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Global logistics firm to sponsor Andretti Autosport

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On The Beat Industry News In Brief

Florida-based DHL Express, a global logistics company, announced Feb. 22 that it signed a multiyear sponsorship agreement with Andretti Autosport, an IndyCar Series team owned by Michael Andretti.

Terms of the deal were not disclosed, but motorsports business experts valued it at mid to high six figures annually.

As the Official Shipping and Logistics sponsor of Andretti Autosport, DHL will serve as a co-primary sponsor of the new car driven by Ryan Hunter-Reay and as an associate sponsor for the car driven by the team’s newest member, Mike Conway.

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