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Not All Freight Accounting Tools Are Equal—Here’s the Difference

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Every freight forwarding transaction involves a chain of variable costs, multiple currencies, fluctuating rates, and third-party vendors. Unlike traditional industries, freight businesses don’t operate on flat pricing or simple income-expense structures. Each shipment is its own project—each with its own profit and loss equation.

As global supply chains become more volatile and customer expectations rise, the pressure on freight finance teams has intensified. You’re expected to quote faster, invoice with zero errors, comply with local and international tax rules, and report real-time profitability across branches, lanes, and verticals.

And yet, many logistics service providers still rely on disconnected accounting tools or generic ERP systems—none of which are equipped to handle the specific financial nuances of the freight business.

Real-World Scenarios Where Freight Accounting Fails

1. The Invoicing Delays Spiral

A freight forwarder completes a multimodal shipment for a high-value customer. Operations close the job, but finance doesn’t receive all the cost inputs—like handling charges, CHA fees, or fuel surcharges—from third parties in time. The invoice is delayed, cash flow takes a hit, and the customer flags the final amount as inconsistent with the quote. This happens more often than most would like to admit.

2. The Invisible Cost Trap

In an air freight job routed through multiple carriers, a forwarder fails to capture two out-of-scope charges from a subcontracted trucking leg. The shipment looks profitable on the surface—but hidden costs eat away margins. Without integrated cost capture, these leakages remain invisible.

3. The Multi-Currency Mayhem

Your Dubai office earns in AED, pays overseas agents in USD, and receives third-party invoices in EUR. The finance team struggles to reconcile exchange rates manually, leading to incorrect entries and skewed profitability metrics across branches.

These are not rare cases—they are industry-wide challenges. And they require a solution that’s built with freight realities in mind.

Logi-Sys: Accounting Software Built for Freight

Here’s how it solves the problems freight forwarders face every day:

  1. Built-In Financial Accounting, Not an Afterthought

Unlike standalone tools, Logi-Sys’s financial module is fully embedded into the operational workflow. As soon as a job is booked and executed, the financial impact is automatically mapped—from revenue recognition to third-party costs—eliminating delays, omissions, or guesswork.

  1. Accurate & Timely Invoicing

Invoices are generated the moment jobs are completed, with pre-mapped cost heads, taxes, and customer-specific terms. Whether it’s a local trucking invoice or a complex multimodal shipment, Logi-Sys ensures precision billing—on time, every time.

  1. Shipment-Level Profitability Tracking

Every shipment in Logi-Sys shows its revenue, cost, and net margin in real time. You can filter by customer, branch, sales rep, or route to see exactly where you’re earning and where margins are getting squeezed.

  1. Multi-Currency & Taxation Compliance

Handle vendor payments, receivables, and cost allocations across currencies with automated exchange rate capture. Regional compliance with GST, VAT, and TDS is built in—with system-generated audit trails to satisfy tax authorities.

  1. Robust Audit Controls & Financial Reports

All transactions are backed by system-generated logs and role-based approvals, so nothing slips through. From AR/AP statements to P&L, balance sheets, tax reports, and ledger drill-downs—Logi-Sys equips your finance team with every tool they need.

Designed for Freight. Trusted by Freight Professionals.

Logi-Sys isn’t a generic ERP system that’s been customized for freight. It’s been built from the ground up for freight forwarders, CHAs, and logistics service providers.

That means its accounting software:

  • Speaks the language of jobs, legs, and consolidations—not just ledgers

  • Understands revenue leakage isn’t a concept—it’s a daily risk

  • Knows that one delayed invoice can disrupt your month-end close

And it scales with you. Whether you’re a single-office operator or a global forwarder with operations across 10 countries, Logi-Sys gives you the financial visibility and controls to grow with confidence.

Is It Time to Upgrade Your Freight Accounting?

If your finance team is spending more time reconciling than reporting, if your cash flows are unpredictable, and if your profitability metrics don’t reflect reality—then it’s not just a software issue. It’s a business risk.

Logi-Sys is the industry-specific accounting software for freight that helps you regain control. Accurate billing, real-time profitability, audit readiness, and seamless compliance—it’s all in one place.

Want to see how it works for your business? Book a demo with our experts and explore how Logi-Sys transforms finance from a bottleneck into a growth driver.



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Iceland Foods Opens Warehouse

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Located at Omega Park, the new site is Iceland’s largest warehouse to date. It will serve as a major hub for distributing products to over 350 Iceland stores nationwide, with the potential to expand its reach to 500 locations in the future.

The warehouse, which includes ambient, chill, and frozen chambers, has been designed with future growth in mind, incorporating state-of-the-art technology to drive efficiency and ensure a resilient supply chain.

Iceland’s investment also supports a more sustainable operation, with the site partly powered by solar panels to increase green energy consumption.

Tarsem Dhaliwal OBE, Iceland Foods chief executive (pictured right), said: “We’re always looking at ways to make our business stronger, more efficient, and better for our customers. Investing in our supply chain is a huge part of that, and this new state-of-the-art warehouse is a game-changer.

“It gives us the capacity to grow, improve service, and future-proof our operations for years to come. Warrington means a lot to me personally, as the place where I grew up, and it gives me particular pleasure to have been able to make such a major investment here.

“We’re proud to be employing more than 750 people and delivering real economic benefits to the local community.”

Gavin Williams, GXO MD for the UK and Ireland (pictured left), said: “We’re proud to be delivering the next phase of our logistics partnership with Iceland as we support their long-term ambitions with a warehouse that is fit for the future.

“The new Warrington regional distribution centre is great news for the local community and for our colleagues, who will help us assist Iceland’s growth plans across the country.”

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REWE Optimizes National Logistics Centre

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The national logistics centre in Neu-Isenburg is part of an extensive initiative by the REWE Group, which aims to ensure a faster, more efficient, and high-quality supply of goods for REWE store customers in the long term by optimizing the warehouse network.

As part of this initiative, the logistics centre is being equipped with innovative technology. In this regard, the food retailer has chosen to work with the WITRON Group to implement the fully automated OPM system. In the future, the logistics centre in Neu-Isenburg will supply 2200 stores with 16,700 different dry goods and pick more than 640,000 cases on a peak day.

“REWE and WITRON have delivered a masterpiece with the realization of the logistics centre in Henstedt-Ulzburg (Germany)”, stated REWE Logistics Manager Lars Siebel. “And we want to replicate this success in Neu-Isenburg.”

Brownfield project

As part of a comprehensive re-organization initiative, a semi-automated Case Picking System with aisle-bound picking cranes will be replaced by a fully automated Order Picking Machinery (OPM). The end-to-end integration of the new solution into the already existing material flow infrastructure takes place during ongoing operations.

From Q3/2027, 22 COM machines will stack 247,500 cases daily onto pallets and roll containers in a store-friendly and error-free manner. A tray warehouse including 167,900 storage locations and 48 stacker cranes is located upstream. Replenishment is sourced from an existing automated pallet warehouse with 65,500 storage locations, which will be expanded by two additional aisles, adding to a total of 9,500 storage locations.

More items, more throughput

“OPM’s key benefit for REWE is its ability to ergonomically store and pick over 100 percent more case picking items in the future, achieving a 20 percent higher total throughput at the site. While the previous solution encompassed 3,000 different items, OPM now encompasses 7,8000 items. The pick performance will increase to 247,500 picks per day”, explains WITRON Project Manager Markus Lang (pictured).

Markus Lang

“In addition, the OPM integration ensures efficient consolidation with piece picking orders from the WITRON DPS and OPS tote picking systems, as well as with large-volume items / bulky parts from the WITRON CPS system.” Both the DPS and CPS have been successfully in use in Neu-Isenburg since 2014. The OPS was put into operation in mid-2021.

Lifetime Partner

As a lifetime partner, WITRON is responsible for the design, implementation, and the on-site service of the extensive logistics expansion in Neu-Isenburg. All IT, PLC, and mechanical components are developed at WITRON’s headquarters in Parkstein. In addition to the material flow design, WITRON was also involved in the conception of the transition strategy, which outlines the seamless supply of the stores during the restructuring phase. WITRON also supported the selection of a reliable recycling partner who would take care of the professional dismantling and disposal of the logistics technology that would no longer be used in the future.

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Comau Enters Agreement to Acquire Automha

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Comau has signed a binding agreement for the acquisition of Automha, an Italian company operating in the warehousing and intralogistics automation industry, owned by Trasma. The closing of the transaction is subject to the satisfaction of customary conditions precedent in transactions of this type, including necessary regulatory approvals, and is expected to occur in the second quarter of 2025. Under the terms of the agreement Comau will acquire 100% of Automha shares, paving the way for new opportunities within the rapidly growing warehousing and logistics sector and establishing a further step toward the creation of a forward-focused Italian industrial automation hub able to innovate and compete in multiple markets.

To ensure business continuity, Automha will continue to operate with the same structure, management and strategic vision, keeping people, quality and innovation at its core. Franco Togni will retain his position as CEO while Gianni Togni and Roberta Togni, in addition to continuing in their current roles, will join the Comau Executive Committee to contribute to the ongoing development of both companies.

This binding agreement is coherent with the strategy behind the recent change in Comau’s shareholder structure – whose majority share is now held by One Equity Partners, an international private equity firm – which has allowed Comau to become a standalone company. With this acquisition Comau reconfirms and strengthens its Italian roots and operations, while enhancing its global offer and international presence. In parallel, Automha will be able to scale-up and further develop its business by leveraging an enhanced geographical footprint and in-house technology competencies. Furthermore, given that Comau and Automha are fully complementary, the relationship will strengthen the mutual portfolio of projects.

“Expanding our reach, know-how and technology portfolio through the acquisition of innovative companies such as Automha is a crucial step in Comau’s growth strategy, as defined when we became a stand-alone company and implemented immediately after the closing phase,” said Pietro Gorlier, CEO of Comau. “In addition to capitalizing on the strong growth potential of warehousing and intralogistics markets, the integration of Automha within Comau will allow us to leverage our combined expertise and resources, to accelerate innovation and growth across a wide range of global industrial sectors.”

“When we invested in Comau, we saw a clear path forward to help the company expand strategically and gain scale. M&A is a main driver for this, and we identified warehouse, logistics and handling automation systems as a significant opportunity for this business,” said Ante Kusurin, Partner at One Equity Partners. “The acquisition of Automha is a move toward diversification of Comau’s operations and further taps the company into industrial automation trends improving productivity across many industries. We are excited for the opportunity ahead of us as these two complementary companies join forces.”

“In Comau we have found a partner who shares our values of quality, innovation, and commitment to customer success,” added Franco Togni, Founder of Automha. “This new chapter represents not only a moment of growth for Automha but also a continuation of the journey that began in 1979. I look forward to the future that lies ahead, knowing that together with Comau, we will continue to build excellence, expand our global impact and to reach a proper size to keep a leading position in a market that is increasing competitiveness and project dimensions.”

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Adriatic Gate Welcomes MSC’s New HADRIA Service

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18th April 2025

Logistics BusinessAdriatic Gate Welcomes MSC’s New HADRIA Service

Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Rijeka in Croatia, welcomed the commencement of the new HADRIA service by Mediterranean Shipping Company (MSC) with the maiden call of the MSC ANNICK on 9 April.

MSC’s standalone service marks a significant development for North Adriatic trade connectivity, offering direct weekly connections to the Far East via Malta.

“With the breakup of the 2M Alliance, we are excited to welcome the new standalone MSC HADRIA service to AGCT,” said Emmanuel Papagiannakis, AGCT chief executive officer.

“We expect shippers to embrace the new service, as well as MSC’s global connectivity and continued commitment to Rijeka as a major gateway for the Balkans and Central Europe,” he added.

The HADRIA service makes regular weekly calls, strengthening AGCT’s network and enhancing options for regional shippers looking for reliable, efficient access to global markets.

With this new addition, AGCT continues to expand its portfolio of direct services, supporting the increasing demand for sustainable and cost-effective logistics solutions in the Adriatic region.

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Manhattan Named Google’s Logistics Partner of the Year

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Manhattan Associates Inc has received ​the 2025 ​Google Cloud Partner of the Year Award for Supply Chain and Logistics. This prestigious award highlights Manhattan’s role as a​n​ innovator within the Google Cloud ecosystem, its commitment to driving customer success, and its pioneering application of Agentic AI and Generative AI (GenAI) within the Manhattan Active® Suite over the past year.

“Google Cloud’s Partner Awards recognize partners who have created outsized value for customers through the delivery of innovative solutions and a high level of expertise,” said Kevin Ichhpurani, President, Global Partner Ecosystem, Google Cloud. “We’re proud to announce Manhattan Associates as a 2025 Google Cloud Partner Award winner and celebrate their impact enabling customer success over the past year.”

“We are honored to be recognized as Google Cloud’s 2025 ​Business Applications Partner of the Year Award for Supply Chain and Logistics​,” said Sanjeev Siotia, executive vice president and CTO, Manhattan Associates. “This award is a testament to the deep collaboration between Manhattan and Google Cloud, as we work together to bring cutting-edge cloud infrastructure, data analytics, Agentic AI and GenAI capabilities to our joint customers. We look forward to continuing this partnership and driving the future of resilient, AI-driven supply chains and omnichannel commerce.”

At the core of Manhattan’s AI-powered innovations is Manhattan Active® Assist; an intelligent, contextual GenAI assistant designed to transform how users interact with the Manhattan Active solutions. Included with all Manhattan Active subscriptions, Manhattan Assist provides a natural language summary of how applications are currently configured and gives instant, accurate responses to questions about product functionality, API structures and more, across multiple personas, roles, and functions.

Manhattan Active® Maven is the company’s Agentic AI offering – an AI powered agent infused with order, payment, store location, and product availability information to deliver personalized, contextual customer service, akin to those delivered by human agents. Built on an Agentic AI platform and Google Gemini​ models​, Manhattan Active Maven is easy to implement and embeds seamlessly with websites and mobile applications, deflecting customer service inquiries, while boosting customer satisfaction and loyalty.

“Manhattan Active Assist and Manhattan Active Maven showcase the real-world power of AI in supply chain and logistics, driving unprecedented levels of personalization, productivity, and cost-savings. Manhattan’s continued partnership with Google Cloud enables us to deliver scalable, resilient and innovative solutions that address the complex challenges of modern supply chain networks,” Siotia finished.

Recently, Manhattan and Google Cloud collaborated on the second edition of the Unified Commerce Benchmark—the industry’s only analysis of unified commerce in specialty retail based on real-world purchases, returns, and customer interactions across digital and physical channels.  The 2025 edition revealed the common attributes of the most successful retailers, tangible retail best practices, and key opportunities to enhance customer value through modernized operations.

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InPost Aquire Yodel Delivery Company

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European e-commerce logistics provider InPost has announced its acquisition of parcel delivery company Yodel, aiming to accelerate its expansion in the UK market.

InPost stated that the acquisition will unify out-of-home and doorstep delivery solutions under a single brand, enhancing its operational scale, broadening its service offering, and delivering greater convenience for both retailers and customers.

As part of the deal, InPost has acquired 95.5% of the share capital of Judge Logistics Ltd (JLL), the parent company of Yodel Delivery Network. PayPoint will retain a minority stake of 4.5%.

Following the transaction, InPost UK’s market share has grown to around 8%, positioning it as the third-largest agnostic e-commerce logistics carrier in the country. This move builds on InPost’s previous acquisition of Menzies Distribution in October 2024, which granted it full control over its logistics operations in the UK.

Rafał Brzoska, founder and CEO of InPost Group, described the deal as a major milestone in the company’s strategy to transform the UK delivery landscape and strengthen its pan-European presence. He noted that the acquisition accelerates what would have taken five years of organic growth and underlines the company’s long-term commitment to the UK, a market with significant growth potential.

Neil Kuschel, CEO of InPost UK, called the acquisition a transformative step for the company’s UK operations. He highlighted the integration of doorstep deliveries with InPost’s extensive locker network as a key advantage that will allow the company to offer increased reliability, flexibility, and efficiency to customers and e-commerce retailers. “By combining Yodel’s trusted to-door service with our market-leading out-of-home offering, we are creating a carrier that genuinely responds to how people want to send and receive parcels in today’s fast-paced, convenience-focused world,” Kuschel said.

With this acquisition, InPost aims to realize several strategic objectives. It anticipates rapid growth in the UK, delivering over 300 million parcels annually and serving more than 500 e-commerce merchants. The company’s market share has already reached approximately 8%, supported by 10,000 automated parcel machines and over 18,000 out-of-home delivery points.

The acquisition enables InPost to offer a unique and comprehensive service, combining next-day home delivery with a vast out-of-home network under one brand. It also diversifies InPost’s business both geographically and by customer segment, with the UK now contributing around 30% of the Group’s total revenue. From a financial standpoint, the deal is seen as a strategically sound investment, significantly boosting InPost’s presence and long-term growth in the UK market.

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Clark Celebrates Grand Opening of Global Headquarters

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Clark Material Handling, a pioneer and leader in the material handling industry, proudly announces the grand opening of its Global Headquarters in the Dallas Fort Worth Metroplex. This milestone marks the official return of Clark’s headquarters to the United States, solidifying the company’s status as an iconic American brand and positioning it for global growth in the decades to come.

Clark’s new headquarters in Flower Mound, Texas, a facility owned by Clark, is designed to foster collaboration and serve as a central hub for Clark’s continued innovations in forklift technology and material handling solutions. The 56,972 square foot building features a Product Showroom, Forklift Experience center, Clark History Hall, Dealer Sales & Service Training Classes, Warehousing & Distribution center, as well as the Global Administrative offices. This state-of-the-art facility is a testament to Clark’s enduring commitment to its customers, employees, and dealer network.

The location was strategically selected for its proximity to the Dallas/Fort Worth International Airport, providing convenient access for global partners. In March 2022, a temporary global office was established while plans for a permanent facility took shape. Following a yearlong construction process, the new headquarters officially opened in November 2024. The facility currently employs 36 associates, with plans to expand to 65 by the end of the year. Meanwhile, the U.S. factory in Lexington, Kentucky, will continue operations, supported by robust Research & Development, Engineering, Manufacturing, and Quality teams.

Clark Global HeadquartersClark Global Headquarters

“This grand opening is not just the culmination of years of planning and hard work; it is the beginning of a new era for Clark. By returning our headquarters to the United States, we honor our legacy while confidently building the future of the material handling industry,“ says Chuck Moratz, President & CEO of Clark Global and Clark Material Handling Company.

“Bringing Clark’s global headquarters to the United States reaffirms our commitment to delivering exceptional products and services. This move strengthens our foundation as a global leader and ensures we remain close to the customers and markets that drive our success,” explains Seung Soo Baik, Chairman of Clark Global Headquarters. “We celebrate not just a building but a bold vision for Clark’s future. This headquarters exemplifies our mission to innovate and lead while staying rooted in the values that have made us a trusted name for over a century.”

Clark Material Handling invited partners, dealers and the community to celebrate this momentous occasion as the company embarks on an exciting new chapter from its Dallas headquarters. The Honorary Chairman of YoungAn, Sung Hak Baik, was also in attendance to offer his congratulations.

“Since 2003, I envisioned a future where we would one day return our global headquarters to America, the birthplace of the forklift. This new facility is the realization of that vision – a commitment to our heritage, our people, and our continued growth. I am proud to see CLARK take this significant step forward, strengthening our ability to serve customers worldwide while honoring our legacy of innovation and excellence.” says Sung Hak Baik, Honorary Chairman of YoungAn.

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BOC Procure Articulated Flatbed Trailer Fleet

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BOC, the UK & Ireland’s largest provider of industrial, medical and specialist gases, began procuring specialist articulated flatbed trailers and rigid bodywork solutions from Tiger Trailers in 2023, and the 59 vehicles supplied by the Cheshire manufacturer in Q1 2025 take the running total to 135. Comprising 29 trailers and 30 rigid solutions, they signal an ever-strengthening and growing relationship.

Lorraine Purvis, BOC Head of Deliver – Cylinder Transport PGP, says: “The Tiger team have worked hard to deliver the needs of our business to a very high quality. The transport team are looking forward to integrating these vehicles into our fleet. I would like to thank them for their attention to detail and continued support they show us as a business. Also, a big thanks to Mark Beal our Fleet engineer who has worked tirelessly with Tiger to seek improvements on our fleet.”

Tiger’s flatbed trailers for the gas cylinder division of BOC’s fleet are designed for each transporting up to twenty-six BOC pintle pallets, secured in three rows of fifteen bottles, with a central aisle featuring a portable safety gate that closes off the load when part-laden. When not in use the gate is stowed within the front headboard. Following driver feedback from Schenk (formerly Suttons Tankers), various operational improvements have been implemented to the constantly expanding fleet.

The rear of the chassis is designed to provide an access ladder up to the central aisle, various components from the pintle blades to the grab handles are finished in yellow for safety, and a fire extinguisher and a tube document holder are fitted to each trailer to comply with ADR & IMDG regulations.

Ignacio Torres-Manzi, Tiger Trailers’ Technical Sales Manager, comments: “It is a great privilege for us to work with another fantastic customer and continue building upon the working relationship. A huge thanks to the wider BOC team for the continued efforts, with a particular shout-out to Mark Beal for all his expertise offered into the process. We look forward to the continuation of Tiger being a key partner to BOC for hopefully many years to come!”.

These new pintle trailers will be operating within the customer’s cylinder trunking network across the UK, Ireland, as well as into Europe, feeding the supply chain with full and made-up loads for onward distribution to its end customers. The trailers are operated by Schenk UK on behalf of BOC.

The latest order of rigid bodywork solutions from Tiger for BOC are built on DAF XB 18-tonne chassis from the Ford & Slater DAF dealership in Leeds. Designed for transporting eight pallets for easy delivery to a wide range of customers, the bodies are framed by galvanised plates on all four sides, with a pressed steel fabricated and galvanised walkway down the middle, and a large stowaway cylinder trolley fitted to the offside rear, completed with a kerb ramp. A downrated 1-tonne Dhollandia DHVOG.15. K1 1000.800 tail lift is incorporated at the back.

Other specification details of BOC’s latest Tiger rigid bodies include a small medical cylinder holder, a toolbox, cellar rope, full-enclosure wraparound safety gates, and solar platform lights to fully encompass the comprehensive BOC specification.

The new rigids will join a 100% fleet of DAF trucks and undertake the network distribution from 35 UK sites stretching from Inverness to Plymouth and Port Talbot to Thetford.

Part of the Linde Group, BOC’s fleet size is 650 vehicles from light vans, rigids from 14t to 32t, plus tractor units operating at 44 tonnes. The BOC trailer fleet, which includes tankers as well as the specialised pintle trailers consists of 320 vehicles across the UK & Ireland. The gases delivered cover every aspect of industry, from manufacturing and science to aviation and healthcare.

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DSV announces changes to its executive management

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After obtaining all regulatory clearances for DSV’s acquisition of Schenker, DSV announces the first executive leadership appointments to maintain momentum and further strengthen the commercial approach and integration efforts.

DSV adds new members to its Group Executive Committee and renames the Solutions Division to Contract Logistics. The changes will become effective after completion of the acquisition which is expected on 30 April.

While DSV’s Executive Board remains unchanged, several new members will be welcomed to the Group Executive Committee:

Helmut Schweighofer will become the new CEO of the Road Division. Schweighofer currently holds a position as CEO of Schenker’s Region Europe with 40,000 employees and a leading role within road freight; a role he has held since 2018. He succeeds Søren Schmidt, who has decided to continue his career outside DSV after three decades of dedicated service.

Vishal Sharma, currently CEO of Schenker’s Region Asia Pacific, will become the new Group CCO. Sharma brings more than 30 years of industry and global executive leadership experience to this role.He replaces Morten Landry, who will continue in DSV as CCO of DSV’s largest division, Air & Sea, from Q1 2026. Until then, Landry will remain part of DSV’s Group Commercial executive team to ensure a smooth transition.

Saskia Blochberger will join the DSV Group Executive Committee as Group Chief People Officer (CPO). Blochberger joins from her position as CPO in Schenker’s Region Europe and brings significant P&O and business strategy experience from a variety of leadership roles. After a long-standing tenure with DSV, Helle Bach, current Head of Group HR, has decided to step down and pursue new opportunities outside DSV.


Jens H. Lund, Group CEO of DSV said “I am very pleased with the strong executive team we will have in place for the next important stage in our journey as the global leader in transport and logistics. A warm welcome to Helmut Schweighofer, Vishal Sharma and Saskia Blochberger, who join our Group Executive Committee from Schenker. They all bring extensive experience and excellent leadership capabilities to drive our business forward. At the same time, I wish to thank Søren Schmidt and Helle Bach for their dedicated and long-standing contributions to DSV. And I am glad that Morten Landry will continue to drive the commercial efforts in our Air & Sea Division.”

With the acquisition of Schenker, DSV is doubling its size, creating a transport and logistics powerhouse. Based on the financials for the full-year 2024, the combined company had a pro forma revenue of approximately DKK 310 billion (£35.6 billion) and close to 160,000 employees. DSV aims to use its strengthened market position to continue to grow through enhanced service offerings and economies of scale, achieving industry-leading margins.

Completion of the transaction is expected on 30 April 2025, when DSV will also present its interim results for the first quarter of 2025 and announce further details and preliminary financial information related to the acquisition of Schenker.

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