{"id":458561,"date":"2021-03-16T08:10:03","date_gmt":"2021-03-16T12:10:03","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458561"},"modified":"2021-03-16T08:10:03","modified_gmt":"2021-03-16T12:10:03","slug":"gebruder-weiss-demonstrates-resilience","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gebruder-weiss-demonstrates-resilience\/","title":{"rendered":"Gebr\u00fcder Weiss demonstrates resilience"},"content":{"rendered":"

\nThe international logistics company posted net sales of 1.77 billion euros during the past financial year \/ Key milestones achieved in digitalization, sustainability and global network growth
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Lauterach, March 16, 2021 (GLOBE NEWSWIRE) — The international transport and logistics company Gebr\u00fcder Weiss posted net sales of 1.77 billion euros in its 2020 financial year. This represents a year-over-year increase of 3.7 percent (2019: 1.71 billion euros). As such, the company continues to drive the growth it has been generating in previous years. “Key to our positive development was the fact that we remained flexible and fully operational during the Covid-19 crisis \u2013 at all of our locations worldwide. We retained our ability to provide the transport solutions our customers need, despite repeated lockdowns and global cargo space shortages. Our employees have performed outstanding work under difficult conditions,” says Wolfram Senger-Weiss, Chairman of the Management Board at Gebr\u00fcder Weiss.<\/p>\n

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\n Best of both worlds: Digital strategy proves its value
<\/b>The company set a milestone in its ongoing digitalization when it launched the new customer portal myGW<\/a> in 2020. The online platform offers fast, direct, and straightforward access to all Gebr\u00fcder Weiss services while providing real-time status information. “Our digital strategy ‘Best of Both Worlds’ \u2013 by which we mean the combination of physical and digital competence \u2013 has proven itself successful during this crisis. We have been able to underscore our reputation as a reliable and innovative logistics partner. The positive customer feedback has reaffirmed our strategic direction,” says Wolfram Senger-Weiss. The customer portal is currently operating in Austria, Germany, Switzerland, Hungary, Slovakia, and the Czech Republic. A rollout into further countries is planned for this year.<\/p>\n

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\n Worldwide network expanded
<\/b>The year 2020 also saw Gebr\u00fcder Weiss make renewed progress in strategically extending its global reach: in the air and sea freight division, Gebr\u00fcder Weiss added locations in Germany and entered the markets in Poland, South Korea, Malaysia, Australia, and New Zealand. “Given the restrictions on travel, the expansions were all implemented remotely. This involved daunting challenges for the various teams \u2013 which they managed well using digital communication tools,” says Senger-Weiss. The international network now comprises a workforce of 7,400 employees (full-time equivalent) at 170 locations in 35 countries. All in all, the logistics company invested more than 70 million euros in expanding and extending its terminal network and in IT infrastructure, as well as in acquisitions. The equity ratio again exceeded 60 percent, a major reason behind the company’s strength and ability to continue evolving despite adverse conditions.<\/p>\n

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In the United States, despite a very difficult environment in 2020, Gebr\u00fcder Weiss<\/a> was able to move forward with plans to open a new warehouse in California\u2019s Inland Empire. The US team navigated challenges to achieve an overall result that was better than expected. \u00a0\u201cOne of the reasons I believe we were able to overcome many of the obstacles we faced last year was because we prioritized the health and safety of our staff. This important effort helped ensure our customers\u2019 supply chains experienced as little disruption as possible,\u201d said Mark McCullough, CEO of Gebr\u00fcder Weiss USA.<\/p>\n

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\n Focus on sustainability: CO2<\/sub> neutrality by 2030
<\/b>Clearly defined goals are also a hallmark of the Gebr\u00fcder Weiss sustainability strategy: with CO2<\/sub> emissions set to be reduced by ten percent annually, the company aims to be CO2<\/sub> neutral by 2030. The measures taken include the installation of further photovoltaic systems at its own logistics terminals, coupled with increasing the use of alternative drive technologies such as electricity, gas, and hydrogen for trucks. Since last year, Gebr\u00fcder Weiss has also been offering customers the option of offsetting their carbon emissions with support for certified climate protection projects.<\/p>\n

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The diverging development at the company’s individual divisions reflects the economic volatility of the past year. Given the various restrictions and the closures of some customers’ plants, especially during Q2, the land transport and logistics division saw its sales decline by 4.3 percent to 1.10 billion euros (2019: 1.15 billion euros). Higher demand in online retailing produced a 29 percent increase in home delivery<\/a> consignments (1.37 million consignments in 2020) \u2013 an area in which Gebr\u00fcder Weiss is the market leader in Austria and several Eastern European countries. At 470 million euros, sales in air and sea freight were up by 23.7 percent (2019: 380 million euros). Along with a strong business performance, most notably in the air freight sector, the acquisition of Ipsen Logistics had a positive impact. Against a backdrop of severe challenges, DPD Austria, which is partly owned by the Gebr\u00fcder Weiss parcel service, delivered more than 57 million parcels. This increase of more than ten percent was successfully managed despite the coronavirus crisis.<\/p>\n

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\n About Gebr\u00fcder Weiss
<\/b>Gebr\u00fcder Weiss, a global freight forwarder with a core business of overland transport, air, and sea freight and logistics, is the world’s oldest transport company with a history that dates back more than 500 years. The family-owned company employs more than 7,400 people worldwide and boasts 170 company-owned locations. The business established a presence in the United States in Chicago in 2017 and has since expanded its North American locations to include Atlanta, Boston, Dallas, Los Angeles, New York, San Francisco, Montreal, Toronto, and Vancouver. Developing and changing with its customers’ needs during its long history, Gebr\u00fcder Weiss is also a pioneer in sustainable business practices having implemented myriad ecological, economic, and social initiatives.\u00a0 The company’s voyage into North America, along with its continuous growth, illustrates the need for highly experienced providers of global solutions through an international network of supply chain experts. Customized solutions with a single point of contact provide customers with an exceptional service experience focused on reliable and economical solutions.<\/p>\n

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\n Media Contact:<\/b>\n <\/p>\n

Karolyn Raphael, Winger Marketing<\/p>\n

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\n karolyn@wingermarketing.com<\/b>
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T\u00a0 312-494-0422<\/p>\n

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\n Gebr\u00fcder Weiss<\/b>\n <\/p>\n

251 Wille Road, Suite C
IL 60018 Des Plaines<\/p>\n

T 847.795.4300<\/p>\n

\n usa@gw-world.com<\/a>\n <\/p>\n

\n www.gw-world.com<\/a>\n <\/p>\n

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\n Contact<\/u>\n <\/p>\n

Gebr\u00fcder Weiss Corporate Communications<\/p>\n

Merlin Herrmann<\/p>\n

\n press@gw-world.com<\/a>\n <\/p>\n

Bundesstrasse 110, A-6923 Lauterach<\/p>\n

T +43.5574.696.2169<\/p>\n

F +43.5.9006.2173<\/p>\n

\n www.gw-world.com<\/a>\u00a0<\/p>\n

\n www.gw-world.com\/de\/news<\/a>\n <\/p>\n

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\n Attachments<\/strong>\n <\/p>\n