CMA CGM Group has published its financial statements for the third quarter of 2025. The Group continues to demonstrate resilience and discipline. Shipping remains solid, terminals are gaining momentum, and air freight continues to perform well, illustrating, together with logistics, the growing complementarity across activities.

The year 2025 continues to be significantly impacted by the geopolitical context and trade tensions, particularly between the US and its key trading partners. In this complex environment for global trade, the Group reports a decline in performance in the third quarter compared to the previous year, with a slowdown in maritime activity. Nevertheless, the Group's performance has improved quarter-on-quarter following a second quarter that was marked by an almost complete halt in trade between China and the US. Disruptions related to the situation in the Red Sea and the Gulf of Aden have continued to pose numerous operational challenges.

In the third quarter of 2025, revenue amounted to US$14.0 billion, down 11.3% compared to Q3, 2024. EBITDA declined to US$3.0 billion, a decrease of 40.5% compared to the previous year. The margin stood at 21.0%, down 10.3 points.

In Q3, 2025, the global container shipping market experienced a mixed environment due to unpredictable changes in trade policies. Nevertheless, volumes remained dynamic, supported by strong regional trade and south-south exchanges, while the major east-west routes were being reshaped. CMA CGM transported 6.2 million TEUs in Q3, 2025, up 2.3% compared to Q3, 2024 and up 3.4% compared to Q2, 2025, despite a volatile market environment. The increase in volumes occurred amid significant disruptions in trade between China and the US during the period, marked by stop-and-go episodes, and demonstrates the Group’s ability to redeploy its assets to capture demand where it arises. The breadth and diversification of CMA CGM’s maritime operations, with a strong presence across all major global trade lanes, enable the Group to adapt agilely to changes in the market environment and in demand. The Group’s maritime revenue reached US$9.0 billion in Q3, down 17.4% compared to the same period in 2024. EBITDA stood at US$2.2 billion, representing a decline of 48.8% versus Q3, 2024. The margin was 24.9%, down 15,3 points. Average revenue per TEU amounted to US$1,452, a decrease of 19.2% compared to the same period in 2024.

In Q3, the Group’s logistics activities recorded a decline in revenue and EBITDA, along with a slight drop in margin, mainly due to challenges in the automotive market affecting the performance of finished vehicle logistics and road transport, particularly in Europe, as well as weakness in freight management activities amid a volatile market environment. Logistics revenue amounted to US$4.6 billion, down 4.9%. EBITDA fell to US$428.0 million, down 6.8% compared to Q3, 2024. The margin stood at 9.3%, down 0,2 points.

Revenue from other activities (terminals, CMA CGM AIR CARGO, CMA Media, etc.) increased by 55.0% to US$1.2 billion, notably supported by the integration of Santos Brasil. EBITDA reached US$299.0 million, compared to US$151.0 million in Q3, 2024. The margin stood at 24.6%, up 5.3 points.

Looking ahead, the Company warned that the coming months will likely be marked by increasing capacity in the industry and softer demand across the market. In an uncertain environment, the Group remains cautious while maintaining agile and efficient management of its operations and strict cost control to preserve its competitiveness. The Group will continue to adapt and anticipate market dynamics in order to seize growth opportunities, guided by its long-term vision.

AD Ports Group has reported record net profit in Q3 2025 - the highest since its 2022 public listing, on the back of double-digit growth in quarterly general cargo volumes and container throughput, a surge in new industrial land leases, higher utilisation rates of its warehouses and staff accommodation facilities, a 31.0% increase in container feeder shipping volumes, and continued strong Ro-Ro shipping volumes following the launch of its Ro-Ro shipping JV with Türkiye's Erkport, UGR, earlier in the year.

AD Ports Group continued to build on its strong performance momentum in 2025, reinforcing its industry leading position. The Group’s performance reflects its focus on long-term value creation, operational resilience, and strategic market and service offering expansion.

In terms of financial reporting, the Group has simplified and streamlined its corporate structure by transforming its Digital cluster to a federated model in order to better support its growth strategy, efficiency and performance, particularly accelerating AI initiatives and deployment of Agentic AI across its core operations. The vertically integrated and synergistic model is now structured around four clusters - Ports, Economic Cities & Free Zones (EC&FZ), Maritime & Shipping, and Logistics - with digital services better aligned with business requirements, strengthening the Group’s ability to serve external customers and swiftly adapt to fast-changing market conditions.

This integrated approach has enabled AD Ports Group to successfully navigate ongoing supply chain disruptions in global trade and emerging tariff regimes whilst maintaining service reliability and capturing new cargo flows.

Ports and Economic Cities & Free Zones remain the backbone of the Group’s infrastructure-led growth strategy, whilst Maritime & Shipping and Logistics complement and support the infrastructure assets to offer customers a one-stop shop and end-to-end solutions.

In Q3 2025, the Company recorded robust increases in ports container throughput and general cargo volumes, industrial land leases, and container feeder shipping volumes. Whilst the backdrop of regional conflicts and tariff volatility remains a reality of the current global operating environment, AD Ports Group aims to stay one step ahead of the turbulence, driving forward its profitable expansion, and the sustainable transition of the industry.

Strategic wins in Q3 2025, sustained strong volumes growth, and further improvement in utilisation levels continue to validate the Group’s expansion strategy revolving around investing along key trade routes and turning Abu Dhabi into a global trade and logistics hub with strong connectivity to key regions and the UAE’s major trading partners.

The Group’s underlying operational performance was strong across the Ports, Economic Cities & Free Zones, and Maritime & Shipping clusters.

In Ports, quarterly container throughput soared 20.0% YoY, whilst general cargo volumes increased 12.0% YoY. CMA Terminals Khalifa Port, which started commercial operations at the beginning of 2025, was close to reaching 1.0 million TEUs year-to-date, with a quarterly utilisation of 87.0% (70% in 9M 2025).

In EC&FZ, another 800,000 m2 of new land leases (net) were signed in Q3 2025, bringing the total new land leases year-to-date to 2.4 km2, whilst utilisation in the staff accommodation business, Sdeira Group, made another leap to 85.0% vs. 64.0% in Q3, 2024, and 80.0% in Q2, 2025.

In the Maritime & Shipping cluster, container feeder shipping volumes rose 31.0% YoY to 900,000 TEUs, driven by increased services and capacity, whilst the bulk, multipurpose, and Ro-Ro shipping vessel fleet reached 43 as of Q3. 2025, up from 29 at the same period a year earlier, mainly on capacity expansion for UGR. The marine services vessel fleet expanded as well, with 76 vessels as of Q3, 2025, up from 66 in Q3, 2024.

Double-digit operating profit growth in the infrastructure clusters Ports and EC&FZ, lower finance costs, and positive impact from income tax resulted in total net profit growing 34.0% YoY in Q3 2025.

AD Ports Group’s Revenue soared 16.0% Year-on-Year (YoY) to AED5.39 billion in Q3, 2025, driven by the Maritime & Shipping, Ports, and Economic Cities & Free Zones clusters. EBITDA remained stable at AED1.20 billion in Q3, 2025, implying an EBITDA Margin of 22.3%. Quarterly operating profitability was impacted by the restructuring of the former Digital cluster.

Profit Before Tax stood at AED595.0 million, up 17.0% YoY, supported by a 18.0% decline in finance costs coupled with a reversal of a previous impairment charge. Total Net Profit grew by a robust 34.0% YoY to AED596.0 million on the back of a tax reversal related to the UAE corporate tax filing for 2024.

J&T Global Express announced its key performance highlights during the Double 11 peak season. Driven by global eCommerce sales events, including Double 11 and Black Friday, J&T's global parcel volume grew rapidly. On 11 November, J&T Express's global daily parcel volume once again surpassed the 100-million mark, hitting a new record high and representing a 9.0% year-on-year ("YoY") increase.

With multiple promotional seasons occurring consecutively, J&T's average daily global parcel volume from November 1 to 12 reached 94.59 million, a 15.0% YoY increase. This was led by particularly rapid growth in Southeast Asia and New Markets, which achieved robust YoY growth of 78.0% and 83.0% respectively. This performance fully demonstrates the Company's indispensable strategic position within the global eCommerce ecosystem and its exceptional service resilience.

During this year-end peak season, the Southeast Asia market continued its consistent dynamism. In the Philippines, the average daily parcel volume during Double 11 surged by up to 55.0% compared to ordinary days. Several Southeast Asian markets, including Singapore, Indonesia, and Vietnam, showed significant growth during the early November promotional period. Vietnam experienced explosive growth, with its cumulative parcel volume from November 1 to 11 soaring by 211.0% YoY.

In anticipation of the year-end peak season, J&T proactively executed 18 capacity expansions and upgrades in Thailand. These encompassed capacity enhancements at 10 hubs and eight distribution hubs, alongside the deployment of five additional sets of fully automated sorting equipment, resulting in an overall site capacity increase of 80.0%. To bolster transportation and manpower, Thailand deployed over 300 additional temporary line-haul vehicles daily and arranged for more than 9,000 staff at last-mile outlets during the peak period.

In China, J&T Express, leveraging its differentiated service strategy and continuously enhanced network capabilities, once again served as the designated logistics partner for all major eCommerce platforms. By deepening its local service presence, J&T effectively supported small and medium-sized merchants (SMEs) with flexible logistics solutions.

During the Double 11 peak season, J&T's average daily parcel volume in the Zhangzhou Longhai district achieved approximately 15.0% YoY growth, effectively managing the surge in orders and meeting next-day delivery timeliness challenges. Addressing the high timeliness demands of live streaming eCommerce, J&T achieved optimisation in fulfilment processes and innovation in return-handling mechanisms, significantly enhancing the customer experience. Through refined customer maintenance models, J&T ensured stable timeliness services for SMEs even during the high-volume sales period, efficiently handling the increased parcel volumes.

Regarding capacity assurance, J&T China completed the upgrade and renovation of 57 sorting centres across its entire network ahead of schedule. This involved expanding site capacity and deploying additional automated equipment. The scope of these upgrades was also extended to more than 1,000 last-mile outlets, ensuring smooth and efficient operations across the entire logistics chain. For last-mile delivery, J&T has deployed over 1,000 unmanned delivery vehicles throughout China. This effectively addresses the "last-mile delivery challenge" and provides coverage in both urban and rural areas.

J&T Express continues to refine its global logistics service footprint, demonstrating high growth potential in emerging markets. In Brazil, J&T's daily order parcel volume surpassed 1.0 million items on November 11-12, showcasing strong growth momentum, supported by pre-emptive expansion of line-haul capacity. In Egypt, J&T actively integrated into the local eCommerce ecosystem, growing alongside local platforms including noon. From November 1 to 12, parcel volume originating from noon increased by 41.0% compared to the same period in 2024, demonstrating the ongoing effectiveness of its regional strategy.

During this year-end peak season, J&T Express has once again demonstrated its robust global network resilience and innovation capabilities through exceptional performance. By continually investing in advanced technologies like AI-powered intelligent sorting and automated sorting centres, J&T empowers merchants worldwide, enabling rapid growth in parcel handling volume. Moving forward, J&T Express will continue to deepen its global presence, remaining customer-centric and providing more efficient, convenient, and reliable logistics services to support the continued prosperity of the global eCommerce economy.

Hapag-Lloyd achieved a Group EBITDA of US$2.8 billion (€2.5 billion) in the first nine months of 2025. Group EBIT and the Group profit were US$0.9 billion (€0.8 billion). Global trade has continued to grow despite multiple trade conflicts, which led to volatile demand and fluctuating freight rates. In Q3, 2025, the earnings improved compared with Q2 but remained significantly below prior-year due to low freight rates and upward cost pressure.

In the Liner Shipping segment, revenues increased to US$15.7 billion (€14.1 billion). This was driven by the 9.0% increase in transport volumes – compared to the same period in 2024 – to 10.2 million TEU (9M 2024: 9.3 million TEU), with the main growth on the East-West trades. At 1,397 US$/TEU, the average freight rate was 4.8% lower than the prior-year level (9M 2024: 1,467 US$/TEU). The EBITDA decreased to US$2.7 billion (€2.4 billion) and the EBIT to US$0.9 billion (€0.8 billion) due to network transition and start-up costs for Gemini and congestion related costs in various parts of the world.

The Terminal & Infrastructure segment recorded an increase in revenue in the first nine months of 2025, to US$375.0 million (€335.0 million), primarily due to the acquisition of a terminal in France. At the same time, the EBITDA stood at US$110.0 million (€98.0 million) and the EBIT at US$46.0 million (€41.0 million), both slightly below the prior-year level.

The first nine months were characterised by a highly volatile market environment, partly due to geopolitical developments and uncertainties surrounding trade policies. On the back of strong demand from customers the Company delivered strong transport volume growth and achieved a solid overall result. With the Gemini network, it set a new quality benchmark in terms of schedule reliability, which clearly sets the Company apart from its competitors. It is seeing the first cost advantages from Gemini and will deliver the planned savings in full in the course of 2026. Additionally, the Company has further expanded its terminal business under the Hanseatic Global Terminals brand.

As part of the ongoing modernisation and decarbonisation of its fleet, Hapag-Lloyd has decided to invest in up to 22 new ships in the segment with capacities of less than 5,000 TEU – probably a mix of L/T charters and owned vessels. This marks another important milestone for Hapag-Lloyd on its path to improved efficiency and net-zero fleet operations by 2045.

Looking ahead, the Company will respond agilely to changes in global trade and maintain strict cost discipline. While doing so, it will not compromise on quality for customers.

As business performance is in line with expectations, the Executive Board has further narrowed the earnings forecast for the full year 2025. The Group EBITDA is now expected to be in the range of US$3.1 to 3.6 billion (€2.8 to 3.2 billion) and the Group EBIT to be in the range of US$0.6 to 1.1 billion (€0.5 to 1.0 billion). This forecast remains subject to considerable uncertainty in view of geopolitical challenges and volatile freight rates.

JD.com, Inc. announced its unaudited financial results for the three months ended 30 September 2025. Net revenues were RMB299.1 billion (US$42.0 billion), an increase of 14.9% from Q3, 2024. Net income attributable to the Company’s ordinary shareholders was RMB5.3 billion (US$0.7 billion) for Q3, 2025, compared to RMB11.7 billion for Q3, 2024.

Cost of revenues increased by 15.4% to RMB248.6 billion (US$34.9 billion) for Q3, 2025 from RMB215.3 billion for Q3, 2024. Fulfilment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased by 35.2% to RMB22.0 billion (US$3.1 billion) for Q3, 2025 from RMB16.3 billion for Q3, 2024. Fulfilment expenses as a percentage of net revenues was 7.4% for Q3, 2025, compared to 6.3% for Q3, 2024, as the Company continues to upgrade fulfilment capabilities and invest in human capital to enhance user experience.

The Company reports three reportable segments, JD Retail, JD Logistics, and New Businesses. JD Retail, including JD Health and JD Industrials, among other operating segments, mainly engages in online retail, online marketplace and marketing services in China. JD Logistics includes both internal and external logistics businesses. New Businesses mainly include JD Food Delivery, JD Property, Jingxi and overseas businesses.

For the three months ended 30 September, JD Logistics saw net revenues increase 24.1% to RMB55.1 billion (US$7.7 billion), as income from operations declined 38.5% to RMB1.3 billion (US$0.2 billion). The operating margin declined to 2.3%, from 4.7% in Q3, 2024.

For the 9M, 2025 period ended 30 September, JD Logistics saw net revenues increase 17.5% to RMB153.6 billion (US$21.6 billion), as income from operations declined 24.7% to RMB3.4 billion (US$0.5 billion). The operating margin declined to 2.2%, from 3.4% in 9M, 2024.

On 08 August 2025, JD Logistics’ Dubai No.5 Warehouse officially launched operations in the Jebel Ali Free Zone, Dubai, UAE. This marks the opening of JD Logistics’ ninth high-standard overseas warehouse in the Middle East. The warehouse primarily provides warehousing services for a leading Chinese electronics and technology enterprise. Covering an area of over 10,000 m2, the warehouse stores nearly one million items of various sizes. With the support of the new warehouse, these high-quality products will be distributed to countries in the Middle Eastern markets, such as the UAE and Saudi Arabia.

On 19 September 2025, a JD Airlines Boeing 737-800BCF full-cargo aircraft, loaded with cross-border eCommerce parcels and high-end electronic products, took off from Shenzhen Bao’an International Airport and headed directly to Singapore Changi Airport. This marks that JD Logistics introduced a regular full-cargo route between Shenzhen and Singapore, further enhancing its air logistics network layout across the Asia-Pacific region. JD Logistics has launched multiple cross-border full-cargo routes, including those between Wuxi and Incheon, and Shenzhen and Bangkok, covering major countries in the Southeast Asian and East Asian markets.

Aramex announced its financial results for the third quarter (“Q3”) and nine-month (“9M”) period ending 30 September 2025. The third-quarter results reflect the strength of Aramex’s diversified business model and agility in navigating a changing market environment. It is seeing consistent growth in local and intra-regional activity, which now anchor a regional strategy. This transformation in revenue mix underscores the success of efforts to position Aramex as a leading regional logistics provider. Through the Accelerate28 programme, it is advancing a long-term transformation that focuses on operational efficiency, network optimisation, and digital enablement. These initiatives are already delivering early results and will continue to strengthen the foundation for sustainable growth and profitability.

The results for the third quarter and nine-month period ended 30 September 2025 reflect a period of stable revenues, continued margin recalibration, and ongoing transformation as Aramex navigates a structural shift in its product and geographic revenue mix.

The Company recorded stable Group Revenues for Q3, 2025 at AED1.6 billion, and a 1.0% increase in 9M, 2025 revenues to AED4.66 billion. The resilient performance came in amidst the industry-wide shift toward regionalisation and nearshoring, supported by growth in Domestic Express, Freight Forwarding, and Logistics, which together offset the softness in long-haul International Express. Domestic and regional logistics solutions accounted for a growing share of Group revenues, highlighting the Company’s ability to capture evolving trade flows closer to end-consumer markets. Aramex continued to benefit from sustained intra-regional demand in its key markets.

From a regional perspective, the GCC remained the largest revenue contributor, supported by healthy economic fundamentals and resilient intra-regional trade. Oceania continued its turnaround, recording further improvements in both top-line and profitability.

Revenue was also impacted by tariffs and regulatory shifts, particularly in select international trade lanes. The oil and gas sector slowdown also had a temporary impact on freight activity. Despite these headwinds, Aramex delivered growth in key product lines, driven by regional demand and continued customer diversification.

Impacted by nearshoring trends, the International Express product continues its recalibration from long-haul to short-haul, leading to a 9.0% and 13.0% YoY revenue decline in Q3, 2025 and 9M, 2025, respectively. In contrast, Domestic Express revenues rose 5.0% in Q3, 2025 and 10.0% in 9M, 2025, Freight Forwarding increased 4.0% in Q3, 2025 and 6.0% in 9M, 2025, and Logistics posted double-digit growth in both periods of 16.0% and 20.0% respectively. The Logistics business reported better quality revenue and improved profitability, reflecting the payoff from past investments in infrastructure, specialised services, and contract optimisations.

In line with expectations, the reduced contribution from the higher-margin International Express business continues to shape the Group’s profitability profile. Gross Profit for 9M, 2025 stood at AED1.06 billion, down 4.0% YoY, with a Gross Profit Margin of 23.0% for the same period. This recalibration reflects the evolving product mix, inflationary cost pressures, and continued investment in regional capacity.

Group Selling, General and Administrative Expenses (SG&A) remained broadly in line with previous quarters as a percentage of revenue, reflecting consistent cost discipline. During Q3, 2025 the Company continued to make good progress with its transformation programme, launched earlier in the year under the Accelerate28 strategy.

Normalised EBIT, excluding one-off expenses associated with the ongoing transformation programme and the ADQ acquisition costs, was up 9.0% in Q3, 2025 to AED74.0 million, underscoring the Company’s focus on operational efficiency and overhead management. Normalized EBIT for the 9M, 2025 period reached AED169.0 million. Normalized Net Profit, excluding the transformation and acquisition costs, was AED27.0 million in Q3, 2025, stable compared to Q3 2024. For the 9M period, normalised net profit reached AED60.0 million.

The Express product, which consolidates Aramex’s International and Domestic Express services, reflected the ongoing structural shift in shipment flows towards more intra-regional activity. Consolidated Express volumes grew both in the 9M period as well as through Q3, driven by local and intra-regional Domestic activity, offsetting the decline in International Express volumes. International Express revenues declined 13.0% YoY in 9M 2025 and 9.0% in the Q3 period, while Domestic Express remained a bright spot, recording 10.0% revenue growth over 9M and 5.0% over third quarter, driven by robust consumer demand and expanding eCommerce business in GCC and MENAT. The overall Express gross profit margin moderated to 27.0% in the nine-month period this year, reflecting the change in product mix and higher operating costs as the Company expands domestic infrastructure in key markets. The product’s profitability continues to adapt as the mix shifted toward intra-regional shipments. The Q3 margin also reflected the positive impact of a one-off VAT refund, which is expected to recur annually in the third quarter, though its impact may vary across the rest of the fiscal year.

Freight Forwarding segment achieved 6.0% revenue growth YoY for the 9M period and 4.0% in Q3, 2025. Growth in Freight Forwarding was driven by double digit volume growth in air freight, sea freight FCL, land freight FTL and land freight LTL for both Q3, 2025 and 9M, 2025. The performance underscores Aramex’s ability to capture regional trade activity in key sectors such as energy and industrials, even as global logistics markets experience volatility. Gross Profit Margin for the segment remained stable at 13.0% across periods, reflecting disciplined pricing and optimised network utilisation despite industry-wide margin pressure and trade route volatility.

The Logistics and Supply Chain Solutions product continued its strong trajectory, reporting double-digit growth for both revenue and gross profit for 9M and Q3, 2025. Revenues rose 20.0% and 16.0% respectively, reflecting sustained demand for warehousing, fulfilment, and value-added logistics services. The segment benefitted from near-full capacity utilisation across Aramex’s key facilities in the UAE, Saudi Arabia, and Egypt, as well as the successful onboarding of new long-term quality contracts. The segment also delivered standout profitability, with Gross Profit rising 58.0% for the 9M period to AED78.0 million and 35.0% in Q3, underscoring the segment’s growing contribution to Group margins and operational leverage. Margin improved to 20.0% in both periods, supported by higher revenue per square meter and an enhanced customer portfolio mix focused on quality, long-term engagements. Logistics remains a strategic enabler within Aramex’s transportation ecosystem, complementing the Express and Freight businesses and positioning the Group for long-term sustainable growth.

Mainfreight has reported its financial result for the six months ended 30 September 2025. The Company’s headline results include revenue of NZ$2.61 billion up 2.1%, profit before tax (PBT) of NZ$131.72 million, down 18.3% and net profit of NZ$93.38 million, down 18.5%. After minimal foreign exchange impacts, group revenue is down 1.4%, PBT is down 19.4% and net profit is down 19.7%.

Net capital expenditure totalled NZ$102.7 million for the half year period to September 2025. Expenditure on property was NZ$67 million. Capital expenditure is expected to be $215.4 million in the year to 31 March 2026.

Transport saw revenue up 7.0% with PBT down 20.6%. Volumes increased 3.6%. Warehousing saw revenue up 6.7% with PBT down 1.8%. Orders processed decreased 9.0%. Air and Ocean saw revenue down 5.0%, PBT down 20.9%. Sea freight TEUs increased 7.0% and air freight volumes increased 5.0%.

In New Zealand, revenues increased 3.9% as PBT fell 7.4%. Trading performance across the New Zealand divisions improved as the half year has progressed. Property cost increases for the Transport and Warehousing divisions contributed to the disappointing profit reduction. Air & Ocean revenue and gross margin management were satisfactory in a difficult trading environment, finishing in line with the prior year’s performance. Trading through October, and now November, has seen further improvement which the Company expect to continue into the new year.

In Australia, revenue fell 2.9% as PBT dropped 3.8%. Excluding the Air & Ocean project contributions from the prior period, the Australian business continues to perform satisfactorily. Higher than expected labour cost overheads impacted net margins. Transport continues to improve sales revenue as a consequence of market share gains. Gross margins remain in line with the year prior. Warehousing improved both revenue and profitability during the period. Air & Ocean, net of project influence, continues to improve market share and profitability. Trading through October, and into November, continues these current trends. Year-end expectations remain for further improvements.

In Europe, revenue climbed 5.4% as PBT declined 31.9%. Trading performance is marginally behind the year prior as a consequence of higher casual labour costs due to new customer implementations across the Warehousing and Transport divisions. Property disposal in the year prior magnifies the disappointing PBT performance versus the prior year. Air & Ocean activity continues to improve with increasing market share gains. Trading post half year-end has seen small improvements. Poorer than expected Warehousing utilisation enables additional sales opportunities without the need for any additional new facilities in the near term.

In Asia, revenue fell 7.5% as PBT dropped 5.0%. Freight revenue reductions come as a result of significantly lower Ocean freight rates, particularly on the Trans-Pacific trade lanes as a result of US tariff implementations. The Company has closed three warehousing branches due to poor profitability performance. Trading post the half year has seen similar results. The Company do not expect to see Ocean freight rate improvements for the remainder of the financial year.

In the Americas revenue fell 9.7% as PBT declined 128.0%. A disappointing performance in the US business was driven by PBT losses in the Transport and CaroTrans divisions. Transport sales revenues are in line with the prior year, however gross margin performance was poor as a consequence of higher Transport costs. Warehousing trading, whilst profitable, was below expectations as utilisation in two of the eight warehouses declined to unacceptable levels. Canadian Warehousing sales performance has improved, requiring a threefold increase in square metre footprint in Toronto. Air & Ocean performance continued to be satisfactory, despite the tariff impositions. Gross margins improved, albeit sales revenues declined on the back of low international Ocean freight rates. Trading post the half year has seen similar performance across all divisions. The Company continue to reiterate the need for patient hard work to find acceptable growth and profitability in this market.

Looking ahead, the Company expect its Australian and New Zealand businesses to continue to see improvement as it trades into the second half of the financial year. Sales activities in both regions are increasing market share, and the Company is seeing improving freight volume increases from customers. Asia will continue to trade at current levels. Improvements will be dependent on the Ocean freight rate and freight tonnage.

European operations have reduced labour costs as new customers are now settled into its warehouses. This should improve efficiencies and increasing profitability. In the Americas, the Company has had a number of sales gains across all divisions, which will improve performance. However, the Company expect acceptable returns to take time.

The Company’s network development will continue as customers encourage it to open more warehouses – with Christchurch and the planned Auckland sites as examples of this considered expansion. Market share gains in Transport require additional cross-docks, and an expanding geographical presence for Air & Ocean divisions.

The Company believes that it continues to be well positioned to find improvement after a difficult period of trading.

Mainfreight will release its financial results for the full 2026 financial year on 28 May 2026.

International Distribution Services (IDS) has announced its half year results for the period ended 28 September 2025. Group revenue was £6.45 billion, up 1.6% on the same period last year (up by 2.6% excluding the impact of the 2024 UK general election).

The first half of the year saw a rapid acceleration in the expansion of the Company’s multi-channel shop and locker options for customers worldwide. GLS grew its out of home network by more than 40.0% year-on-year to 125,000 parcel points and Royal Mail cemented its position as the UK’s largest out of home network with over 24,000 parcel points, the acquisition of a 49.0% stake in Collect+ and the launch of the Royal Mail Shop brand.

Performance is set against a backdrop of rising costs and macroeconomic pressures which are expected to continue into 2026. These include National Insurance contribution increases of c.£120.0 million, increased wage costs in the UK business and complexities in the global trading environment.

Royal Mail revenue increased 1.5% to £3.98 billion year-on-year. Excluding UK general election mail in 2024, revenue was up 3.0%. Total parcel volumes saw strong growth of 5.0% to 661.0 million, led by both international and domestic growth. Addressed letter volume (excluding elections) was down 10.0%.

GLS revenue was up 1.9% to £2.48 billion. Parcel volumes increased 3.0% to 460.0 million. GLS volumes grew year-on-year in both domestic and international, driven by strong B2C momentum and stable B2B performance. GLS continues to outpace the market in most geographies and has strong momentum with its international business, including both pan-European cross-border and promising uptake of the recently launched global shipping solution. Macroeconomic and regulatory environment in Germany and Italy remains challenging.

Waberer’s Group’s revenue amounted to €205.4 million in Q3, which represents an 8.0% year-on-year increase. The nearly €603.0 million revenue achieved in the first nine months of the year was 5.0% higher than in the same period of the previous year. Waberer’s Group continues to move forward in line with its set strategic goals and the Group has reaffirmed its earlier earnings expectations, namely that EBIT for the full year 2025 may exceed the €50.0 million mark.

Profitability has continued to strengthen. The Group’s EBIT in the third quarter amounted to €12.4 million, which corresponds to growth of over 23.0% year-on-year. The EBIT achieved in the first nine months of the year, €41.5 million, represents a 41.3% increase compared to the same period of the previous year. Consolidated net income Q3 was €11.2 million, and €32.1 million in the first nine months of the year. This represents an outstanding year-on-year growth of 106.0% and 158.8%, respectively.

In the recent period, Waberer’s has been consistently moving forward toward the goals set out in its long-term strategy. It has taken significant steps to further diversify its activities and to identify new growth opportunities. It opened a 20,000 m2 warehouse in Slovakia, taking the first major step to serve automotive industry players — which have a very significant presence in the region — with warehouse logistics and production-support services outside of Hungary as well. In parallel, a new logistics centre of over 22,000 m2 under construction in Debrecen has entered an advanced stage; this facility will enable the Company to serve the companies and industrial players of the dynamically developing Eastern Hungary region, flexibly adapting to various customer needs and industry specificities. The Company has also reached an agreement with Budapest Airport Plc. to participate in the further development of the region’s fastest-growing air cargo hub that handles the largest volumes, thus becoming involved in the handling of goods arriving by air to Hungary and the broader region.

Waberer’s Group has also launched a joint development project under a strategic agreement with the Kazakh rail freight company KTZ Express to develop an intermodal terminal capable of serving all of Europe. From this terminal, goods arriving from Asia to Europe by rail can be efficiently delivered to end-users in various European countries. This development could provide significant growth potential in the future not only for Waberer’s, but for the entire Hungarian logistics sector.

Among Waberer’s business units, the Logistics segment’s revenue in Q3 amounted to €165.4 million, which is 2.6% lower than a year earlier. The segment achieved €485.3 million in revenue over nine months, a 5.3% decrease year-on-year. The decline in revenue – similar to previous quarters – was due to the strategic shift in focus at the Polish subsidiary (LINK), including a 50.0% reduction in the size of the LINK fleet. Partially offsetting this, revenue from Pannonbusz (the road passenger transport business acquired in the second quarter) and from contract logistics activities increased significantly. Contract logistics revenue in Q3 grew by 9.5% quarter-on-quarter to €69.5 million, and rose by 7.4% in the first nine months of the year. The growth in contract logistics revenue is attributable to the ramp-up of transport tasks related to waste recycling from mid-2024, the income from third-party warehouse development activities, as well as the full consolidation of the Serbian subsidiary (MDI) starting from April 2025.It is also notable that within this segment, the Hungary-based international transportation operations achieved a 9.2% increase in revenue, primarily thanks to the expansion of subcontracted forwarding activities. The logistics segment’s EBIT in Q3 came to €5.5 million, which corresponds to an increase of more than 53.0%. The segment’s nine-month EBIT amounted to €14.0 million, representing a 2.3% year-on-year expansion.

The Insurance segment’s revenue in Q3 was €40.0 million, roughly the same as in the previous two quarters. This corresponds to an increase of nearly 94.0% year-on-year — almost double the figure of a year earlier. The segment’s revenue for the first nine months of 2025 grew by almost 91.0% to €117.5 million. This surge in revenue was driven primarily by the contribution of the Posta insurance companies acquired at the end of 2024. Of the segment’s revenue this year, 17.0% came from life insurance products, while 83.0% came from non-life insurance products. The insurance segment’s EBIT in Q3 was €6.9 million, a growth of 6.3%. For the nine-month period, EBIT was €27.5 million, representing an increase of 75.3% year-on-year.

DFDS has reported ferry – freight total volumes in October 2025 of 3.6 million lane metres, 3.7% below 2024 and 5.7% lower adjusted for route changes. YTD growth rates were -0.3% and -1.6%, respectively.

North Sea volumes were below 2024 following soft volumes on most routes. Mediterranean volumes were below 2024 due to amongst other things reduced capacity in response to increased ferry competition.

Channel volumes were below 2024 driven by a slowdown in volumes in the total Dover Strait corridor. Baltic Sea volumes were above 2024 while Strait of Gibraltar volumes were below 2024 owing to capacity changes.

For the last twelve months 2025-24, the total transported freight lane metres increased 1.0% to 41.5 million from 41.1 million in 2024-23 and decreased 1.5% adjusted for route changes.

On the ferry – passenger side of the business, the number of passengers in October 2025 was adjusted for route changes down 5.5% to 331,000 vs 2024 and the adjusted YTD growth rate was -4.3%. Higher passenger volumes in Strait of Gibraltar were offset by mainly lower Channel volumes, particularly in the coach market. The number of cars in October was 2.3% below 2024 adjusted for route changes. For the last twelve months 2025-24, the total number of passengers decreased 18.0% to 5.3 million compared to 6.5 million for 2024-23. The growth rate was -4.0% adjusted for route changes.

DFDS reports monthly ferry volumes for freight and passengers to provide insight into the development of volume trends in its European route network enabling trade and travel in and around Europe. The November 2025 volume report is expected to be published on 12 December 2025.

The CMA CGM Group has signed a term sheet to acquire a 20.0% stake in EUROGATE Container Terminal Hamburg (CTH). The transaction is expected to be completed in the first half of 2026, subject to regulatory approvals.

As a leading player in Northern Europe’s container shipping, CMA CGM already calls at the EUROGATE Container Terminal Hamburg (CTH), notably through its iconic FAL service connecting Asia and Northern Europe with 23,000 TEU LNG-powered vessels.

This strategic investment is fully aligned with the CMA CGM Group’s strategy to expand its infrastructure portfolio in support of its global shipping network and more specifically in Europe. As an international port operator with interests in 64 terminals worldwide, the Group reinforces its presence in Hamburg, one of Northern Europe’s key maritime hubs, further enhancing the performance of its maritime and logistics services while contributing to more resilient and low-carbon supply chains across the region. This is also supported by EUROGATE’s direct rail connection to EUROKOMBI, Germany’s largest intermodal terminal.

The partnership also supports EUROGATE’s Western Extension project at the Hamburg terminal, which will expand the facility by approximately 38 hectares and add around 1,050 meters of new quay wall. The expansion is designed to accommodate next-generation container vessels and increase the terminal’s capacity from around 4.0 million TEUs to nearly 6.0 million TEUs, whilst modernising and improving operational efficiency and intermodal connectivity of existing areas. By becoming a shareholder, the CMA CGM Group actively contributes to this long-term development, strengthening Hamburg’s position as a leading North European maritime hub.

Through its participation, CMA CGM will help enhance the terminal’s capacity, strengthen its rail connections, and support its move towards more sustainable operations. This reflects the Company’s confidence in Germany’s long-term competitiveness and its commitment to contributing to resilient and efficient supply chains in Europe.

CMA CGM has a long-standing and growing presence in Germany, where the Group first established offices in Hamburg and Bremen in 1991. Today, Germany serves as a key hub within CMA CGM’s regional cluster covering five countries, Germany, Switzerland, Austria, Slovakia, and the Czech Republic, supported by nine offices and 23 weekly vessel calls across three major ports: Hamburg, Bremerhaven, and Wilhelmshaven. With integrated logistics and intermodal solutions provided through CEVA Logistics, which operates over 500,000 m2 of warehousing space and employs around 5,200 people in Germany, as well as through CMA CGM Inland Services and the Duisburg Trimodal Terminal (D3T), the Group offers seamless end-to-end transport solutions.

Agility Global PLC has reported Q3, 2025 earnings of US$52 million. EBIT grew 21.1% to US$126.7 million, EBITDA increased 19.0% to US$214.7 million, and revenue rose 6.7% to US$1.3 billion.

For the nine-month period, earnings were US$97.0 million. EBIT grew 8.0% to US$316.0 million, EBITDA increased 11.0% to US$568.6 million, and revenue rose 10.2% to US$3.7 billion. As of 30 September 2025, Agility’s investment segment had a carrying value of approximately US$5.0 billion, and the Company’s total asset value was US$12.2 billion.

Agility Global delivered another quarter of solid growth, building on a strategy of scaling high-performing operating businesses while maintaining financial discipline. The completion of Menzies’ US acquisition during the quarter is a major milestone that strengthens its position as a global leader in aviation services.

Menzies achieved strong double-digit growth, with only one month of G2 consolidated. Tristar performance was healthy, and Agility Logistics Parks continues to expand its presence in the Kingdom of Saudi Arabia.

Menzies reported US$800.2 million in revenue for the quarter; a 13.6% increase compared with Q3, 2024. Part of this growth came from the newly acquired US business, and part driven by higher volumes and improved yields across Ground Handling and Cargo services. The Company serviced nearly 1.4 million flights during the quarter. Q3 EBITDA grew 11.3% year-over-year, with all divisions and service lines delivering improvement. While Menzies recently announced that its operations in Kuwait will conclude upon the expiry of the current contract in January 2026, the Company remains confident in achieving its medium-term growth targets. Those targets are supported by organic growth, strong global demand, and the integration of the US acquisition, which will continue to drive scale and margin enhancement across the network. For the nine months, Menzies reported 12.0% revenue growth and 9.7% EBITDA growth.

Tristar, a fully integrated fuel logistics company, delivered a resilient performance in Q3, 2025 compared to Q3, 2024. EBITDA grew 2.0% to reach US$60.3 million. Operationally The Maritime segment performed better this quarter despite ongoing market challenges. The Retail Fuel business in Sri Lanka, launched in Q3, 2024, contributed to results in both comparative periods and continues to grow. Overall, Tristar continues to deliver stable revenues and healthy operating margins, supported by disciplined cost control, and a strategic focus on efficiency and growth across its diversified portfolio. For the nine months, Tristar reported strong performance with 16.0% revenue growth and a marginal decline in EBITDA.

Agility Logistics Parks recorded Q3, 2025 revenue of US$14.3 million, an 8.2% increase compared with the same period a year earlier. EBITDA was US$11.0 million, a 14.2% increase year-over-year. Growth was broad-based across all geographies, with Saudi Arabia contributing the majority of the total increase. Strong demand for modern warehousing in Saudi Arabia continues to drive occupancy rates above 90.0%. ALP’s ongoing development programme of 226,000 m2 of new warehousing capacity is progressing on schedule, with half of the planned space already delivered, and the remainder expected by year-end. The GCC warehousing sector continues to benefit from structural growth trends, including eCommerce expansion, 3PL network growth, and government-led industrial diversification initiatives. In Africa, ALP is actively evaluating new opportunities in high-growth logistics corridors, particularly in East Africa, where demand for modern logistics infrastructure remains significantly underserved. For the nine months, ALP reported 9.6% revenue growth and 8.3% EBITDA growth.

As of 30 September 2025, Agility Global’s investment segment had a carrying value of US$5.0 billion. The segment’s key assets include stakes in DSV and Reem Mall. The investment segment remains anchored by its strategic stake in DSV, the world’s largest freight forwarder. DSV delivered stable financial performance in Q3, 2025 against challenging market conditions and accelerated the synergy realisation against its targets. Agility Global is the lead investor in Reem Mall on Abu Dhabi’s Reem Island, a signature shopping, dining, and entertainment family destination that spans 183.4K m2 of Gross Leasable Area (GLA). Anchored by hypermarkets and notable entertainment and home furnishing concepts, the mall will be home to around 400 international and local brands. As of September 2025, roughly 70.0% of GLA was open and trading, with an additional 14.0% under fit-out, for an effective GLA leased of roughly 84.0%. The mall recorded the highest footfall in Q3, 2025 with an increase of 23.0% over the same period in 2024.

Looking ahead, Agility Global enters the final quarter of 2025 with strong momentum. The Group expects continued earnings growth, supported by the full consolidation of the G2 Secure Staff acquisition, Tristar’s efficiency programmes, and new warehouse deliveries within ALP. With a strong balance sheet, diversified portfolio, and global scale, Agility Global believes that it is well-positioned to deliver sustained value creation and profitable growth.

Eimskip has reported its third quarter 2025 results. Overall, the Company’s operations were below expectations in the third quarter. Volumes in Liner were decent during the quarter, increasing by 1.5%, but average freight rates declined compared to the same period last year. A significant drop in global freight rates impacted international Forwarding during the quarter, still delivering acceptable results. Logistics and agency services performed well, as lower revenues were offset by even lower operating costs, with strong emphasis placed on this part of the business throughout the year.

Revenue amounted to €204.7 million, down €14.3 million or 6.5% compared to Q3, 2024. Revenue was impacted by negative developments in unit prices in Liner, a significant drop in global freight rates, lower trucking volumes in Iceland and the Faroe Islands, as well as lost revenue in port operations due to the closure of PCC Bakki.

Operating expenses totalled €184.3 million, a decrease of €1.8 million or 1.0% year-on-year. Salary expenses increased by €3.0 million, an 8.1% increase, mainly due to collective wage increases in Iceland and currency fluctuations.

EBITDA for the quarter was €20.4 million versus €32.9 million in the same period of 2024, a decline of 38.0%. EBITDA margin was 10.0% compared to 15.0% in Q3 last year. EBITDA comparison YoY is impacted by two non-recurring items, a positive €2.2 million in Q3, 2024 and a negative €2.9 m million Q3, 2025 related to the sale of Lagarfoss, a €5.1m difference. Net profit after tax was €5.6 million for the quarter, compared to €14.3 million in the same period last year.

Unit prices in Liner have declined to levels that exceed the system’s operational sustainability, leading to negative results for the period despite increased volumes. In July, Eimskip reduced its own vessel fleet by selling Lagarfoss and temporarily discontinued its dedicated coastal shipping service. The decision to reduce the vessel fleet was based on decreased volumes due to the closure of PCC Bakki, increased pressure on average Liner freight rates, rising salaries, higher port authority charges in Iceland, and increased costs for calls at foreign ports.

From 2019 to 2024, port charges for the dedicated coastal vessel increased by more than 60.0%, at the same time inflation grew by 38.0%. Double taxation in the form of environmental tax was added to the cost of coastal shipping, as the ETS charge, introduced in 2024, came on top of an existing carbon tax. These carbon-related taxes have increased by 197.0% since the beginning of 2023.

It was encouraging to see strong performance in the Logistics segment, particularly as a result of targeted cost-reduction initiatives and improved utilisation of fixed assets in warehousing, cold storage, and trucking operations. The progress made this year will continue, and the Company see further opportunities to drive efficiencies within this segment.

The international Forwarding segment delivered satisfactory results with increased activity, despite a significant drop in global freight rates and fewer large projects compared to the same period last year.

Salary expenses have continued to rise. This increase is largely due to collective wage agreements in Iceland, with about 60.0% of the Company’s salary expenses attributable to operations in Iceland. The Icelandic operations accounted for 83.0% of the total increase in salaries. Wage increases in Iceland in recent years are not sustainable in the long term and place significant pressure on the operations and reduce competitiveness.

Recent news of production reduction at Nordurál and the temporary closure of PCC will have a significant impact on volumes and the Company’s results. The greatest impact will be on Liner and the Company’s port operations with estimated reduction in volume equivalent to approximately 8.0% of the Liner system’s total volume in the third quarter.

In recent months, a range of countermeasures have been implemented to address operational challenges. The previously mentioned reduction of the vessel fleet is the single largest initiative. Increased costs related to trucking cargo previously carried by the dedicated coastal vessel will offset some of the savings. In addition, numerous other projects have been launched, which are estimated to deliver annual savings of €12–14.0 million. Some of these measures have already been executed and will have a positive impact on operations in the coming quarters. During the third and fourth quarters, the Company’s FTEs were reduced by 46, both in Iceland and across international operations. This reduction is a combination of redundancies and reduction due to natural employee turnover.

Furthermore, additional efficiency measures have been identified, though their impact has yet to be quantified. Various revenue management initiatives are also being prepared to support future operations. The Company will continue to focus on strengthening its core operations and maintaining cost discipline, while also establishing a clear pricing policy in liner system that reflects the cost of providing reliable services to customers.

NTG Nordic Transport Group has published its interim report for Q3, 2025. Group net revenue rose by 28.1% in Q3, 2025 to DKK2,941.0 million. Organic growth was negative 1.2%, primarily due to lower average ocean freight rates. Acquired growth totalled 30.1%, driven by the acquisitions of DTK, Schmalz+Schön, and ITC Logistic, while currency effects were negative 0.8%.

Gross profit increased by 44.1% in Q3, 2025 to DKK657.0 million, while the gross margin rose by 2.4 percentage points to 22.3%. The margin improvement was primarily driven by lower average ocean freight rates and increased groupage and warehousing exposure following the acquisitions in Germany.

In Q3 2025, gross profit increased across both divisions compared to the same period last year, driven by organic growth and contributions from recent acquisitions. This growth was achieved despite market headwinds from a subdued European road market and ongoing uncertainty related to US tariffs.

The Road & Logistics division delivered net revenue and gross profit growth in Q3, 2025, (47.4% and 57.2% respectively) primarily supported by the acquisitions of DTK, Schmalz+Schön, and ITC, alongside a modest increase in spot rates and higher volumes in key markets.

The Air & Ocean division also achieved gross profit growth in Q3, 2025, of 12.3%, mainly driven by the Schmalz+Schön acquisition, supported by an uplift in the organic business despite a significant decline in project activity. Net revenue declined 12.7%.

Adjusted EBIT increased by 40.4% to DKK160.0 million in Q3, 2025, compared to DKK114.0 million in Q3, 2024. The increase was driven by organic growth and increased margins in the Road & Logistics division, as well as contributions from recent acquisitions.

The operating margin increased to 5.4% in Q3 2025, compared to 5.0% in Q3 2024. The increase was primarily driven by organic margin improvements in the Road & Logistics division, offsetting the lower project activity in the Air & Ocean division.

Adjusted EBIT in the Road & Logistics division increased by 58.0% to DKK139.0 million in Q3, 2025, compared to DKK88.0 million in Q3 2024. The increase was driven by both acquisitive contributions and organic improvements.

Adjusted EBIT in the Air & Ocean division decreased by 19.2% to DKK21.0 million in Q3, 2025, compared to DKK26.0 million in Q3 2024. The decrease was primarily driven by a shift from high-margin project activity last year to lower-margin general cargo this year.

The Road & Logistics division delivered organic growth despite operating in a market characterised by high competition, muted demand, and continued pressure on freight rates. Profitability continued to improve, the second consecutive quarter of higher operating margin. Market volumes remained subdued throughout the quarter, with limited visibility of any material change. Overall, market conditions were flat year-on-year and have begun to stabilise following a prolonged period of decline. Looking ahead, NTG expect to see rate increases in selected markets during Q4 2025 and Q1 2026. Financial performance for the quarter reflected these market conditions. The UK reported lower results compared to last year, while Sweden and Denmark, partially supported by the DTK acquisition, demonstrated positive momentum and market share gains, thus contributing favourably to the overall result. The improvement in operating margin was primarily driven by the integration of DTK and stronger performance in Denmark and Sweden. Margins across the division are expected to recover as market conditions improve. Demand for warehousing services remained robust, supported by both new and existing customers. The division will maintain its focus on gaining market share and expanding the network organically. In addition, the roll-out of a new groupage Transport Management System (TMS) has begun and is expected to be implemented across multiple entities during 2026.

The Air & Ocean division saw a decline in net revenue in Q3, 2025, primarily driven by lower average freight rates, reduced volumes, and normalised project activity compared to the same period last year. Market conditions remained volatile, influenced by ongoing uncertainty surrounding US tariffs and continued changes in announcements made during the year. Ocean freight rates remained below Q3, 2024 levels and continue to be under pressure as additional capacity entered the market. Air freight volumes were also impacted, although to a lesser extent, and air freight rates were slightly down year-on-year. The Q3, 2025 result from the project organisation was lower compared to the same period last year due to reduced activity. During the quarter, the division continued its efforts on identifying new start-ups and cost savings, efforts that will continue for the remainder of the year. Operational efficiency and increased intercompany collaboration remain key focus areas, as well as ensuring standardised processes across all entities. During the quarter, progress was made on both parameters. Looking ahead, the division will continue to expand through the introduction of new products and targeted procurement initiatives.

For the 9M, 2025 period, Group net revenue increased 25.7% as gross profit climbed 37.7%. Looking ahead, based on the results during the first nine months of the year, the Company has narrowed the full-year guidance for 2025 to adjusted EBIT of DKK560 – 590.0 million, from DKK560 – 610.0 million.

Singapore Post Limited (SingPost) announced its unaudited financial results for the half year ended 30 September 2025 (H1 FY25/26). With stringent cost discipline and the completion of major divestments, the Company established a stronger financial foundation and recorded UNP of S$5.5 million, compared to an underlying net loss in the previous half year, despite a challenging global eCommerce and logistics market.

Revenue declined 27.4% YoY to S$188.4 million (H1 FY24/25: S$259.6 million). This drop reflects the challenging operating environment for the logistics business, particularly in cross-border eCommerce delivery volumes.

SingPost’s efforts to streamline its operations post-divestment and cost discipline were reflected in lower operating expenses, which fell 25.5% YoY to S$182.4 million. Labour and related expenses were lower by 10.9% YoY at S$92.8 million due to streamlined operations. Volume-related expenses were lower by 58.6% YoY at S$31.6 million, mainly due to lower cross-border delivery volumes.

SingPost’s net profit was lower by 17.1% YoY at S$18.4 million (H1 FY24/25: S$22.2 million). The decline was largely due to contributions from the divested Australia business in the prior period which offset the exceptional gains in H1FY25/26.

Excluding these exceptional items, UNP fell 78.0% YoY to S$5.5 million (H1 FY24/25: S$25.2 million), due to changes in discontinued operations.

Effective from 01 April 2025, SingPost adopted a new segment reporting structure to reflect its reorganisation into three key business segments: Logistics & Letters, Post Office Network, and Property Assets.

The Logistics & Letters segment, which encompasses domestic and international mail and parcel activities, including eCommerce logistics, saw revenue fall 33.1% YoY to S$153.5 million. This was primarily due to a 63.0% YoY decline in cross-border eCommerce delivery volumes, coupled with lower domestic eCommerce volume and the structural decline in letter mail. As a result of the lower revenue performance, the segment recorded an operating loss of S$4.4 million compared to a profit of S$13.7 million in the prior period.

Post Office Network revenue, derived from agency services and sale of products, declined 13.9% YoY to S$5.7 million. The decline was mainly due to lower revenue from agency services, partially offset by higher post office space rental. The segment recorded a lower operating loss of S$5.8 million, an improvement from a loss of S$6.7 million in the prior period, attributed to the cessation of several post office operations.

The Property Assets segment recorded a 3.4% YoY revenue increase to S$40.6 million, driven by higher rental income from SingPost Centre. The overall occupancy rate at SingPost Centre was higher at 99.2% as at 30 September 2025. Operating profit was S$23.9 million, a slight decrease from S$24.7 million in the prior period, largely due to higher operating costs such as property management services and property tax.

The Company’s cash position amounted to S$594.1 million as at 30 September 2025.

Geis is expanding its general cargo network in Central and Eastern Europe. In collaboration with its subsidiary Quehenberger Logistics, it has launched a new network in Hungary. This will strengthen its presence in the region and enable it to offer customers an even better service.

Thanks to the new network, customers will benefit from significantly shorter transit times, more stable processes and additional options, such as next-day delivery. Quehenberger contributes its strong operational base in Hungary, while it contributes its many years of experience in the general cargo business. The result is a powerful network that delivers tangible added value immediately.

Expanding into Hungary was a logical step. The Company is resolutely continuing its growth strategy in Central and Eastern Europe, providing added value for customers. Integrating into the Geis system processes and close cooperation with Quehenberger ensures stability and speed right from the start. The initial feedback from partners and customers has been consistently positive. In particular, the smooth cooperation between teams in Germany, the CEE locations and Quehenberger Logistics has been praised.

The Company plans to further expand the Hungarian general cargo network. This includes closer networking between locations, an expansion of service options and integration into its IT systems. The goal is to set a new standard for networks in Hungary and gradually expand its offering to include additional routes and services.

This expansion is part of an ongoing strategy to strengthen existing markets and develop new ones in the region sustainably. This will create even greater speed, transparency and reliability for customers in Central and Eastern Europe.

Uber Freight has announced an expanded commercial partnership with Better Trucks, a leading last-mile delivery platform that orchestrates the delivery of tens of millions of packages a year for leading retail and eCommerce brands. The collaboration allows Uber Freight to leverage Better Trucks’ technology, operational capability, and scaled delivery network to significantly expand its last-mile capabilities. Uber Freight customers may now extend delivery from their store or fulfilment locations directly to consumers’ doorsteps with enhanced efficiency, real-time visibility, and reliability.

The partnership, which includes a strategic investment in Better Trucks, accelerates the expansion of Uber Freight’s End-to-End Logistics offering, a flexible, technology-driven solution that consolidates and optimises shipping needs from first-mile procurement to final doorstep delivery. The partnership also bolsters Uber’s broader last-mile strategy, which spans Uber Eats, Uber Direct, and Uber Freight to offer an unmatched global delivery ecosystem to meet the needs of businesses of all sizes.

Better Truck’s infrastructure and platform now provides key capabilities to Uber Freight, including:

> Connected Technology Ecosystem: Better Trucks’ open API architecture integrates with more than 50 leading logistics and eCommerce platforms, enabling seamless data flow and collaboration across the Uber Freight network.
> Sortation Technology: Empowering Uber Freight to establish and optimise services at seven sortation centres, driving operational efficiency and expanding delivery coverage.
> Address Validation and Geocoding: Improving verification, standardisation, and converting addresses into precise geographic coordinates to ensure reliable deliveries and optimised routing.

The US last-mile parcel delivery market is undergoing a major transformation, driven by the rapid growth of eCommerce and rising consumer expectations for quicker, more personalised deliveries. With Better Trucks’ added capacity, Uber Freight’s asset-light network now covers approximately 68.0% of the US population, delivering greater consistency, transparency, and cost-efficiency. This also positions Uber Freight as a full supply chain orchestrator, uniquely leveraging network density across multiple modes, to offer substantial cost savings and complexity reductions that other last-mile players cannot match.

This strategic move comes at a critical time as the industry prepares for peak holiday season, underscoring Uber Freight’s commitment to providing shippers with the technology and capacity needed to succeed. Customers leveraging Uber Freight’s End-to-End Logistics solution have already seen measurable improvements in cost, first-attempt delivery success and end consumer satisfaction, especially in dense urban and suburban markets.

With its new online shop “My PartsHub,” Daimler Truck is providing its customers, dealers, and workshops with a central platform for digital parts procurement, which is available immediately. It simplifies and accelerates the distribution of over 300,000 different spare parts for trucks and special-purpose vehicles from Mercedes-Benz Trucks & Buses, Setra and FUSO in Germany and other European markets. These include the Netherlands, Belgium, Luxembourg, Italy, Poland, Spain, Portugal, Switzerland, the UK, and Turkey. Eleven other countries in Europe will follow successively by spring 2026.

My PartsHub replaces the previous Daimler Truck WebParts online portal. For ordering truck spare parts, My PartsHub is directly connected to the new Daimler Truck Global Parts Centre in Halberstadt, which is currently being put into operation in stages. The connection to the approximately 260,000 m2 logistics centre ensures fast and efficient supply of truck spare parts in Daimler Truck's global after-sales logistics network. Customers who have Mercedes-Benz buses or Setra buses in their fleet in addition to Mercedes-Benz trucks can also purchase bus spare parts via the new online shop.

With My PartsHub, Daimler Truck offers a solution tailored to customer needs and is driving forward the consistent digitalisation of its after-sales business. The new digital platform supports customers, dealers, and workshops in optimising their parts processes, increases the transparency of ordering processes, and contributes to greater efficiency in spare parts supply. Customers can register their vehicles directly in the system and search for and order spare parts specifically for the respective models in their fleet.

The availability of the required parts across the various logistics stages, the respective prices, and the ordering options are displayed almost simultaneously. The subsequent price quote is always based on the individually agreed customer-specific conditions. The “Quick Order” function allows frequently required parts to be ordered quickly without lengthy research. Customer orders are processed and shipped by Daimler Truck's service partners.

GLS, one of the leading players in the express delivery sector in Italy, is reinforcing its growth strategy in high-value eCommerce services through a new partnership with Quadient, a global intelligent automation platform enabling secure and professional business connections.

The agreement supports the nationwide expansion of GLS’s Out of Home (OOH) network and introduces open, carrier-agnostic parcel lockers to improve flexibility and customer experience for Italian consumers.

GLS Italy has already built a strong national network of more than 10,000 shipping and collection points, including GLS Shop, Locker and City Depot locations, to provide both eCommerce businesses and end recipients with reliable, convenient delivery options. Among recent developments, GLS Italy rolled out over 100 GLS branded parcel lockers in major Italian cities, including Milan, Bergamo, Turin, Bologna and Rome. New collaborations with shopping centre operators, supermarkets and major retail brands will extend locker access to high-traffic, strategically located sites, offering greater convenience for customers.

Quadient’s model enables multiple carriers to operate within a shared infrastructure while maintaining dedicated spaces for their deliveries. Under the 5-year partnership with Quadient, GLS Italy will expand its network of collection points across the country with access to hundreds of carrier-agnostic Quadient lockers being installed over the next few years, starting in the main regions of central and northern Italy.

With this initiative, GLS reaffirms its strategy of innovation and proximity to customer needs, continuing to strengthen its leadership in logistics and express delivery in Italy.

FedEx has enhanced its service in Japan to better serve customers who are exporting from cities in Aichi and Gifu prefectures. Export customers in the area can now ship parcel and freight shipments picked up on weekdays one day faster.

The enhanced service applies to customers who are using FedEx International Priority Express (IPE), FedEx International Priority (IP), FedEx International Priority Freight (IPF), FedEx International Economy (IE) and FedEx International Economy Freight (IEF) for shipments to Asian destinations.

The enhancement covers cities including Ichinomiya, Kasugai, Kita-Nagoya, Iwakura, Konan, and parts of Nishikasugai-gun in Aichi Prefecture; and Gifu, Kakamigahara, and Ogaki in Gifu Prefecture.

The area targeted for this service improvement is part of Japan’s Chukyo Industrial Zone, a major industrial region known for aerospace, automotive, machine tools and textile industries. Trade is active across companies of all sizes, with common destination markets including China, South Korea, Taiwan, Thailand, Vietnam and Indonesia.

Earlier this year, FedEx improved transit times for packages from select cities in Saitama and Kyoto prefectures, enabling customers there to ship packages one day earlier to destinations worldwide. The Company continues to strengthen and optimize its global network and plans to double the warehouse capacity at Narita International Airport, with phased operations expected to begin in the latter half of 2026.

Rhenus Group is steadily increasing its investments in Southeast Asia, as part of its ongoing plans to strengthen its presence across key trade corridors globally. The China+1 strategy has also influenced cargo flows in Southeast Asia, increasing cargo volumes and creating greater demand for more resilient, flexible and cost-effective logistics solutions.

Despite weaker external demand, elevated tariffs, and persistent policy uncertainty, Asia is expected to remain the biggest driver of global growth, contributing about 60.0% in 2025 and 2026. Trade lanes between Asia and the world are seeing growth as well, as manufacturers prioritise Southeast Asia for their sourcing needs. Air freight volumes, as of September 2025 saw the Europe/Asia corridor grew by 12.4% YoY, reflecting a strategic shift in trade flows toward Southeast Asia as cities such as Bangkok and Kuala Lumpur increase in importance as key inbound and outbound hubs for European cargo. Trade between China and ASEAN totalled 3.67 trillion yuan, a YoY increase of 9.6%, compared to a 9.3% YoY decrease in terms of China’s trade with the US.

Southeast Asia is a focus growth area for Air Freight in Rhenus. The gateways are at the centre of the Company’s latest expansion plans, and go beyond delivering the global promise of reliable, customer-centric logistics solutions. They are designed with scalability in mind, and integrate the latest digital and sustainable logistics solutions, to give global customers flexibility and efficiency.

In 2025, Rhenus set up air freight gateways in key trade hubs in the region, Singapore & Thailand (Bangkok) and with the already existing Malaysia (Kuala Lumpur), to optimise cargo flows across Southeast Asia and with global trade lanes. The strategic gateways strengthen the presence of Rhenus across key corridors, including (and not limited to):

> Kuala Lumpur facilitates inbound cargo from Europe and outbound cargo to Oceania.
> Singapore handles inbound cargo from Asia or Oceania, and outbound cargo to the Americas.
> Bangkok manages outbound cargo to Europe and serves as a multi-modal hub to enhance Intra-Asia trade capabilities through regional air freight and cross-border trucking.

The fully operational gateways, with the flexibility for phased expansions, offer a full suite of solutions, door-to-door services, customs clearance, cargo consolidation and value-added air freight services. Technology-enabled capabilities, such as smart logistics platforms, real-time tracking and digital documentation to streamline operations, power the gateways. Sustainable logistics initiatives, such as electric vehicles for pre and on-carriage, optimised routing and low-emission transport options, will also be embedded across all three gateways.

Looking ahead, Rhenus will continue to identify strategic investment opportunities in Southeast Asia and the overall APAC region, as part of its commitment to support and facilitate its customers globally.

Schneider National, Inc. has launched Schneider Fast Track, a premium solution designed for shippers with time-sensitive and high-service freight needs. Fast Track combines Schneider’s extensive asset-based truckload and intermodal capabilities with strategic rail partnerships to create a network of some of the fastest, most consistent intermodal lanes in the industry, selected specifically for their proven competitive differentiation and transit consistency. Shippers can confidently convert just-in-time, inter-plant and customer freight from over-the-road to intermodal, gaining more secure capacity alternatives and cost efficiency without sacrificing speed.

Schneider’s Fast Track services have already delivered the following results for shippers:

> Up to two days faster transit than competitors on key US and Mexico lanes.
> 95.0%+ on-time performance, backed by priority rail placement and dedicated planning.
> Lower costs, increased efficiency and enhanced security – in other words, a truck-like experience with intermodal benefits.

Already proven with time and service-sensitive automotive freight moving from Mexico to Kansas City, Chicago and beyond, Fast Track is expanding to more lanes to meet growing demand for just-in-time and expedited shipping.

Key features include:

> High performing lanes that offer faster transit and superior service standards.
> Prioritised placement, optimised drayage and expedited recovery solutions to reduce disruption.
> 24/7 tracking and proactive communication from Schneider’s Center of Excellence.
> Flexible nationwide service.
> Industry-leading cargo security with a 99.99% theft-free record in the US and Mexico in 2024.

For shippers looking for an alternative capacity solution to over-the-road that keeps their high service or time-sensitive freight moving with consistency and service they can count on, Fast Track sets a new standard for expedited intermodal.

For greater flexibility in customers’ supply chains, improved operational efficiency and cost optimisation for their growing businesses in Central Europe, CMA CGM has announced further enhancements to its rail solutions connecting its three core maritime services, PHOENICIAN EXPRESS, BMS and MAESTRALE, through the Adriatic ports:

> Enhanced Frequency: Increased to 16 weekly departures per week from the previous 10

> Strategic coverage: Serving key countries including Hungary, Slovakia, Czech Rep, Austria and more

> Port gateways: Efficient connection via Rijeka, Koper and Trieste

> Fast Transit Times: Two days to Budapest, Dunajska Streda and three days to Prague

> Global Connectivity: Direct access from Asia to Central Europe via Adriatic ports with Phoenician Express

Berli Jucker Logistics (BJL), under the BJC Big C Group, has entered into a landmark partnership with DHL Supply Chain (Thailand) through the signing of a Joint Venture agreement. This strategic alliance aims to transform the logistics operations of the BJC Big C Group to global standards, and support growth in new high-potential markets.

BJC Big C Group and DHL Supply Chain have worked together for more than two decades. As part of DHL’s Strategy 2030 to explore new growth opportunities, this joint venture is a natural next step in the partnership. By combining strengths, DHL will not only continue to serve BJC Big C Group but also extend world-class logistics solutions to new customers.

This partnership not only enhances distribution efficiency for BJC Big C Group but also establishes a logistics and supply chain platform to serve existing and new customers, particularly in the healthcare sector where world-class standards are required. Through this collaboration, BJC Big C Group is set to strengthen and transform BJL into an international-standard logistics provider, instilling confidence among customers across diverse industries including packaging, consumer goods, and healthcare products.

For DHL Supply Chain, this partnership provides strategic access to Thailand’s fast-growing and dynamic economy, unlocking new market potential in one of Southeast Asia’s most vibrant and rapidly evolving economic regions. With Thailand emerging as a dynamic trade hub for the entire region - driven by its strong manufacturing base and modern infrastructure - this collaboration is perfectly timed. DHL brings its global best practices in contract logistics, digital capabilities, and operational excellence into the partnership, helping to elevate service standards and drive innovation across entire supply chains.

FIEGE is building a new multi-user centre in Hessisch Lichtenau, Germany. Sustainability in planning is of special importance to the Company. The logistics centre is scheduled to be completed in the autumn of 2026. The key tenant occupying the ultra-modern property will be Falken Tyre Europe, a long-term partner of FIEGE.

Construction of the new logistics centre started in October. The ultra-modern property will provide just over 52,000 m2 dedicated to logistics, spread across five hall bays, plus offices and recreational areas. The project is being rolled out by FIEGE Real Estate. As the key tenant of the logistics centre, Falken Tyre Europe GmbH, the European subsidiary of Japanese tyres maker, Sumitomo Rubber Industries Ltd. (SRI), will continue its course for growth in Europe from within the centre of Germany.

While planning and developing the logistics centre which complies with EU taxonomy, FIEGE places a special focus on sustainability and is aiming to achieve a DNGB Gold certificate (2023) from the German Sustainable Building Council. The new location will feature resource-friendly mineral wool insulation and energy-efficient LED lights. Sustainable air-to-air heat pumps will take care of heating needs. The electrical power required for this will be supplied largely by a rooftop photovoltaic array with an overall capacity of 3,000-kilowatt peak. Moreover, an automated building control system and smart monitoring tools will ensure the logistic centre’s optimised energy consumption. In addition, a biodiversity concept was designed specifically for this location.

The new location in Hessisch Lichtenau marks the persistent continuation of Falken Tyre’s expansion drive. The facility is a further important milestone in its pan-European logistics strategy and doubles as the base from which it will further grow its logistics, also highlighting the strength of its 15+ year-long partnership with FIEGE.

Jayud Global Logistics has been awarded a contract by vivo Mobile Communication Co., Ltd. (“vivo”), one of the world's leading smartphone manufacturers and a top global technology brand.

The annual contract award establishes Jayud as a key logistics partner for vivo's overseas air freight operations. The comprehensive agreement encompasses specialised air freight logistics services for vivo's overseas manufacturing facilities, including international cargo transportation, handling services, supply chain coordination, and logistics consultation across vivo's global sales and production network.

Serving over 400 million users across 60+ countries, vivo Mobile Communication Co., Ltd. operates 10 global R&D centres and maintains an annual production capacity of nearly 200 million smartphones. vivo has established itself as a top-five global smartphone manufacturer with a 10.0% market share, renowned for its innovative technologies, including advanced camera systems, in-display fingerprint scanning, and design excellence.

The contract award follows a comprehensive evaluation and bidding process conducted by vivo's procurement team, during which Jayud's proposal was selected based on the Company's proven track record in international air freight logistics and its ability to meet vivo's stringent operational requirements. The partnership will support vivo's expanding global sales and manufacturing footprint, as well as its growing international market presence.

Jayud's specialised capabilities in electronics logistics and international air freight management provide particular value for vivo's sophisticated smartphone sales and manufacturing operations. The services covered under this contract include specialised handling of high-value electronics shipments, time-sensitive delivery requirements, and comprehensive logistics coordination for vivo's overseas factory operations. Jayud's established air freight network and expertise in technology product logistics position the Company to deliver the reliable, efficient service levels required for vivo's sophisticated manufacturing operations.

This contract award represents a significant milestone in Jayud’s expansion into serving major international smartphone manufacturers. vivo's global presence and reputation for innovation align perfectly with its capabilities in providing comprehensive cross-border air freight solutions. This partnership validates the Company’s ability to handle complex, time-sensitive logistics operations and demonstrates the trust that leading global technology brands place in its specialised services.

CEVA Logistics has managed the logistics of moving dredging pipes for one of the leading dredging companies in the world as part of Saudi Arabia’s Project Oxagon as part of Project NEOM. The logistics project consisted of moving the out-of-gauge cargo in sixty-one 40-foot containers via ground and sea transport from Egypt to Saudi Arabia within a one-week timeframe.

The NEOM project represents a vision of the future, a cutting-edge development meant to shape the new global standard for urban innovation. At the heart of this initiative were critical dredging operations managed by a global leader in dredging and land reclamation. The customer entrusted CEVA Logistics with the responsibility of transporting all 61 40-foot containers filled with pipes essential for ongoing construction at the Saudi NEOM Oxagon project. Ensuring the timely delivery of these materials was key to maintaining the project schedule.

The urgency of the timeline and the large volume of cargo demanded an efficient, tailored logistics strategy to ensure timely and safe delivery.

Many of the available containers were in poor condition, posing a risk to the secure transport of the pipes. The customer required that all 61 containers had to depart and arrive together, adding further complexity to the transport process and completing the transport within one week left little room for delays or errors.

In preparation for the journey, CEVA identified the poor state of the available containers and took proactive measures to source suitable containers from other ports to ensure the safety of the dredging pipes during transit. Additionally, by taking charge of most of the broker’s scope, CEVA Logistics reduced complexities in the shipping process, enabling faster, more streamlined execution for the international shipment.

To meet the tight timelines and the requirement for unified delivery, CEVA Logistics developed an exhaustive journey management plan for the trucks. This plan optimised routes and streamlined the transportation process from the Port of Loading (POL) in Sokhna to the Port of Discharge (POD) in Neom, KSA. CEVA transported the out-of-gauge cargo on low-bed trailers over 400 kilometres from Abu Qir to The Sokhna Port. The shipment left Egypt, traveling over 600 nautical miles to its destination Neom Port in Saudi Arabia.

CEVA Logistics ensured the on-time delivery of all 61 containers of dredging pipes, enabling the customer to stay on schedule with their work for the NEOM (Oxagon) project.

CNH has opened a new dedicated parts distribution centre near its manufacturing facility in Pune, India. This facility will strengthen the Company’s aftermarket capabilities and ensure faster, more efficient service to its large and growing customer base across India’s Southern and Western regions.

The facility, CNH's fourth distribution centre in India, will focus on parts for Case IH sugarcane harvesters, New Holland combine harvesters and balers. The centre joins existing facilities in Noida, Indore and Sikanderabad in Uttar Pradesh.

The state-of-the-art parts distribution centre serves as a specialised hub. It will enable faster deliveries and improve parts availability for CNH’s brands’ large dealer and customer network empowering them to deliver enhanced and uninterrupted services. Equipped with the latest infrastructure, this parts distribution centre benefits from RFID technology to enhance accuracy, traceability, and process efficiency.

The Southern and Western regions are among India’s key sugarcane belts, where the timely availability of parts is essential to ensure uninterrupted operations. This new parts distribution centre in Pune enhances the Company’s ability to respond swiftly and efficiently by positioning it closer to both customers and its manufacturing base.

Establishing CNH’s global commitment to sustainable operations, the distribution centre adopts environmentally responsible packaging practices and energy-efficient systems, aligning with the Company’s vision of reducing its environmental footprint. To ensure timely and reliable delivery of parts to dealers and customers, CNH has partnered with DHL Supply Chain, a leader in integrated logistics solutions.

Six Stories, the bridal and occasion wear label, has linked up with THG Ingenuity’s THG Fulfil solution to enhance its logistics operations in the US. The Company has launched a US distribution centre, in New Jersey, as part of its international growth strategy.

The facility will enable faster delivery, reduced shipping costs, and a smoother experience for a growing number of American customers, who will benefit from localised shipping, simpler returns and no unexpected customs fees.

Establishing such a dedicated US distribution hub comes after Six Stories signed online partnership deals with US retailers Nordstrom and Macy’s in September.

CEVA Logistics recently opened its new Amazon fulfilment centre in Santa Maria, Federal District, Brazil. The new facility is located approximately 30 kilometres from Brazil’s capital city, Brasilia, confirming the area as a strategic logistics hub for the central-west region of the country.

The new 67,000 m2 fulfilment centre will support up to 135,000 packages daily, helping Amazon Brazil to quickly and reliably reach its end-customers.

A ribbon-cutting ceremony took place earlier this month, bringing together the Federal District Governor, public authorities, Amazon executives and CEVA leadership to celebrate Amazon’s 15th fulfilment centre in Brazil and second in the Federal District. The new operation will support the local economy with more than 1,400 new job opportunities and marks a strategic milestone for the region’s eCommerce segment, further strengthening the relationship between CEVA Logistics and Amazon.

The new fulfilment centre showcases CEVA’s commitment to operational excellence through advanced inventory management systems and intelligent integration of storage and control systems. Designed for maximum agility and accuracy, the facility prioritises a 24-hour service standard with full safety and reliability, ensuring rapid order processing and seamless coordination between inventory and transport operations. The fulfilment centre incorporates sustainability practices that promote responsible resource use and reduce environmental impact, aligning with both companies' sustainability commitments.

CEVA’s team completed the operational implementation in just 11 weeks, demonstrating exceptional project execution to meet Amazon’s business requirements. By leveraging process governance, automation, analytics and rigorous safety standards, the new facility delivers significant gains in productivity and predictability across the supply chain, ultimately enhancing service quality for Amazon’s end consumers throughout Brazil.

The inauguration confirms Brasília as a strategic logistics hub for the Central-West region of the country.

CEVA Logistics is quickly expanding its contract logistics operations across the country to support rapid industry growth. In the last 12 months, CEVA has increased its warehousing footprint by more than 150,000 m2, reaching a total of nearly 300,000 m2 across Brazil. Thanks to an investment of more than R$100.0 million, CEVA’s expansion plans include adding an additional 120,000 m2 by the end of 2025 and 200,000 m2 more the following three years, all with the goal of 620,000 m2 of contract logistics space across the region by 2028. CEVA’s rapid expansion reinforces its position as one of Brazil’s top contract logistics providers, with both dedicated and multi-customer sites, supporting sectors such as eCommerce, technology, automotive, beauty and healthcare.

DHL Group will invest around €1.0 billion across all its business units in India by 2030. The investment reflects DHL's confidence in India's dynamic market and aligns with its Strategy 2030 to accelerate sustainable growth. The multi-year investment programme spans key sectors including life sciences and healthcare, new energy, eCommerce, and digitalisation. Major infrastructure developments include:

> First DHL Health Logistics hub for DHL Supply Chain India in Bhiwandi
> India's largest low-emission integrated operating facility for Blue Dart in Bijwasan
> First automatic sorting centre for DHL Express India in Delhi
> Fifth DHL IT services centre in Indore
> Electric vehicle (EV) and battery logistics centre of excellence (COE) in Chennai and Mumbai
> Largest low-emission integrated ground hub for Blue Dart in Haryana

Despite global trade facing headwinds, DHL remain confident in India's dynamic market. The country's diversification strategy and business-friendly policies provide a solid foundation for long-term investments. With this investment programme of around €1.0 billion, it is expanding reliable and more sustainable logistics solutions for customers in India.

India is also emerging as a global technology hub for DHL Group, with over 1,300 digital and logistics experts. The new IT Services Center and training academy in Indore will equip employees with skills in automation and AI, reinforcing DHL's digitalisation strategy.

DHL Group is committed to reducing CO2 emissions to 29 million metric tons by 2030 and achieving net-zero emissions by 2050. In India, this includes fleet electrification, low-emission facilities, and the GoGreen Plus programme, which enables more sustainable shipping through renewable fuels and electric vehicles.

The LEGO Group has started construction of its new 185,806 m2 regional distribution centre (RDC) in Prince George County near Richmond, Virginia, US. The more than US$360.0 million investment is part of the Company’s strategy to support long-term growth in the Americas.

The RDC, with capacity for over 200,000 pallets, will complement the state-of-the-art LEGO Manufacturing Virginia facility currently under construction in nearby Chesterfield County. Both facilities are set to open in 2027 and will enable the Company to respond faster to shifts in demand, reduce lead times, shorten the supply chain, and reduce its environmental impact. As the LEGO Group’s sixth RDC worldwide, the facility will be equipped with advanced automation that makes it a strong addition to the Company’s regionally based supply chain network.

The RDC is being built with a range of energy efficient features. The Company aims to use 100.0% renewable energy to power the site, and to meet LEED Gold standards through energy efficiency, materials, water conservation and more. It will use electric vehicles to transport goods between the facility and LEGO Manufacturing Virginia, located approximately 20 miles away. The Company also aims to achieve WELL certification for the facility which focuses on enhancing human health and wellbeing.

The LEGO Group previously announced it had signed a built-to-suit lease for the RDC with Crosspointe Commerce Centre, a joint venture between Hillwood Investment Properties and The Silverman Group. The RDC will be the second in the LEGO Group’s Americas network, joining an existing centre in Fort Worth, Texas. It will be operated by a third-party logistics provider, creating more than 300 jobs once opened.

The Virginia distribution centre and factory are just a couple of the investments the Company is making in the Commonwealth. In 2025, the LEGO Group supported six non-profits through grants that are expected to reach nearly 400,000 children in the area. The Company also opened a new LEGO Store in Short Pump Town Centre in Henrico County.

The LEGO Group has also invested significantly in its manufacturing network globally over the last several years. It opened its sixth factory worldwide in Vietnam earlier this year and completed an expansion on its factory in Hungary that has increased capacity by 30.0% in the second half of 2025. The Company has additionally opened its fourth and fifth regional distribution centres in Tessenderlo, Belgium and Dong Nai, Vietnam in 2024 and 2025 respectively, building greater flexibility into its global supply chain.

Wärtsilä will expand its main spare parts distribution centre in Kampen, the Netherlands, by 40.0% and consolidate nearby leased storage facilities into the Kampen site. This strategic move reinforces the growth of Wärtsilä’s global service business and strengthens its ability to serve customers with greater efficiency.

The order intake of Wärtsilä’s service business has grown by 68.0% between 2020 and 2024, resulting in a significant increase in spare part deliveries from the distribution centre in Kampen. The expansion will reduce the time from order to delivery, allow Wärtsilä to further optimise its logistics processes and provide even faster service to customers.

Wärtsilä will invest €14.0 million in expanding the facility, with construction set to begin in early 2026 and commissioning scheduled for 2027.

Key facts: Wärtsilä Central Distribution Centre in Kampen

> Established in 2009, Wärtsilä’s Central Distribution Centre in Kampen, the Netherlands is the Company’s primary spare parts hub and an integral part of the Wärtsilä Global Logistics Services (WGLS) serving both customers in marine and energy globally 24/7/365.

> Wärtsilä’s global network of services comprises of six spare parts warehouses, 44 workshops, and 3,400 field service and workshop professionals.

> The facility features a highly automated warehousing operation, ground storage for large components, as well as dedicated areas for inbound, picking, and packing operations.

> Wärtsilä is committed to a zero-waste supply chain, collaborating with suppliers and customers to reduce environmental impact.

> In the Central Distribution Centre in Kampen, ecofriendly packaging initiatives have reduced plastic use by 67.0% reduction, compared to 2022, saving approximately 35 tons of plastic per year.

> All domestic truck transport from the Kampen distribution centre uses fossil-free HVO100 fuel, cutting CO2 emissions by 90.0%.

Media Expert and Panattoni have started construction of a distribution centre in Łódź, Poland. The new logistics hub will become a critical link in Media Expert’s supply chain, supporting both the Company’s network of over 600 retail locations and its rapidly expanding eCommerce platform.

Located in the central part of Poland, near the main transport arteries (A1, A2, S8 and S14), the complex will enable efficient nationwide customer service and further strengthen the Company’s omnichannel logistics operations.

The logistics hub for Media Expert will comprise two buildings with a total area of 208,000 m2, developed in a build-to-own (BTO) model for the client. It is another milestone in the long-term collaboration between the two companies. To date, Panattoni has delivered over 300,000 m2 of modern space for Media Expert in the Łódź region, and with this new investment, their total footprint will exceed half a million square metres.

The facility will be BREEAM certified at the Excellent level. It will feature energy-efficient systems, photovoltaic panels, water-saving solutions, and infrastructure for electric vehicles and cyclists.

Woolworths customers will see better availability in store and new products arriving faster on shelves, with the opening of its new, state-of-the-art Regional Distribution Centre (RDC) in Western Sydney, Australia.

The new Sydney RDC completes the Group’s mega Moorebank Logistics Precinct at which the Group’s recently opened National Distribution Centre (NDC) is also located. Together, the new facilities will move over 5.0 million cartons per week to supermarkets, with a range of 20,000 individual products.

The A$1.3 billion precinct is the Group’s largest-ever single investment, with direct links to Port Botany, interstate rail and Sydney’s M5 and M7 motorways. The two new distribution centres (DCs) will also take 26,000 truck movements off Australian roads each year.

The automated DCs will move food, grocery and everyday items onto shelves faster, with pallets arriving in store ‘aisle-ready’ - suited to individual store layouts - enabling speedy restocking by teams.

In total, the two DCs cover 75,000 m2 of floor space - about five times the size of Sydney Cricket Ground.

The investment has been a major driver for local employment, creating over 1,300 jobs during the construction phase and will employ around 800 team members in operational roles across the two DCs.

Both DCs have achieved a 5-star Green Star rating from the Green Building Council of Australia, featuring solar panels that will generate 5.3 megawatts of energy each year - equivalent to 880 households’ annual energy consumption - as well as rainwater harvesting.

HOYER has made extensive investments in two network sites offering cleaning, workshop and depot services. In Ho Chi Minh City, Vietnam, and Laem Chabang, Thailand, the Company’s network partner cotac has completed the enhancement of two depots. With this step, HOYER and cotac have strengthened their presence in the strategically important Asia-Pacific logistics hubs and have expanded their value-added service portfolio for international customers in the chemical, gas and food industries. These infrastructure extensions lay the foundation for increased performance and future growth.

At the Ho Chi Minh City site, extensive investments were made in the existing facility. A modern office building provides the site with space for further growth, and the depot’s capacity has been increased to over 1,000 tank containers.

Vietnam is currently one of cotac’s strongest-performing locations worldwide – both in terms of economic development and operational performance. Ongoing staff training and close collaboration with the cotac site in Singapore ensure high quality standards. In future, these will be progressed by a dedicated Safety Representative in Ho Chi Minh City to optimise additional processes.

The Laem Chabang site in Thailand was expanded at the same time. Depot capacity was increased from 900 to 1,600 tank containers. In addition, cleaning processes and workshop areas were further developed to meet growing customer requirements. The team in Laem Chabang specialises in tank modifications for European customers, and is preparing for future specialised cleaning demands.

Maersk has opened a new ground freight station and integrated linehaul operations hub in Lake City, Georgia, strategically located just south of Atlanta. This expansion strengthens Maersk’s national logistics coverage across the Southeastern US and integrates into the company’s broader portfolio of end-to-end logistics and supply chain services.

Located near Hartsfield-Jackson Atlanta International Airport and with direct access to Interstate 75, the facility is embedded in a key logistics corridor. Its proximity to major rail lines, regional distribution centres, and Atlanta industrial zones provides seamless connectivity for both regional and national freight operations.

The investment in Lake City reflects Maersk’s commitment to building a smarter, faster, and more connected Ground Freight network. By bringing together cartage and hub operations in Lake City, it is able to improve transit times and provide more consistent, reliable service to the people and businesses that depend on it.

The facility supports a full range of services including specialised and standard LTL services, along with Expedited LTL, FTL, linehaul operations, Home and Store Delivery, and Dedicated Fleet.

Aligned with Maersk’s network optimisation strategy, the Lake City hub utilises advanced routing intelligence, real-time visibility platforms, RF scanning, and digital dimensioning to drive shipment precision and operational transparency.

Facility highlights include:
> 9,755 m2 of operational space
> 28 loading docks
> Dedicated fleet of 15 trucks and 60 trailers
> Supports Less-than-Truckload (LTL) services and linehaul operations
> Equipped with RF scanning and digital dimensioning for shipment accuracy and real-time visibility

Svedbergs Group continues to strengthen its position in the UK market through a new, purpose-built distribution centre in South Gloucestershire. The facility will be operated by the Group’s brand company Roper Rhodes, which has entered into a 15-year lease agreement for the premises, with operations scheduled to commence in July 2026. The expansion supports the Group’s long-term growth strategy and commitment to operational excellence and enhanced customer service.

The new facility will comprise approximately 21,832 m2, providing storage capacity for around 44,000 pallets and pick faces for 12,000 SKUs. It represents a significant step forward from the Company’s current Portbury site, which it will replace, and will enhance logistics efficiency, delivery performance, and support future portfolio expansion and higher service levels in the UK and Ireland.

The site will also feature a showroom and customer conference area, providing an enhanced environment for engagement with trade partners and customers. In addition, the facility will include a modern workspace designed to support collaboration and innovation.

The move marks an important milestone in Svedbergs Group’s strategic ambition to build a stronger and more efficient supply chain platform across its European markets. With sustained sales growth in recent years, the new UK facility ensures the capacity to continue strengthening customer service and operational performance while maintaining the Group’s high standards of service and quality

Lineage, Inc. has expanded its cold storage facility in Hobart, Indiana, US. The project added approximately 17,466 m2 of space and 58,000 pallet positions featuring next-generation automation technology to Lineage’s existing Hobart site. This is the third expansion of the building since 2008, making it the Company’s largest North American facility serving multiple customers.

The fully automated Hobart expansion is equipped to efficiently handle thousands of cases of product daily and better serve customers participating in Lineage’s Velocities multivendor freight consolidation programme.

Velocities combines shipments from multiple vendors into shared truckloads shipping on a fixed sailing schedule to retailer and foodservice distribution centres across the US and Canada.

The programme was designed to help food and beverage producers, retailers, and distributors reduce transportation costs, meet strict delivery windows and increase supply chain reliability.

GLP Spain has signed an agreement with BigMat, the leading distribution group in the independent construction and renovation market, for the lease of a 22,380 m2 warehouse at G-Park Getafe, located in the south of Madrid.

BigMat, with more than 900 affiliated companies and 1,200 sales outlets – both owned and associated – is part of an international group present in seven European countries. The Company has become a benchmark in the construction and renovation sector, offering comprehensive solutions for both professionals and end users.

With over 35 years of experience, BigMat has chosen G-Park Getafe as its new main logistics centre, which will serve as the heart of its distribution network and marks a key step in its expansion strategy in Spain.

From this new logistics platform, BigMat will manage a wide range of products for its sales outlets and customers across central Spain and other regional centres. Although the annual volume of goods has not been disclosed, the facility is set to become a key logistics hub for the Company, consolidating its position as BigMat’s main national distribution centre among the three it currently operates.

BigMat’s decision to establish its new platform at G-Park Getafe stems from the need for an efficient, well-located logistics centre in central Spain. This site allows it to streamline distribution to regional centres and become the heart of its network.

The facility is expected to be fully operational from January 2026, bringing a positive impact on the company’s distribution efficiency.

Sustainability is a core pillar of this agreement. G-Park Getafe holds BREEAM certification, recognising its energy efficiency and use of renewable energy sources, key factors that were positively assessed by BigMat during the site selection process.

It is estimated that the building’s CO2 emissions will be reduced by up to 93.6%, while energy demand will fall by 48.0%, thanks to its photovoltaic panel network. In addition, energy consumption will be cut by 92.3% and water use by 81.6%, supported by a rainwater recovery system.

The facility also prioritises the health and well-being of its users, featuring a ventilation system that meets high air quality standards and materials with low emissions. The project was developed on a previously urbanised site, minimising its ecological footprint, and includes biodiversity measures such as the installation of bird nesting boxes and the planting of native vegetation.

Constellation Cold Logistics has officially opened its expanded cold store at Estate Road 2 in Grimsby, UK, adding 36,000 pallet positions of frozen storage, taking the site’s total capacity to 50,000 pallets.

The £47.0 million expansion – supported by a £5.0 million UK Seafood Infrastructure Scheme grant – represents a major investment in the local economy. It creates over 60 new skilled jobs and supports up to 1,000 additional roles across seafood processing as businesses grow.

Across Grimsby, Constellation now operates over 90,000 pallet spaces, and 135,000 pallet spaces across its UK network. This expansion further strengthens Grimsby’s reputation as the UK’s seafood capital and a key logistics hub for global trade.

The 12,077 m2 facility has been designed around operational efficiency and environmental performance. It features fully frozen loading bays and a 465 m2 energy-efficient plant room serving both existing and new cold chambers.

Operating below -18C with a mix of mobile and static racking, the site consumes less than 30.0% of the energy per pallet compared with older facilities. Solar PV installed across both buildings provides a 50.0%+ reduction in Scope 3 emissions for customers versus traditional storage options in the region. Built to BREEAM Very Good standards, the expansion exemplifies Constellation’s commitment to a smarter, cleaner cold chain.

For many seafood businesses, limited capacity in Grimsby once meant storing products hundreds of miles away. The new expansion removes that constraint, keeping more of the supply chain local and lowering costs, transport miles, and emissions. With 20 dock doors and a Boltrics warehouse management system, the site is built to handle high volumes efficiently while maintaining full traceability.

The Grimsby expansion complements ongoing investment across Constellation’s UK operations – including the upcoming automated cold store in Wolverhampton, set to be one of the most advanced in the country. Together, these developments enhance service reliability and integration across Constellation’s European network.

Porsche Hungaria is investing €20.0 million in the expansion of its parts and logistics centre in Budaörs. The project will add a 11,500 m2 logistics centre to existing facilities, increasing the total storage space to 33,000 m2. It is scheduled for completion in 2027.

Porsche Hungaria is the exclusive importer of Volkswagen Group brands in Hungary, including Audi, SEAT, Škoda, Volkswagen, and VW Commercial Vehicles.

The Budaörs Parts Centre supplies original spare parts to around 250 service centres across nine Central and Eastern European countries.

The Company first established its logistics operations in 2003 and expanded this from 10,000 m2 to 21,000 m2 in 2007. To support market growth, there is now a need for more advanced service and logistics infrastructure.

Robust.AI, a leader in AI-driven warehouse automation, announced a partnership with Saddle Creek Logistics Services, an omnichannel supply chain solutions company, to deploy Robust.AI’s flagship collaborative robotics platform, Carter, in Saddle Creek’s Charlotte, NC warehouse.

Saddle Creek deployed Carter in its order fulfilment operation for a beauty client. It helps to automate and optimise tote delivery operations between multiple processing and labelling lines and more than 20 designated drop-off points. In this capacity, Carter functions as a flexible, non-integrated “virtual conveyor” that streamlines material flow without requiring fixed infrastructure. In addition, Robust.AI customised Carter for Saddle Creek, increasing payload capacity to allow for more items to be picked, put, and moved.

Since deploying Carter, Saddle Creek experienced several key improvements including:

> Reduced walking time for manual tote deliveries, freeing workers for higher-value tasks
> Increased tote capacity per trip, driving faster throughput
> Enabled operator-directed robot actions, allowing human oversight when needed
> Balanced workloads between people and robots
> Reduced congestion for smoother, safer floor operations

Robust.AI’s Carter is a collaborative autonomous mobile robot (AMR) designed to augment existing warehouse operations and workforces. Carter’s software-defined functionality allows facilities to dynamically switch functions between fulfilment picking, point-to-point transport, or mobile sorting, and its drop-in automation capabilities help global manufacturing and logistics providers achieve significant productivity gains. By automating repetitive, physical tasks and eliminating unnecessary walking, Carter boosts worker productivity while empowering them to focus on higher-value responsibilities, reducing friction on the floor, without compromising warehouse jobs.

Saddle Creek suggests that Carter’s collaborative technologies empowers employees to be more productive and help make their jobs easier and less physically and mentally stressful.

Coco Robotics, a leading autonomous delivery company, and DoorDash, a leading local commerce platform, announced an expansion of their partnership to scale autonomous deliveries across Los Angeles, Chicago, and, for the first time, Miami. This expansion introduces grocery and everyday essentials to the types of deliveries Coco powers through DoorDash.

Coco's robots now fulfil select orders from DashMart, DoorDash's owned and operated delivery-only sites that offer customers fresh groceries, retail items, household essentials, local favourites, and more delivered right to their doorstep. DoorDash's network of DashMart locations also power DashMart Fulfillment Services, a new model for retailers to strengthen the reach of their products and gain visibility with potential new customers. Through this expanded partnership, Coco will now support deliveries on behalf of national grocers and retailers for the first time via DashMart Fulfillment Services.

The Miami expansion marks the next step in a successful partnership between Coco Robotics and DoorDash. The two companies first began working together to power autonomous deliveries in Los Angeles and Chicago this year. Following the success of early DashMart pilots, which included more than 14,000 deliveries completed by Coco and DoorDash, the companies are now scaling their autonomous delivery partnership to serve even more customers. Coco's fleet of robots offers an efficient, convenient, and sustainable way to access groceries and everyday essentials, while supporting DoorDash's broader multi-modal delivery platform strategy, which integrates Dashers, drones, and autonomous robots to help meet rising demand, reduce emissions, and ease traffic congestion.

Coco Robotics has already completed over 500,000 zero-emission deliveries and is rapidly expanding its fleet as part of a capital-efficient approach to real-world autonomy. The Company is on track to deploy more than 10,000 robots in 2026, applying research-driven advancements across millions of miles of urban deliveries while continuing to grow its international presence.

CIRRO E-Commerce has announced a new integration with Enveyo, a US-based provider of logistics data management and shipping optimisation software. This integration enables Enveyo users to incorporate CIRRO E-Commerce's into their platform, allowing for effortless generation of shipping labels and order management.

The partnership combines CIRRO E-Commerce's domestic and cross-border small parcel logistics network with Enveyo's shipping software. This collaboration simplifies the shipping process for eCommerce brands, 3PLs, and shippers, providing efficiency in label creation, order tracking, and fulfilment, all while leveraging CIRRO's cost-effective, reliable delivery network.

Integration Benefits:

> Seamless Platform Integration: Enveyo users can easily add CIRRO E-Commerce as a carrier via API, eliminating manual processes and reducing errors.

> Label Generation and Order Management: Users can create CIRRO shipping labels and manage orders in real-time, with tracking and delivery status.

> Enhanced Efficiency for North American Shipping: CIRRO's network of hubs for Expedited, Economy, and Regional delivery, ensure on-time performance and cost savings.

> Scalability and Customisation: Supports high-volume eCommerce operations with flexible routing, returns handling, and compliance for cross-border needs.

DHL Group is accelerating its enterprise-wide AI strategy through a new partnership between its contract logistics division, DHL Supply Chain, and the AI startup HappyRobot. The collaboration marks a significant step in deploying agentic AI to streamline operational communication and enhance both customer experience and employee engagement.

DHL Supply Chain has already successfully utilised HappyRobot's AI agents across several regions and use cases, including appointment scheduling, driver follow-up calls, and high-priority warehouse coordination. These agents autonomously handle phone and email interactions, enabling faster, more consistent, and scalable communication.

AI agents will drive greater process efficiency for customers while making operational roles more engaging and rewarding for employees by automating repetitive and time-consuming tasks such as manual data entry, routine scheduling, and standardised communications.

Current deployments already in use across DHL Supply Chain target hundreds of thousands of emails and millions of voice minutes annually. AI agents are supporting key workflows such as appointment scheduling, transport status calls, and high-priority warehouse coordination - helping teams manage operational communication at scale and with greater consistency.

These implementations have already shown measurable impact - significantly reducing manual effort, increasing responsiveness, and enabling teams to focus on more strategic tasks and exception handling. By automating high-volume communication workflows, AI agents like those from HappyRobot are helping DHL deliver faster, more customer-centric services, while improving the work experience for employees and contributing to long-term workforce retention.

In today's tight labour markets, where qualified talent is increasingly scarce, these technologies allow DHL to maintain - and even improve - responsiveness, customer centricity, and service consistency, while making roles more attractive and sustainable.

HappyRobot's platform enables fully autonomous AI agents to interact via phone, email, and messaging, while integrating seamlessly with DHL's internal systems. And DHL Group continues to expand its AI strategy across all divisions. Beyond current pilots, further use cases are tested.

GOFO has installed a state-of-the-art double cross-belt sorting machine at its Amsterdam hub in the Netherlands, which opened this April. This system is a key part of GOFO's ongoing effort to enhance the resilience and efficiency of its Dutch network, preparing it to reliably meet peak season demand.

Equipped with a six-sided scanner that reads barcodes, QR codes, and other labels, the sorter processes up to 19,000 parcels per hour. Designed for extended daily operation, it achieves a 99.9% sorting accuracy and boosts operational efficiency by 240.0%, optimising parcel handling by weight, volume, type, and route.

GOFO operates three sorting centres in Amsterdam, Boxtel, and Rotterdam. The Amsterdam centre is the first to adopt the automated sorting system, with implementation across the remaining sites planned for the coming year.

The sorter integrates with GOFO’s Transportation Management System (TMS), enabling real-time monitoring, data visualisation, and dynamic parcel validation. Also, its multi-dimensional sorting capabilities reduce manual handling while enabling employees to focus on higher-value tasks.

The launch marks another step in GOFO's initiative to upgrade its Dutch infrastructure, with initial results confirming measurable gains in sorting speed and accuracy. This investment reflects GOFO’s commitment to innovation and operational excellence. Automation not only expands handling capacity but also ensures faster, more reliable delivery for customers.

Marks & Spencer (M&S) and TGW Logistics recently signed a contract for an unparalleled project. This marks one of the most significant orders in the intralogistics specialist’s 55-year history. In Daventry (Northamptonshire, UK), a new future-proof grocery fulfilment centre with two temperature zones will be completed by the spring of 2029. Robots will handle key tasks from transport to storage and retrieval to roll cage building, enabling maximum efficiency.

Marks & Spencer is one of Great Britain's leading retailers. Customers can go online or to one of over 1,000 stores to buy clothing, groceries and homeware. Founded in 1884, the Company now has 65,000 employees and generated a revenue of £13.9 billion in the last business year.

TGW Logistics is building a showcase project in Daventry – roughly 100 kilometres north of London – for Marks & Spencer's grocery division M&S Food; the project is scheduled for completion by the spring of 2029. This distribution centre will set the bar for innovation and efficiency and will be the new benchmark for shop replenishment in Great Britain. Thanks to intelligent automation, M&S will be able to significantly reduce its manual operational steps and increase picking precision. This will lower logistics costs for the long term as well as improving customer service.

The fulfilment centre will be divided into an ambient temperature area and a chilled area. The ambient area will include a high-bay pallet warehouse and a tray-based shuttle system, supported by a fleet of autonomous robots handling the transport of pallets from goods receiving into storage, additional robots will manage the automatic compilation of roll cages for store replenishment. The chilled area will feature a high-performance shuttle system buffering and sequencing trays to automated dolly building machines. Both zones will be interconnected by an energy-efficient conveyor network.

One of Northern Europe’s leading fleet management providers, the Latvian company Mapon, continues to expand its business across Europe by acquiring 100.0% of the shares of the Irish fleet management solutions company Envirokind Limited, known under the Fleet DATA brand.

Both Mapon and Fleet DATA offer fleet management, GPS tracking, safety cameras, and digital tachograph solutions, helping clients efficiently manage their resources, improve road safety, and promote sustainable corporate governance. With this acquisition, Mapon will expand its presence and customer base in Ireland, while also strengthening its team with experts who have extensive experience in the Irish market.

Fleet DATA was founded in Galway in 2012 by Stephen Connell, Founder and Managing Director, who will now lead Mapon’s Irish branch.

Mapon has previously made similar acquisitions to expand its market share in Europe, acquiring companies in Estonia, Lithuania, Finland, Sweden, and Denmark.

The fact that electric trucks can be used economically in long-distance transport is demonstrated by WLX WeLink Express in Malmö, Sweden. The Company is the first transport service provider in Sweden to put the battery-electric Mercedes-Benz eActros 600 into operation as a tractor-unit truck.

The eActros 600, which is designed for long-distance transport, is currently being used by WLX WeLink Express for DHL, as truck-trailer combination on a route of over 1,000 kilometres, which is handled jointly by several drivers. With a total length of up to 25.25 meters, seven axles, and a total weight of 36 tons, the eActros 600 is on the road for the international logistics service provider five days a week for a total of about 18 hours per day on two routes between Malmö, Jönköping, and Emmaboda. The electric truck reliably achieves a range of 500 kilometres – even when more than half of the daily route is driven with a link trailer combination. To increase operational efficiency, WLX WeLink Express uses every break to recharge the vehicle. In the future, the eActros 600 will also be used on round trips to Gothenburg during the night shift.

About the eActros 600

Mercedes-Benz Trucks celebrated the series launch of the eActros 600 at the end of November last year at the Mercedes-Benz plant in Wörth. Deliveries to customers began in December 2024. The electric flagship from Mercedes-Benz Trucks has already proven its capabilities several times under real-life conditions: In customer use and as part of the “eActros 600 European Testing Tour 2024”, a 15,000-kilometre all-electric development trip through a total of 22 countries and the “European Testing Tour Winter 2025” on around 6,500 kilometres through Northern Europe, each with a gross combination mass of 40 tons.

The high battery capacity of over 600 kilowatt hours - hence the model designation 600 – and a new, particularly efficient electric drive axle developed in-house enable the eActros 600 to achieve a range of 500 kilometres without intermediate charging. This range is accomplished under very realistic and practical conditions with a gross combination mass of 40 tons, which can also be significantly exceeded depending on the driving style and the route. The eActros 600 will even be able to cover well over 1,000 kilometres per day. Intermediate charging during statutory driver breaks makes this possible, provided that charging options are available.

The eActros 600 has three battery packs, each with 207 kWh. These offer an installed total capacity of 621 kWh. The batteries are based on lithium iron phosphate cell technology (LFP) and are characterised by a long service life. The development engineers at Mercedes-Benz Trucks designed the eActros 600 to meet the same requirements for the durability of vehicles and components as a comparable conventional heavy-duty long-haul Actros. This means up to 1.2 million kilometres in ten years of operation. After this period of use, the battery state of health should still be above 80.0%. In contrast to other battery cell technologies, more than 95.0% of the installed capacity can also be used with LFP technology. This facilitates a higher range with the same installed battery capacity. The vehicle is technically designed for a gross combination mass of up to 44 tons. With a standard semitrailer, the eActros 600 has a payload of around 22 tons in the EU. There might be cases in which national law allows higher payloads.

In order to meet even more customer requirements, Mercedes-Benz Trucks recently expanded its battery-electric truck portfolio with additional variants based on the Mercedes-Benz eActros 600. Depending on their requirements in terms of range, payload, and comfort, customers will be able to choose between two cab variants, two or three battery packs, numerous wheelbases, and new axle configurations. The second model generation of the eActros thus offers over 40 variants of the base vehicle. The new vehicle versions feature the key characteristics of the eActros 600, such as LFP battery technology and the specially developed eAxle.

Amazon has just launched electric cargo bikes in Antwerp, operating from an existing delivery station in Blue Gate. The launch adds to its existing zero-tailpipe emission e-cargo bike delivery network in Brussels' Pentagon area. The new fleet of e-cargo bikes will directly replace part of the traditional van trips in Antwerp's city centre and reduce traffic congestion. The bikes will be complemented by electric vehicle deliveries to handle bigger or heavier parcels when necessary.

Antwerp joins a growing network of European cities, including Berlin, Lyon, and Manchester, where the Company has successfully introduced e-cargo bike deliveries. As the second Belgian city where Amazon packages are delivered with e-cargo bikes, Antwerp's new service will leverage a fleet of electric cargo bikes for agile, zero-tailpipe emission deliveries in dense urban areas, with electric delivery vans for high-volume routes.

Departing directly from our existing delivery station in Antwerp, packages will be loaded onto e-cargo bikes for the final leg of their journey into the city centre. This mode of transportation not only ensures more efficient deliveries in dense urban environments but also helps reduce traffic congestion and parking challenges. By leveraging Antwerp's unique network of cycling paths, the Company is working to alleviate urban congestion through innovative delivery methods while remaining equally committed to ensuring the safety of delivery associates.

The introduction of e-cargo bikes deliveries in Antwerp is part of a broader strategy to decarbonise operations. Amazon continues to innovate in last-mile delivery, with more than 60 micromobility hubs now operational in over 45 European cities, enabling millions of zero-exhaust emission deliveries. The introduction of e-cargo bikes in Antwerp strengthens this expanding network, demonstrating a dedication to making deliveries more sustainable and efficient for communities everywhere.

XPO Logistics and MLP (Messageries Lyonnaises de la Presse), France's leading press distributor, have announced a strategic partnership. XPO Logistics provides daily distribution of press titles to 26 depots in France and Luxembourg, with one priority: combining operational performance with reduced CO2 emissions. Since March 2025, five additional destinations are now being delivered using HVO (hydrotreated vegetable oil) fuel.

By using over 160,000 litres of HVO (hydrotreated vegetable oil) biofuel via its LESS HVO solution, XPO Logistics will enable MLP to save 416 tonnes of CO2. This initiative is part of the FRET21 scheme run by the AUTF and ADEME, under which MLP has committed to reducing its CO2 emissions by 5.0% between 2022 and 2025 and by a further 5.0% between 2025 and 2027, through its transport partners.

XPO Logistics, a signatory to ADEME's CO2 Objective Charter, has a long-standing commitment to more responsible logistics by reducing emissions related to its activities. A pioneer in the use of gas and multimodal transport, the Company now operates a diversified energy mix, adding biofuels and electric vehicles, in which it is investing heavily. It offers its customers proven, multimodal and multi-energy solutions to provide them with practical support in achieving their own decarbonisation objectives.

From MLP's warehouses, XPO Logistics operates 13 daily routes to 26 depots in France and Luxembourg. In France, deliveries are handled entirely independently by XPO Logistics drivers, allowing MLP to focus its teams on their core business activities without the need for intervention at the depots.

In Luxembourg, the organisation adapts to local constraints: deliveries according to specific time slots, with unloading carried out by depot employees. A specific system is also in place for public holidays to ensure the continuity of deliveries in complete autonomy.

The collaboration also includes weekly management of unsold items, thereby optimising return flows and contributing to more responsible and circular logistics.

Royal Mail has launched a new fleet of over 100 micro electric vehicles (MEVs), in a major step forward to both reduce carbon emissions and boost delivery speeds. In the coming weeks, 104 MEVs will be rolled out in London, Bristol, Newcastle-under-Lyme, Solihull, Brighton and the Scilly Isles, just in time for the peak Christmas period.

Replacing 52 larger vans, the MEV fleet is expected to save around 242 tonnes of carbon emissions annually and improve local air quality, while also making delivery rounds more efficient. Thanks to their compact design, the MEVs are easier to drive and park in busy streets. Posties will also have their own MEV instead of sharing a van, streamlining route planning and speeding up deliveries.

Unlike standard electric vans, MEVs can be plugged into a regular three-pin plug socket for charging. As they do not need special EV charging infrastructure, they can be used at any delivery office, even sites that were previously ruled out due to limited yard space or electricity capacity.

Royal Mail initially trialled MEVs in 2021, but this is the first time they have been rolled out at scale. The company will use a combination of Paxster and Neomar D01 models in its fleet.

Toll Group, in partnership with Coles, has launched its first electric heavy vehicle programme in Perth, marking a key milestone in their shared commitment to building a more sustainable grocery delivery network in Western Australia.

Launched from the Coles Distribution Centre (DC) at Kewdale, two new Volvo FM battery electric prime movers will replace conventional diesel-powered trucks, abating approximately 100 tonnes of CO2 emissions per vehicle annually (based on average 82,500kms travelled per annum). Capable of travelling up to 270kms on a single charge, these vehicles represent a major step toward more sustainable grocery transport.

Expected to complete up to 52 deliveries to Coles stores across Perth each week, the electric vehicles (EVs) offer a quieter and lower emission transport solution. As part of this co-investment with Coles, the initiative also includes a dedicated dual-port 180kw charging station at their Kewdale DC.

Beyond environmental benefits, the electric heavy vehicles are equipped with advanced safety systems and technology designed to protect drivers, enhance service delivery performance, and support community safety.

This initiative forms part of Toll’s A$67.0 million investment in battery electric heavy vehicles and charging infrastructure, co-funded by the Australian Renewable Energy Agency (ARENA) through its ‘Driving the Nation’ programme. ARENA’s support has been instrumental in enabling this transition.

Insights from this initiative will support broader industry efforts to transition to lower emissions freight transport across Australia.

Toll Group has announced the continued rollout of its electric vehicle (EV) fleet across China, reinforcing its commitment to sustainable logistics and innovation in the transport sector.

This strategic expansion responds to the growing market demand for the rapidly evolving EV segment. The newly deployed EVs are specifically designed to shuttle between customer factories and Toll’s warehouse facilities, ensuring efficient and environmentally conscious transport solutions.

The initial rollout will focus on the Guangzhou region, selected for its high concentration of manufacturing facilities and strong business demand. Toll is also exploring the deployment of electric trucks to further enhance sustainability and operational efficiency, enabling full truckloads for both outbound and return journeys.

Central to this initiative is the Dongfeng DFH4250DBEV6 electric truck, which delivers robust power for seamless heavy-duty transportation. It supports both fast-charging and battery swap modes, allowing flexibility for high-intensity operational schedules. The truck is equipped with Electronic Braking Systems (EBS) and multiple intelligent safety warning systems, ensuring safe and reliable performance. Its lightweight design, combined with multi-leaf spring options, enhances load-bearing efficiency and improves per-trip transport revenue.

From an environmental perspective, each electric truck is estimated to reduce CO2 emissions by 0.85 kg per kilometre compared to traditional diesel vehicles. Additionally, part of the electricity used for charging comes from solar power, further amplifying the sustainability impact.

This rollout is part of Toll’s long-term sustainability strategy in China, supported by partial government subsidies for the purchase of new electric trucks. It reflects Toll’s commitment to innovation, operational excellence, and environmental stewardship.

The Post & Parcel Germany (P&P) division of DHL Group and its subsidiary StreetScooter GmbH, in collaboration with engineering partner IAV, have developed a new charging and load management system for electric vehicles. Compared to previous solutions, this new system not only enables efficient charging of EVs, but also prevents unnecessary load peaks through intelligent energy flow control-resulting in lower costs. It also optimises the use of self-generated energy (e.g., solar power) and simplifies the integration of stationary battery storage and heat pumps. Additionally, it reduces complexity and provides transparency regarding energy consumption and the utilisation of vehicles and infrastructure.

Following a successful pilot project involving 600 electric vehicles from various manufacturers, the newly developed system has now been rolled out across the entire P&P division.

With over 35,000 electric vehicles, there is a significant need for an intelligent, stable charging and load management system that is deeply integrated into the Company’s operations. This new in-house solution helps it reduce energy costs, accelerate electrification, and ensure operational stability in the mail and parcel business.

The intelligent charging management system enables vehicle charging control via backend-to-backend interfaces as well as directly through vehicle connectivity. Based on the (live) state of charge and customisable charging parameters, the optimiser calculates the total energy demand and assigns vehicle-specific 24-hour charging plans. The system continuously adapts to changing conditions - such as preconditioning the vehicle interior or battery parameters during colder months - and ensures optimal performance by updating the parameters accordingly. Defined interfaces also allow relevant data to be integrated into external analysis and monitoring systems, enabling separate monitoring of charging processes, more efficient deployment planning, and significantly faster error analysis.

The jointly developed solution is now available to third-party customers as part of a new partnership between StreetScooter and IAV.

Last month, FedEx continued its sustainable aviation fuel (SAF) procurement momentum, beginning to take delivery of blended SAF at two additional US airports for the first time: Chicago-O’Hare Airport and Miami International Airport. The start of these fuel deliveries in October marked the Company’s second and third deployments of blended SAF at a major US airport in six months. In May, FedEx announced its first major US SAF deployment at Los Angeles International Airport.

Each executed agreement signals to fuel producers that airlines are willing and eager collaborators to help to scale the SAF market.

The aviation industry still faces a mismatch between available SAF supply and carrier demand, but FedEx is encouraged by the early signs of increased SAF production globally this calendar year.

At O’Hare, FedEx will receive a blend to include a total of one million gallons of neat SAF at a minimum 30.0% blend from Air bp. With its first fuel delivery in October, FedEx became the first US all-cargo airline to purchase and deploy SAF at Chicago-O’Hare International Airport (based on publicly available information).

Existing fuel infrastructure and enabling policy conditions at the state level made sourcing SAF at O’Hare a logical next step in the Company’s alternative fuel procurement strategy.

At Miami International Airport, FedEx has started to take delivery of around three million gallons of blended SAF at a 30.0% blend minimum from AEG.

Under current fuel standards, neat, or unblended, SAF is mixed with traditional jet fuel before use in an engine. Blended SAF is a “drop in” fuel, meaning airlines do not need to make changes to existing aircraft engines or fuelling infrastructure to use it. By 2030, FedEx aims to obtain 30.0% of its fuel supply from alternative sources, on a blended basis.

Deploying SAF is just one component of a broader FedEx aviation sustainability and fuel efficiency strategy. Though the emissions profiles of SAF and traditional jet fuel are similar when burned, the production of sustainable aviation fuel can result in up to 80.0% fewer lifecycle emissions compared with the extraction of conventional fuels - when used in neat form (i.e., unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology.

However, this technological reality means that reducing overall fuel consumption and increasing operational efficiency must go hand-in-hand with alternative fuel uptake in order to reach emissions goals as an industry.

Aircraft modernisation and other fuel savings initiatives enabled FedEx to avoid the use of 140 million gallons of jet fuel in FY 2024, resulting in US$400.0 million in savings for the Company. In FY 2024, FedEx achieved its previous goal of a 30.0% reduction in aircraft emissions intensity from a 2005 baseline. Upping its ambition, FedEx has since expanded that goal to target a 40.0% reduction in aircraft emissions intensity by 2034.

AD Ports Group has announced the appointment of seasoned logistics executive Jochen Thewes as the CEO of the Group’s Logistics Cluster. The appointment, which takes effect 01 December 2025, reinforces the Group’s ambition to elevate its Logistics Cluster into the ranks of the world’s leading logistics providers, building on the strong foundations and global footprint established through the Group’s logistics arm, Noatum Logistics.

Thewes brings decades of international experience to his new role at AD Ports Group, for over nearly a decade, he served as CEO and Management Board Chairman of Deutsche Bahn’s DB Schenker, one of the world’s top logistics players, which had €19.2 billion in revenue in 2024. He played an instrumental role in the Company’s sale in April 2025 to DSV.

Under Jochen’s leadership, the Group will accelerate the transformation of its logistics business, fully leveraging the synergistic strength of the Group’s business-cluster ecosystem to deliver enhanced value to partners and shareholders.

DHL Global Forwarding, has appointed Tobias Maier as Chief Executive Officer for the Middle East & Africa region, effective 01 December 2025. He succeeds Amadou Diallo, who will be stepping down after more than eight years of transformative leadership.

Tobias Maier brings a wealth of experience in finance, digital innovation, and strategic growth to his new role. Since joining DHL in 2008, he has held several leadership positions, most recently serving as CFO for the Middle East & Africa region and CEO of Saloodo! Middle East & Africa, DHL's digital freight platform. Tobias has been instrumental in driving regional M&A activities, expanding the Company's footprint in key markets such as Saudi Arabia, Algeria, Ethiopia and the UAE, and establishing innovative initiatives such as DHL's RailDirect joint venture with Etihad Rail.

Amadou Diallo leaves behind a legacy of growth and innovation, and a strong culture of engagement. Since taking the helm in 2017, he has significantly expanded DHL Global Forwarding’s presence across the Middle East and Africa, championed sustainable logistics solutions, and overseen a period of significant investment in these strategically important markets. He looks back on over 30 years of experience in international logistics and finance leadership roles within DHL Group, having previously held the roles of global CEO, DHL Freight and CEO for DHL Global Forwarding in different regions such as South Asia Pacific. Born in Senegal, he has been a passionate advocate for youth empowerment in Africa and has actively supported initiatives focused on healthcare and food security through his philanthropic and non-executive volunteer work.

Aramex has announced the Board-approved appointment of Amadou Diallo as Group Chief Executive Officer, effective 01 May 2026. Amadou brings more than 30 years of global leadership experience in the logistics industry, with a strong record of building high-performing teams and leading transformation across freight, express, and supply chain operations. Most recently, he served as CEO for the Middle East & Africa at DHL Global Forwarding.

Over the course of his career, he has held a range of senior leadership roles - including CEO, CFO, and COO positions - across major business units spanning Europe, Asia Pacific, the Middle East, and Africa. His extensive operational expertise and strategic mindset are matched by a leadership style rooted in collaboration, performance, and innovation.

Until Amadou formally assumes the role, Nicolas Sibuet will continue as Acting Group CEO, leading the Company through the close of the 2025 financial year and into 2026. Nicolas has provided strong, steady leadership during a period of transformation and will remain focused on execution and delivery throughout the transition.