Global logistics leader Gebrüder Weiss closed its 2024 fiscal year with €2.71 billion in revenue, marking a 10% increase from the previous year. Despite economic and geopolitical challenges, the company expanded its market share through strategic investments in its network, automation, and digital solutions.
Air & Sea Growth Leads the Way
The Air & Sea division saw the highest growth, reporting €939 million in revenue, a 21% jump from 2023. Expansion in the U.S. and Germany, alongside strong transpacific trade volumes and rising sea freight rates from China to Europe, contributed to this success. Ongoing Red Sea disruptions, forcing ships to reroute around Africa, further influenced global logistics.
Steady Gains in Land Transport and Logistics
The Land Transport and Logistics segment grew 5% to €1.52 billion, including robust performance in home delivery services across Austria and Eastern Europe. DPD Austria, partially owned by Gebrüder Weiss, processed 63.2 million parcels, a one-million increase from 2023, driven by strong e-commerce demand.
Commitment to Stability and Innovation
With an equity ratio of 60%, the company remains financially strong, employing 8,700 people across 180 locations worldwide. Despite economic headwinds, €124 million was invested in network expansion, automation, and green energy projects.
Key developments included:
- New logistics and IT center in Austria, featuring a fully automated warehouse.
- Expansion of hubs in Germany, Austria, Slovakia, and Georgia.
- Acquisition of Cargo Link (Salt Lake City, Utah), strengthening U.S. operations.
- Growth of its digital platform, myGW, now with 25,000 registered users.
Advancing Sustainability Goals
Gebrüder Weiss ramped up its renewable energy initiatives, installing new solar power systems in Hungary and Slovakia. Its 34 photovoltaic systems generated 13,000 MWh of electricity, covering nearly 50% of the company’s global energy needs and reducing CO2 emissions by 2,738 metric tons.
In transport, the company expanded e-mobility solutions, adding electric delivery vehicles in Austria, Hungary, Croatia, and Romania, and introducing electric trucks in Germany and Austria. Additionally, a large part of its Austrian truck fleet has switched to hydrogenated vegetable oil (HVO), cutting emissions by up to 90% compared to diesel.
Looking Ahead
CEO Wolfram Senger-Weiss acknowledged ongoing industry challenges, including economic stagnation in Europe, new tariffs, and disruptions in the automotive sector. However, the company remains committed to a technology-driven, customer-focused strategy, ensuring resilient and sustainable supply chains in the years ahead.
