SM Investments Corp., the flagship investment arm of the Sy Group, is doubling down on logistics and travel as its shipping arm, 2GO Group, gears up for expansion across the Visayas and Mindanao following record freight performance.
SM President and Chief Executive Officer Frederic C. DyBuncio said 2GO is capitalizing on a shakeout in the third-party logistics space, particularly in e-commerce, where some competitors have scaled back or shuttered forwarding operations.
“We’ve been gaining a lot of business from other third-party logistics companies, especially in e-commerce,” DyBuncio said, noting that displaced volumes have translated into rising market share for 2GO.
All core segments are now profitable, with freight and forwarding delivering record results.
To sharpen accountability and unlock growth, the company recently split its freight and travel operations into separate business units. Freight remains the main earnings engine, but management is lining up a more aggressive push for travel in 2026.
Plans include expanding group tours and MICE-related offerings, as well as strengthening passenger shipping. 2GO remains the only operator moving passengers from Manila to key routes across the Visayas and Mindanao. New routes are in the pipeline, including additional services to Siargao, one of the country’s fastest-growing leisure destinations.
The southern Philippines is central to SM’s broader strategy, with management citing robust trade flows and rising tourism demand.
By consolidating its leadership in domestic shipping and scaling its logistics backbone, 2GO is positioning itself as the country’s indispensable cargo-and-passenger link.
