Business, Forwarding, Freight News, Logistics

Gebrüder Weiss sales soar

[ March 16, 2022   //   ]

Austrian forwarding and logistics company Gebrüder Weiss posted preliminary net sales of €2.54 billion for the 2021 financial year, up 43% on 2020. More than 70% of the increase was generated by the Air & Sea business as the global shortage of cargo capacity led to shipping companies and airlines repeatedly raising their rates. The company organized additional air freight charters using converted passenger aircraft during 2021. The acquisition of the Ipsen Logistics operations in Germany, Poland, and Malaysia at the end of 2020 also boosted its global network with the  Air & Sea and Logistics division reporting annual sales of €1,030 million compared with €470 million in 2020.