DAMCO Renews Petco Contract As Customs Brokerage Provider

Madison, New Jersey, November 29, 2010 – Damco, a global leader in freight forwarding and supply chain solutions has renewed its contract with PETCO, a leading pet specialty retailer with more than 1,000 stores nationwide, as the company’s exclusive customs brokerage solutions provider in North America.

Under the contract, Damco will handle PETCO’s brokerage at all US import ports for four of the company’s ten national distribution centers.

Damco, with its network of offices across the U.S., high number of licensed customs brokers and extensive experience in the regulatory environment, is well-positioned to provide seamless service and to improve the reliability of PETCO’s supply chain processes while delivering a high level of service.

“We are very happy to be able to contribute to the success of PETCO. As a market leader, they set very high standards and have great expectations of their business partners. We have worked hard to understand PETCO’s logistics needs, and shall ensure we do everything we can to meet its requirements,” said Robert L. Capaldo, President of Damco Custom Services, Inc. in North America. “Over the years we have made sure that our logistics services do more than simply meet customers' needs and as a result we've seen our services and volumes grow. This contract is a fantastic recognition of that."

About PETCO
PETCO is a privately held specialty retailer that provides products, services and advice that make it easier for our customers to be great pet parents. We operate more than 1,000 stores in 50 states and the District of Columbia, as well as a leading pet products and information destination at www.petco.com. Our nonprofit organization, The PETCO Foundation, has raised nearly $70 million since its inception in 1999 to help promote and improve the welfare of companion animals. In conjunction with the Foundation, we work with and support approximately 6,500 local animal welfare groups across the country to help find homes for more than 200,000 adoptable animals every year.

About Damco
Damco is one of the world’s leading third party logistics provider and an independent business unit within the A.P. Moller - Maersk Group.

Damco offers a broad range of freight forwarding services and supply chain solutions to customers all over the world. The company has 10,500 employees in over 280 offices across 90 countries and representation in 120 countries in Africa, Asia, Australia, North America, Middle East, and Latin America. In 2009, the company had a net turnover of over USD 2 billion, managed more than 2.3 million TEU of ocean freight and supply chain management volumes and air freighted more than 60,000 tons.

For more information, please visit www.damco.com
 

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