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Behind closed doors
Photo: Gebruder Weiss
Austrian logistics and haulage operator Gebrüder Weiss recorded a 10% growth in revenues in 2024 over the previous year and itself described itself as “a crisis-resistant service provider and dependable employer”.
The company today reported that its 2024 revenues amounted to €2.71bn, compared to the €2.46bn it received in 2023.
The privately owned firm did not report profitability but said its equity ratio remained steady at 60%, while its workforce across the group’s 180 locations globally rose by 100 over the course of 2024 to 8,700.
“We’re firmly on track – despite geopolitical and economic tensions, we gained market share and grew, countering the overriding trend,” Wolfram Senger-Weiss, CEO of Gebrüder Weiss, said.
“By investing in our network, automation and digital innovation, we succeeded in expanding our range of services and developing the transport solutions our customers need – with the explicit aim of guaranteeing supply chain stability,” he added.
Its freight forwarding division saw the strongest growth in terms of revenues, ending the year with €939m, 21% up on 2023 “powered by various factors, including the expansion of the networks in the United States and Germany, alongside high transport volumes in transpacific trade.
“Rising sea freight rates for exports from China to Europe provided an additional boost,” the company added.
Meanwhile, its largest business line remained land transport & logistics, where it saw 5% growth to €1.52bn, and included its Home Delivery service.
Meanwhile, DPD Austria, which is partly owned by the Gebrüder Weiss parcel service, processed more than 63.2m parcels last year, an increase of 1m.
The company said that despite the economically challenging environment, it remained committed to its investment strategy and that during 2024 €124m was “devoted to expansion and modernization measures, environmentally friendly power generation and e-mobility”.
Investments included the opening of new automated warehouse capacity in Europe while in North America it completed the acquisition of air and sea freight forwarder Cargo Link in Salt Lake City and opened a new branch in Phoenix, Arizona.
It also made decarbonisation investments with the addition of a series of electric trucks to its haulage and parcels fleets.
“Along with the issues of sustainability, infrastructure and digitalization, the logistics industry faces numerous other hurdles this year,” Mr Senger-Weiss added.
“The persistently weak economy in Europe, new tariffs, and the crisis in the automotive industry are intensifying the competition for many companies.
“Gebrüder Weiss will continue to meet these challenges with a solution- and technology-oriented approach while aligning its general business strategy to the needs of its customers,” he explained.
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