The international transport and logistics company Gebrüder Weiss has published preliminary net sales of US$2.8 billion for the 2021 financial year, which translates into a year-over-year increase of 43%, and out of this, more than 70% was generated by the sea and air business.
“2021 was another exceptional year and characterised by great volatility. The imbalance between low cargo capacities and high demand had a huge impact,” stated Wolfram Senger-Weiss, CEO of Gebrüder Weiss.
The acquisition of the Ipsen Logistics operations in Germany, Poland, and Malaysia at the end of 2020 marked an important step forward for the global network. In total, the sea, air and logistics division reported annual sales of US$1.13 billion, while the land transport and logistics division achieved sales up 16% to US$1.41 billion in 2021. All of the land transport product groups set new records for consignments.
During the same period, Gebrüder Weiss transported 1.74 million shipments to end consumers in Austria and multiple eastern European countries via its home delivery service, extending its market in this segment.
Last but not least, the German transportation company expanded significantly its presence in Europe during the previous year. In Bavaria, Gebrüder Weiss consolidated its southern German land transport network with a number of acquisitions, which were flanked by takeovers in Bulgaria and Turkey, while new locations were established in Hungary, the Czech Republic, and South Korea.
In total, Gebrüder Weiss invested more than US$123 million in new construction and the expansion of existing sites, representing the highest investment volume in the company’s history. Therefore, the company also augmented its workforce, which rose by 8% and now totals nearly 8,000 employees.
