looking ahead, the priority will be to build on Aramex’s strong foundations by driving operational excellence, advancing digital capabilities, and enhancing the end-to-end customer experience.

Aramex also extended its appreciation to Nicolas Sibuet, who has served as Acting Group Chief Executive Officer for the past twelve months. Mr. Sibuet has brought strong leadership over this period igniting transformation and momentum across the business.