03 June 2026
The Greek transportation and logistics sector navigated a challenging environment in Q1 2026, as geopolitical tensions around the Strait of Hormuz raised concerns over supply chain stability and pushed transport costs higher.
Greek logistics companies continued to invest heavily in warehousing and distribution infrastructure, with approximately 800,000m² of new high-spec storage space currently under development, with delivery expected over the next two years. While demand for modern facilities still exceeds supply, the market is gradually moving toward equilibrium as previously accumulated backlog demand has largely been absorbed.
Operational pressures, including staff shortages, ageing vehicle fleets and gaps in critical software systems, accelerated the adoption of digital solutions across the sector, with companies prioritising transport and warehouse management systems, digitised information flows and data analytics to improve efficiency and enhance client value.
On the public markets, the Global Freight & Logistics index outperformed both the US large-cap and Euro Stoxx 600 indices in Q1 2026. At the sub-sector level, trucking was the strongest performer over both the quarter and the last twelve months, supported by rebounding spot rates and tightening capacity, while last mile delivered solid growth driven by rising e-commerce volumes and active M&A in out-of-home delivery networks.
Valuation multiples expanded across all logistics sub-sectors in Q1 2026, with each trading above its twelve-month average. Freight forwarding recorded the largest increase, as the Iran conflict triggered a sharp re-rating in ocean and air freight rates.
M&A activity in European transportation and logistics dropped significantly versus Q1 2025, reflecting continued investor caution amid macroeconomic uncertainty and geopolitical tensions. Looking ahead, regulatory pressures around driver shortages, decarbonisation and infrastructure bottlenecks are expected to favour companies with scale and differentiated capabilities, supporting further market consolidation.