b'NOVEMBER 2024BREAKBULK QUARTERLY 43GEODIS project work compliments other business sectorsInaninterviewLukeMace,SeniorVice President Global Freight Forwarding/Proj-ectLogisticsforGEODIS,outlinesthe business of project logistics and how it fits within the GEODIS corporate ecosystem.By George Lauriat, AJOTAJOT:Fromanorganiza- outside Geodis to address proj-tionalperspective,Geodishasect demands? Does the Project ProjectLogisticsoperationsline run its own P&L within the working under the Freight For- Geodis operational structure?wardinglineofbusiness.WhatLukeMace:WithintheWallenius Wilhelmsen group operates around 125 vessels servicing 15 trade routes to six continents.are the advantages of this orga- Freight Forwarding Line of Busi-nizational arrangement i.e. Howness,ProjectLogisticsoperates doesthisorganizationalsystemalongside Ocean, Air, Customs &Wallenius Wilhelmsen to end 2024 on a highenableProjectLogisticstoForeign Trade, and Supply Chain pullinandscaleresourcestoManagement(4PL).WhileweBy Luke King, AJOTboth Geodis lines of business andmaintainourownindependent profit and loss (P&L) statement,Ro/ro shipping company Wallenius WilhelmsenWalleniusWilhelmsensaid,addingthatitwas ourstrengthliesincollabora- expects to end 2024 with profitability higher than lastconfident that EBITDA for full year 2024 would tion. By partnering with the otheryear, as it reports strong demand for all its services. beat that of 2023.freight forwarding products, weWe are proud to announce the second stron- Renewalsforcontractsexpiringin2024 ensure that our collective knowl- gest quarter on record with adjusted EBITDA ofareprogressingwell,asevidencedbythelatest edge and expertise are fully lev- $503m,saidLasseKristoffersen,presidentandannouncement of a five-year contract in the high eraged across the entire Line ofCEO at Wallenius Wilhelmsen, revealing Q3 2024and heavy segment, added Kristoffersen, Business. results at the end of October. We see strong and increased demand in areas For instance, we work closelyAll business units are performing well, andincludingshipping,logistics,integratedsupply with our ocean and air teams tothe activity level is high across the organization,chain, digital and reduced emissions services. capitalize on the global volumeshe said. Year-to-date, all segments have deliveredAs referenced by Kristoffersen, Wallenius Wil-in General Cargo. This teamworkbetter than in 2023. helmsen recently announced that it has entered into notonlyenhancesoperationalA short-term weakening of sales of auto anda five-year agreement with a leading agriculture, (COMPLIMENTScontinuedheavy equipment globally was attributed to a tem- forestry and roadbuilding equipment manufacturer.Luke Mace on page 46) porarysoftening,ratherthanastructuralshift,(HIGHcontinued on page 46)'