Log-In Logística Integrada ended the second quarter of 2026 with net operating revenue of R$777.1 million, up 5.1% from the same period in 2025. Adjusted EBITDA totaled R$113.9 million, with a margin of 14.7%.
The quarter brought operational milestones in the company’s two main business lines. The Vila Velha Port Terminal, or TVV, posted the highest EBITDA in its history and handled its largest container volume on record, while also starting operations at the Penedo back area in May.
In coastal shipping, Log-In’s cabotage business carried its highest volume ever for a second quarter and grew faster than the market, while also recording a significant improvement in service levels. Tecmar Transporte & Logística continued to advance its turnaround plan and increased road-cabotage volumes, bringing its trucking operation closer to the company’s shipping network.
According to Log-In CEO Marcus Voloch, the quarter confirmed the direction set for the group’s assets.
“Cabotage and TVV are two fronts that account for a large share of our cash-generation capacity and evolved at the same time. The results for the period reflect the consistency of the company’s integrated growth strategy, focused on operational excellence,” he said.
Coastal shipping and integrated solutions
Log-In’s coastal shipping business ended the quarter with net operating revenue of R$500.8 million, in line with the second quarter of 2025, and adjusted EBITDA of R$86.4 million, with a margin of 17.3%.
Total volume transported reached 193,400 TEUs, up 6.6%, driven by cabotage and Mercosur services.
In cabotage, the company posted its highest volume and revenue ever for a second quarter. According to Brazil’s cabotage shipowners association ABAC, the market grew 4.2% during the period, supported by enforcement of Brazil’s minimum road-freight rate table by transport regulator ANTT, which increased the competitiveness of coastal shipping.
Log-In grew above that average, reflecting a commercial push to expand its customer base. In Mercosur, volume growth followed the increase in Argentine exports.
The business line also improved in customer perception, with its Net Promoter Score reaching the “quality zone” during the quarter.
On the integration front, growth in road-cabotage volumes strengthened the connection between Tecmar and Log-In’s coastal shipping operations, with more less-than-truckload cargo using the maritime leg instead of road transport.
For Voloch, cabotage’s progress is directly tied to the level of service offered in the segment.
“Growing above the market while improving NPS shows that the volume gain came from operational quality, which customers recognize and value. Moving cargo to cabotage requires predictability, and that is what we are delivering,” he said.
Vila Velha Port Terminal
TVV recorded its highest second-quarter net operating revenue and EBITDA in history, reaching R$134.3 million and R$70.0 million, respectively. The figures were up 35.5% and 70.5% year on year.
The EBITDA margin reached 52.1%, up 10.7 percentage points from the second quarter of 2025.
Container handling totaled 65,500 boxes, an 8.1% increase and the highest volume ever recorded by the terminal.
Exports were driven by coffee and granite slabs, as shipments recovered after a challenging second quarter in 2025. On the import side, volume reached a record 26,900 boxes, supported by electric vehicle movements in flat rack containers.
In general cargo, the terminal handled 415,100 metric tons in the first half, up 40% from the first six months of 2025. Demand for electric vehicles also increased Ro-Ro vessel activity.
In May, TVV began operating the Penedo back area, which added 65,154 square meters to the terminal, increasing its total area by 60%. The new space now supports import and export demand for containers, granite, steel products and fertilizers.
According to Log-In Terminals Director Gustavo Paixão, storage and ancillary service revenue already reflected the new structure during the quarter.
“The Penedo back area began operating in May and already contributed to the quarter’s results through higher storage revenue. We gained 60% more area at a terminal that had been operating with high occupancy, which allows us to receive more cargo and handle different product profiles. The container handling record in the same period shows that demand was already there, waiting for this capacity,” he said.
Road freight transport
The second quarter marked continued progress in Tecmar Transporte & Logística’s turnaround process, with revisions to its organizational structure, improvements in performance indicators and the selection of contracts with higher return potential.
The business line ended the period with net operating revenue of R$142.0 million, up 4.3% from the second quarter of 2025.
Growth was driven mainly by less-than-truckload cargo, Tecmar’s specialty, supported by a more profitable cargo mix, and by Tecmar Norte, which increased revenue from warehousing services for import cargo in northern Brazil.
Road-cabotage volume also advanced during the quarter, with scale gains in short-distance intermodal operations feeding cabotage services in door-to-door logistics.
Tecmar Executive Director Clóvis Severino said the company remains in an adjustment phase focused on integration with the group’s other assets.
“The restructuring plan remains underway and includes reviewing the contract portfolio, adjusting the management structure and expanding integration with cabotage. Revenue growth and the increase in road-cabotage volumes indicate that the path toward turning Tecmar into a multimodal operator is working,” he said.
ESG agenda
Log-In also advanced on three ESG fronts during the quarter.
The company completed assurance of its 2025 greenhouse gas emissions inventory and received the Gold Seal from the Brazilian GHG Protocol Program, a classification granted to inventories that are complete and verified by a third party.
Log-In also obtained the EcoVadis Bronze Medal, an international assessment that reviews environmental, labor, ethics and sustainable procurement practices.
According to Pascoal Gomes, Log-In’s chief financial and investor relations officer, the recognition reflects measurement work that began in previous years.
“The GHG Protocol Gold Seal, the highest level awarded to companies that fully inventory their emissions and have their data verified by a third party, and the EcoVadis Bronze Medal, one of the leading global assessments of corporate sustainability performance, are indicators of Log-In’s efforts on this agenda and reaffirm the company’s commitment to responsible management and sustainable value creation,” he said.
Source: Log-In Logística Integrada
Log-In Logística Integrada ended the second quarter of 2026 with net operating revenue of R$777.1 million, up 5.1% from the same period in 2025. Adjusted EBITDA totaled R$113.9 million, with a margin of 14.7%.
The quarter brought operational milestones in the company’s two main business lines. The Vila Velha Port Terminal, or TVV, posted the highest EBITDA in its history and handled its largest container volume on record, while also starting operations at the Penedo back area in May.
In coastal shipping, Log-In’s cabotage business carried its highest volume ever for a second quarter and grew faster than the market, while also recording a significant improvement in service levels. Tecmar Transporte & Logística continued to advance its turnaround plan and increased road-cabotage volumes, bringing its trucking operation closer to the company’s shipping network.
According to Log-In CEO Marcus Voloch, the quarter confirmed the direction set for the group’s assets.
“Cabotage and TVV are two fronts that account for a large share of our cash-generation capacity and evolved at the same time. The results for the period reflect the consistency of the company’s integrated growth strategy, focused on operational excellence,” he said.
Coastal shipping and integrated solutions
Log-In’s coastal shipping business ended the quarter with net operating revenue of R$500.8 million, in line with the second quarter of 2025, and adjusted EBITDA of R$86.4 million, with a margin of 17.3%.
Total volume transported reached 193,400 TEUs, up 6.6%, driven by cabotage and Mercosur services.
In cabotage, the company posted its highest volume and revenue ever for a second quarter. According to Brazil’s cabotage shipowners association ABAC, the market grew 4.2% during the period, supported by enforcement of Brazil’s minimum road-freight rate table by transport regulator ANTT, which increased the competitiveness of coastal shipping.
Log-In grew above that average, reflecting a commercial push to expand its customer base. In Mercosur, volume growth followed the increase in Argentine exports.
The business line also improved in customer perception, with its Net Promoter Score reaching the “quality zone” during the quarter.
On the integration front, growth in road-cabotage volumes strengthened the connection between Tecmar and Log-In’s coastal shipping operations, with more less-than-truckload cargo using the maritime leg instead of road transport.
For Voloch, cabotage’s progress is directly tied to the level of service offered in the segment.
“Growing above the market while improving NPS shows that the volume gain came from operational quality, which customers recognize and value. Moving cargo to cabotage requires predictability, and that is what we are delivering,” he said.
Vila Velha Port Terminal
TVV recorded its highest second-quarter net operating revenue and EBITDA in history, reaching R$134.3 million and R$70.0 million, respectively. The figures were up 35.5% and 70.5% year on year.
The EBITDA margin reached 52.1%, up 10.7 percentage points from the second quarter of 2025.
Container handling totaled 65,500 boxes, an 8.1% increase and the highest volume ever recorded by the terminal.
Exports were driven by coffee and granite slabs, as shipments recovered after a challenging second quarter in 2025. On the import side, volume reached a record 26,900 boxes, supported by electric vehicle movements in flat rack containers.
In general cargo, the terminal handled 415,100 metric tons in the first half, up 40% from the first six months of 2025. Demand for electric vehicles also increased Ro-Ro vessel activity.
In May, TVV began operating the Penedo back area, which added 65,154 square meters to the terminal, increasing its total area by 60%. The new space now supports import and export demand for containers, granite, steel products and fertilizers.
According to Log-In Terminals Director Gustavo Paixão, storage and ancillary service revenue already reflected the new structure during the quarter.
“The Penedo back area began operating in May and already contributed to the quarter’s results through higher storage revenue. We gained 60% more area at a terminal that had been operating with high occupancy, which allows us to receive more cargo and handle different product profiles. The container handling record in the same period shows that demand was already there, waiting for this capacity,” he said.
Road freight transport
The second quarter marked continued progress in Tecmar Transporte & Logística’s turnaround process, with revisions to its organizational structure, improvements in performance indicators and the selection of contracts with higher return potential.
The business line ended the period with net operating revenue of R$142.0 million, up 4.3% from the second quarter of 2025.
Growth was driven mainly by less-than-truckload cargo, Tecmar’s specialty, supported by a more profitable cargo mix, and by Tecmar Norte, which increased revenue from warehousing services for import cargo in northern Brazil.
Road-cabotage volume also advanced during the quarter, with scale gains in short-distance intermodal operations feeding cabotage services in door-to-door logistics.
Tecmar Executive Director Clóvis Severino said the company remains in an adjustment phase focused on integration with the group’s other assets.
“The restructuring plan remains underway and includes reviewing the contract portfolio, adjusting the management structure and expanding integration with cabotage. Revenue growth and the increase in road-cabotage volumes indicate that the path toward turning Tecmar into a multimodal operator is working,” he said.
ESG agenda
Log-In also advanced on three ESG fronts during the quarter.
The company completed assurance of its 2025 greenhouse gas emissions inventory and received the Gold Seal from the Brazilian GHG Protocol Program, a classification granted to inventories that are complete and verified by a third party.
Log-In also obtained the EcoVadis Bronze Medal, an international assessment that reviews environmental, labor, ethics and sustainable procurement practices.
According to Pascoal Gomes, Log-In’s chief financial and investor relations officer, the recognition reflects measurement work that began in previous years.
“The GHG Protocol Gold Seal, the highest level awarded to companies that fully inventory their emissions and have their data verified by a third party, and the EcoVadis Bronze Medal, one of the leading global assessments of corporate sustainability performance, are indicators of Log-In’s efforts on this agenda and reaffirm the company’s commitment to responsible management and sustainable value creation,” he said.
Source: Log-In Logística Integrada
