10 June 2025
Greek logistics remained a hotbed for capital deployment in Q4 2024, with over €2 billion of public and private investments expected in the coming quarters for the development of new hubs across Athens, Thessaloniki and other strategic regions. Flagship greenfield projects, Thriasio and Gonos logistics parks alone, command expected investments exceeding €460 million, underscoring the sector’s growth trajectory.
Innovation continued apace, as domestic and international operators lean into advanced technologies to sharpen operational efficiency. Logistics firms are scaling up AI and big-data analytics for demand forecasting, inventory optimisation and transport planning, while the Port of Piraeus has secured Huawei’s European logistics hub and attracted a US DFC funding agreement in October 2024 to bolster blockchain, autonomous vehicle and drone initiatives.
However, chronic labour shortages persist as a drag on capacity, with more than half of European transport and warehousing companies reporting unfilled positions in Q4. This talent crunch weighed particularly heavily on traditional logistics providers, contributing to their underperformance relative to parcel and trucking peers during the quarter.
On the public markets, the S&P Transportation Select Industry Index delivered a Q4 2024 return of 6.3%, outpacing both the broader S&P 500 and the European Transportation Index (Euro STOXX) and reflecting robust freight demand and renewed investor confidence.
Valuation multiples in the quarter continued to trade close to their year-long norms amid cost and staffing headwinds.
M&A activity rebounded in Q4 2024, reversing an early-year lull as financing conditions eased. Deal volume rose quarter-on-quarter, with strategic acquirers accounting for 88% of transactions as industry incumbents pursued consolidation in trucking and 3PL to bolster network density and market positioning.