Damco’s revenue, profits up 8% - The Packer

Damco’s revenue, profits up 8%

05/29/2012 04:04:00 PM
Andy Nelson

Logistics specialist Damco reported 8% growth in both net revenue and gross profit in the first quarter of 2012.

Copenhagen, Denmark-based Damco, a unit of the A.P. Moller-Maersk Group, had net revenues of $738 million in the first quarter of the year, according to a company news release.

Volumes also rose for Damco in the first quarter. Ocean volumes were 6% higher than in the first quarter of 2011. Airfreight tonnage more than doubled, largely due to the company’s purchased of Chinese air freight forwarder NTS in August 2011.



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