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Dachser grows through acquisitions

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Group revenue increased by 13 percent in 2024.  Record investments totaling around EUR 490 million. Almost EUR 400 million in additional investments planned for 2025.Contract logistics grew by almost 720,000 additional pallet spaces.

HONG KONG, April 7, 2025 /PRNewswire/ — Global logistics provider Dachser grew significantly in 2024, with sales growth of 13 percent lifting revenue above the 8 billion mark to EUR 8.027 billion. The family-owned company also recorded significant year-over-year increases in other key figures such as headcount (+3,300), locations (+56), and pallet spaces in its warehouses (+720,000).

This growth is largely due to the acquisitions of DACHSER & FERCAM Italia, Frigoscandia, and Brummer, which will appear on the balance sheet for the first time in 2024. In purely organic terms, i.e., excluding acquisitions, Dachser grew by 4.7 percent compared to the previous year. This was driven by resilience in its European groupage network and rate increases in air and sea freight. Transported volumes rose by 7.6 percent to approximately 83.2 million shipments, while tonnage increased by 10.2 percent to some 44.1 million.

Business development would have been more dynamic, but there was a lack of growth impetus from Germany and Europe: “High costs, weak industrial production, and a decline in personal consumption have also had an impact on our business. Moreover, the many crises we face around the world today have been a constant stress test for our customers, and hence also for us,” says Burkhard Eling, Dachser CEO.

Investing during the crisis strengthens competitiveness

Dachser used its financial stability and strength to make significant investments. In 2024, the logistics provider doubled its year-over-year expenditure on company acquisitions, network locations, its workforce, digital innovation, and climate action, such as the expansion of e-mobility, to some EUR 490 million. Additional investments of almost EUR 400 million in Dachser’s network are planned for 2025. “Those who act during a downturn to invest wisely and consistently will enter the next upturn with the wind in their sails,” Eling says. “In the past, we’ve emerged stronger and more competitive from crises by following this countercyclical business policy. That will happen again this time around.”

Dachser’s workforce grew in 2024 by more than 3,300 people to a total of approximately 37,300. The number of locations increased by 56 to 433 worldwide. This also reflects the previous year’s acquisitions in Italy, Northern Europe, Germany, and Austria. The joint venture in Japan, which was launched in 2024, has also been included for the first time.

Business development in detail

Dachser’s Road Logistics business field—which comprises the transport and warehousing of industrial and consumer goods (European Logistics) and food (Food Logistics)—increased its revenue by 10.9 percent to EUR 6.4 billion in 2024.

The European Logistics business line increased its revenue by 8.1 percent to around EUR 4.8 billion. The number of shipments handled rose by 6.5 percent and tonnage by 2.8 percent. Developments at Dachser’s European business units were driven by high cost pressure in key industries, growing price sensitivity among customers, and intensified competition due to weak demand for transport and warehousing. “The fact that we were able to grow not only through acquisitions, but also organically in a stagnating market, illustrates the trust our customers place in the high reliability and quality of our network,” Eling says.

The Food Logistics business line has taken on a new European dimension thanks to the integration of Müller in 2023 and of Frigoscandia and Brummer in 2024. Revenue increased by exactly 20 percent to some EUR 1.7 billion, shipments grew by 14.3 percent to approximately 12.4 million, and tonnage rose by 31.5 percent to some 13.9 million metric tons. Eling says: “We’ve acquired companies that have successfully opened up business areas beyond fresh food logistics, that address additional customer segments and markets in Europe, and not least that have significant truck fleets of their own. All of this is part of our new strategic market positioning for Dachser Food Logistics.”

Revenue in the Air & Sea Logistics business field rose by exactly 22 percent to around EUR 1.6 billion in 2024. Here, Dachser benefited mainly from short-term special developments that caused freight rates in air and sea freight to rise. These include the crisis with capacity bottlenecks on the Red Sea and the e-commerce business between China and Europe.

Contract logistics, or the combination of transport, warehousing, and customer-specific value-added services, also played an important role in Dachser’s growth strategy in 2024. Expansion investments together with the capacity of the acquired companies increased the number of pallet spaces by around 720,000 to a total of 3.8 million. Dachser customers can now take advantage of warehouse services at 190 locations worldwide.

Eling expects 2025 to be another highly challenging year for logistics, with only limited growth stimulus from Europe. “We can see that economic performance in Europe is largely stagnating and is accompanied by capacity adjustments, some of them painful. This also means that we have to deal with transformation processes in key industries such as the automotive industry and energy-intensive sectors such as the chemical industry.” Moreover, there are increases in global uncertainties and the danger of economic slumps due to protectionism, the threat of tariffs and counter-tariffs, as well as geopolitical conflicts.

Against this backdrop, it’s important for Dachser to achieve growth outside Europe. “We will increasingly focus our attention on strengthening our presence in the Americas and Asia and connecting these markets with our unique competitive advantage: our European groupage network. Because the broader our global footprint, the greater our resilience,” Eling says.

Overview of revenue:

Net revenue in EUR million

2024
(provisional)

2023

Change in 2024
vs. 2023

Road Logistics

6,440

5,806

+10.9 %

European Logistics

4,785

4,426

+8.1 %

Food Logistics

1,655

1,380

+20.0 %

Air & Sea Logistics

1,587

1,300

+22.0 %

Group

8,027

7,106

+13.0 %

Further press releases from Dachser can be found here: https://www.dachser.com/en/mediaroom/index

In the DACHSER magazine, you will regularly find up-to-date reports, articles, and interviews on topics that concern us today and tomorrow: magazine.dachser.com

About Dachser

Dachser, a family-owned company headquartered in Kempten, Germany, provides transport logistics, warehousing, and customized services in two business fields: Dachser Air & Sea Logistics and Dachser Road Logistics. The latter consists of two business lines: Dachser European Logistics and Dachser Food Logistics. Comprehensive contract logistics services and industry-specific solutions round out the company’s range. A seamless shipping network—both in Europe and overseas—and fully integrated IT systems ensure intelligent logistics solutions worldwide.

Thanks to some 37,300 employees at 433 locations all over the globe, Dachser generated consolidated net revenue of approximately EUR 8 billion in 2024. The same year, the logistics provider handled a total of 83.2 million shipments with a tonnage of 44.1 million metric tons. Country organizations represent Dachser in 43 countries. For more information about Dachser, please visit dachser.com

In the DACHSER magazine, you will regularly find up-to-date reports, articles, and interviews on topics that concern us today and tomorrow: magazine.dachser.com

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Bybit and St. Paul American Scholars School Furthers Partnership Commitment in Bybit’s HQ Visit

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DUBAI, UAE, May 3, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, extended a warm welcome to an international delegation from the St. Paul American Scholars (SPAS), a top international school in Korea on Monday. The visit is part of a joint initiative between Bybit and SPAS dedicated to fostering the next generation of blockchain innovators through a series of academic and educational programs.

Ryan Kim, Head of SPAS, and Jinny Kim, Director of SPAS, were greeted by Helen Liu, COO of Bybit at the Bybit headquarters in Dubai. The official visit underscores the institutions’ shared commitment to building the partnership from the ground up, and creating a knowledge base to prepare SPAS students for the future of technology and the blockchain-enabled economy.

In the academic year of 2025/26, Bybit has committed a $100,000 scholarship to 300 SPAS students of St. Paul American Scholars (SPAS). The broader theme of the collaboration centers on collective learning and community sharing, which aligns with SPAS’s philosophy of building a closely knitted community for educators, parents, and students. Bybit will organize interactive educational sessions on campus to fill the knowledge gap between the demands for future-ready skills and traditional academic resources.

The fast moving blockchain landscape is central to a changing world. Parents and students today are increasingly aware of the possibilities and potential challenges of the dawning on-chain economy. The new dynamics will require creators and contributors to be equipped with understanding of blockchain technologies, to develop their passion, and to project their creativity onto positive causes. Through workshops and interactive events, the Bybit and SPAS initiative stands to leave a profound impact on blockchain education for international students in SPAS. 

SPAS representatives boarded the crypto express to the world of digital assets at the Bybit headquarters, sharing unique perspectives as educators and first-hand insights from Liu at the frontier of the digital economy.

“We are proud to welcome the SPAS family to Bybit’s headquarters, and we hope this will become the starting point of SPAS students’ blockchain journey. The value of blockchain education is not only giving students a headstart in understanding the digital economy, but also to inspire them to think about changing the world for the better with a powerful technology that will one day be entirely at their disposal,” said Helen Liu, COO of Bybit.

“It is a great honor for Saint Paul International School to establish a meaningful partnership with Bybit, a global leader in blockchain technology. This visit to Bybit’s headquarters in Dubai was more than just a meeting; it was a precious opportunity to build a foundation of deep mutual trust,” said Ryan Kim, Head of SPAS. “Bybit’s warm-hearted commitment to providing scholarships for Saint Paul International School students and planning continuous social contribution programs deeply moved us all. We firmly believe that, with its sincere vision and values, Bybit will continue to shine as a world-leading company,” he said.

The SPAS delegation toured the Bybit Crypto Ark Experience Store, a new venue at Bybit’s Dubai headquarters that showcases blockchain innovation and provides an open space for crypto collaborations. Since opening, the store has attracted hundreds of visitors, entrepreneurs, and crypto enthusiasts contributing to the regional ecosystem.

Established in 2015, SPAS operates four campuses across Korea’s major metropolitan areas and is recognized as a leading American educational institution with full accreditation from multiple organizations. SPAS also offers international exchange programs through partnerships with schools in New York, Canada, and the UK, providing students with opportunities to experience diverse cultures and global perspectives.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Google Cloud AI Helps Formula E in Groundbreaking ‘Mountain Recharge’ Energy Feat

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GENBETA car completes Monaco E-Prix lap powered solely by regenerative braking after AI-planned mountain descent; the feat was filmed and produced by Red Bull Media House

MONTE CARLO, Monaco and LONDON, May 3, 2025 /PRNewswire/ — In a daring demonstration enabled by Google Cloud’s AI capabilities, Formula E successfully charged its GENBETA prototype race car using only regenerative braking during a 1,000-vertical-meter mountain descent – generating enough energy to complete a full lap of the iconic Circuit de Monaco. Leveraging the Gemini API via Google AI Studio, Formula E planned the optimal “Mountain Recharge” route down a French alpine pass, analyzing data in real time to maximize energy recuperation.

The groundbreaking “Mountain Recharge” project, undertaken in collaboration with Google Cloud, Formula E’s Official Cloud Technology Services Partner and Official Cloud Security Partner, highlights the significant energy efficiency of Formula E vehicles. During races, the competing cars must regenerate approximately 40% of their required energy through braking. 

The challenge involved the GENBETA car descending the Col de Braus mountain road in “free-wheel mode”, starting with only minimal energy for system power-up. Driven by Formula E Test Driver James Rossiter, the car successfully generated the 1.6 to 2.0 kWh needed for the 3.337 km Monaco lap solely through gravity and optimized braking – equivalent to fully charging nearly 60 Google Pixel 9 Pro XL devices. The feat was filmed and produced by Red Bull Media House.

To determine the feasibility and plan the execution of the “Mountain Recharge” Formula E utilized several Google Cloud technologies:

Google AI Studio: The Gemini API via Google AI Studio was used to analyze the complex variables of the descent. The AI model helped identify and analyze optimal braking zones, calculate the impact of speed-to-weight ratios and gravitational forces, and refine driving angles to maximize energy regeneration.BigQuery: Google Cloud’s unified, serverless data to AI platform collected, stored, and analyzed real-time telemetry data transmitted from the car during the descent, providing crucial insights for verification and analysis.Firebase: Google Cloud’s application development platform, Firebase was used to rapidly build and host the intuitive dashboard application that allowed race engineers to visualize real-time car telemetry data from BigQuery on their Chromebooks and Pixel devices.NotebookLM: Google’s AI-powered research and writing assistant, NotebookLM, was used throughout the project lifecycle to consolidate technical specifications, logistical plans, and engineering data, streamlining collaboration between Formula E and Google Cloud teams.

Alex Aidan, VP Marketing, Formula E said: 

“This isn’t just another attention grabbing racing story – it’s a case study in how high-efficiency regeneration and cloud-based AI can revolutionise how we think about mobility, energy optimisation and sustainability. The challenge we faced illustrates the kind of real-world problems Google Cloud’s technology and that of our wider partner group can solve – whether it’s regenerative braking for road cars, dynamic route planning for delivery fleets, or efficient energy management in smart cities. It’s about developing technology that is designed to handle everyday circumstances and engineered to outrun. 

“At Formula E and with the GENBETA project, we’re all about pushing the boundaries of what’s possible and doing things others have never dreamed of. The way our partnership with Google Cloud has rapidly evolved and our longstanding relationship with ABB not only shows the potential for technology to transform racing, but how global brands are bringing their narratives and products to life through impactful collaboration.

Guillaume Roques, Senior Director, EMEA Marketing, Google Cloud said: “Google Cloud thrives on helping partners solve unique challenges with data and AI, and the ‘Mountain Recharge’ project is a fantastic demonstration of how AI can tackle complex, real-world challenges. Using our technologies, we were able to model the intricate physics of the descent and precisely calculate the regeneration potential. This isn’t just about race cars; it’s about how our AI capabilities can help any organization optimize for efficiency and sustainability by turning data into actionable insights.”

For more information you can watch the video here and read more in our blog post here

Supporting Partners:
The GENBETA project and the ‘Mountain Recharge’ were also supported by GENBETA partners ABB, Hankook and SABIC.

About Formula E and the ABB FIA Formula E World Championship: 

As the world’s first all-electric FIA World Championship and the only sport certified net zero carbon since inception, the ABB FIA Formula E World Championship brings dramatic racing to the heart of some of the world’s most iconic cities providing an elite motorsport platform for the world’s leading automotive manufacturers to accelerate electric vehicle innovation. 

The Formula E network of teams, manufacturers, partners, broadcasters, and host cities are united by a passion for the sport and belief in its potential to accelerate sustainable human progress and create a better future for people and planet. 

www.FIAFormulaE.com 

About ABB: 

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and more than 105,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com 

About Google Cloud

Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

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Poets&Quants™ Names Best & Brightest MBAs of 2025

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Annual feature celebrates graduating business students for achievement and influence

SAN FRANCISCO, May 3, 2025 /PRNewswire/ — Poets&Quants, the leading news source for graduate business education, has released its 11th annual Best & Brightest MBAs feature, which honors 100 of the most accomplished full-time MBAs from the Class of 2025.

“This year’s class could be described as more female and more international, with a stronger military presence,” says Jeff Schmitt, Poets&Quants’ senior writer, who launched the series in 2015. “What really distinguished Best & Brightest students this year was that they built things. They launched ventures early in their careers or started clubs or events at their business schools. They weren’t trying to maintain what already existed or follow the usual paths. They were creating something new – and they provided others with enrichment and opportunities as a result.”

This 2025 class features MBA graduates including Wharton School’s Simi Shah, a successful entrepreneur who has been invited to the White House twice and made the 2025 Forbes “30 Under 30” in Media. Mark O’Connell, a graduate of the University of Michigan’s Ross School, helped re-write the U.S. Maines combat training curriculum – and Ohio State’s Kyle Schembechler did the same for the U.S. Field Artillery School. At the University of Virginia’s Darden School, Amanda Golden has transitioned from covering the 2020 presidential election for NBC News to becoming a venture capitalist. By the same token, Evan Rizvi made the leap from opera singer to strategist at Boston University’s Questrom School.

To compile this year’s Best & Brightest MBAs, Poets&Quants reached out to 82 top graduate business schools worldwide to nominate their best candidates for the honor. Responses were judged by P&Q editorial according to four criteria: extracurricular involvement, academic and professional achievements, insightful responses, and faculty recommendations. Ultimately, P&Q received 220 nominations, including submissions from elite institutions ranging from INSEAD to the University of Chicago’s Booth School. By gender, Best & Brightest women outnumber men by a 60-to-40 margin, with 54 students hailing from outside the United States. The Boston Consulting Group also hired 8 Best & Brightest MBAs from the Class of 2025, the most of any employer.

As part of this feature, each MBA receives an in-depth profile, which covers subjects ranging from their proudest achievement to their favorite business movie. Over the coming months, Best & Brightest will also spotlight the best student responses related topics like their favorite faculty members, biggest school myths, and most interesting school traditions. 

The “Best & Brightest MBAs” is the second of a four-part series recognizing the world’s top business students. In April, Poets&Quants For Undergrads unveiled its 100 Best & Brightest Undergraduate Business Majors of 2025. This summer, Poets&Quants will also recognize its “Best & Brightest Executive MBAs” and “Best & Brightest Online MBAs.” In the fall, P&Q will continue its “Meet the Class” series that highlights the top incoming full-time MBA students at over 40 top business schools.

To read about the “100 Best & Brightest MBAs: Class of 2025”, CLICK HERE.

Poets&Quants, a part of Times Higher Education, is the leading resource for complete coverage of graduate business education. We feature multiple tools and authoritative content, including consolidated business school rankings, news and in-depth features, videos, podcasts, searchable directories, and events, empowering our community with information needed to make decisions along their journey from pre- to post-MBA.

Media Contact: Sat Sharma
Chief Revenue Officer
Poets & Quants
(917) 763-4088

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

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