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.

Comments (0) Leave a comment 

e-Mail (required)


characters left

Feedback Form
Leads to Insight