Supply Chain Management Volumes Grow for Damco

As it remains poised to extend its reach into emerging markets, global freight forwarder and logistics services provider Damco reports total revenues of $1,531 million for the first half of 2013 and a post tax operating loss of $2 million

By ·

As it remains poised to extend its reach into emerging markets, global freight forwarder and logistics services provider Damco reports total revenues of $1,531 million for the first half of 2013 and a post tax operating loss of $2 million (Net Operating Profit After Tax).

Underlying EBITA before special items in the first half of 2013 was $24 million, compared to $34 million in the same period last year. This was slightly less than anticipated, caused by higher-than-planned costs to strengthen and prepare the organization for the future in a number of the growth markets.

Year-on-year growth remains healthy with air freight volumes significantly up (+14%), outperforming the market. Supply chain management volumes grew a very solid 10% while sea freight volumes contracted slightly (-1%).

“In weak markets we continue to invest in building the future with special focus on expanding our geographical coverage and rolling out our new global freight management system” said CEO Rolf Habben-Jansen.

“This is needed to enable future growth and to optimize our cost to serve. We will start seeing the benefits from this later this year and expect to see solid year-on-year improvements in the results from Q4 2013 onwards” he added.

Spokesmen said that in the upcoming quarters Damco does not anticipate a major improvement in the market situation.

Evan Armstrong, president of Armstrong & Associates, ranks the company among the “Top 25” freight forwarders, noting that In 2011, the company had a net turnover of $2.8 billion, managed more than 2.5 million twenty-foot equivalent units (TEUs) in ocean freight and supply chain management volumes, and air freighted more than 110,000 metric tons.


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

All Topics
Latest Whitepaper
Lead your organization through the driver shortage and over-the-road regulations.
Potential transportation disruptions are looming as increased over-the-road regulations are set to go into effect in 2017. Experts believe these regulations will further impact the already challenged driver pool as well as reduce driver productivity.
Download Today!
From the January 2017 Issue
Following LM tradition, we start off the New Year with our annual “Rate Outlook” cover story and subsequent Webcast
Moore on Pricing: The other TMS functional options
2017 Rate Outlook: Where are freight transportation rates headed?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2017 Rate Outlook: Where are freight transportation rates headed?
Join our panel of top oil and transportation analysts for an exclusive look at where rates are headed and the issues driving those rate increases over the coming year.
Register Today!
EDITORS' PICKS
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...
Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...

Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...
Motor Carrier Regulations Update: Caught in a Trap
The fed is hitting truckers with a barrage of costly regulations in an era of scant profits....