Alan Field | May 13, 2009 11:58AM EDT
A still positive Chinese market helped offset the general gloom of the global downturn for logistics provider Dachser in fiscal 2008.
The global operator generated consolidated gross revenue for the year of $4.9 billion, compared to $4.4 billion in 2007, equivalent to 12 percent growth. Revenue from operations in Greater China grew by 20 percent.
Although the family-owned Dachser did not release details about its profitability, Dieter Truxius, its CFO and managing director, said, "Dachser, too, is not immune to the current economic forecast."
In its core segment, the transportation of goods in its full-coverage European network, Dachser generated consolidated gross revenue of $3.2 billion. Dachser Air & Sea Logistics, its global network focused on the U.S., Europe and Asia, generated sales of $1.03 billion. Dachser Food Logistics, a leading provider in Germany, posted revenue of $612 million for 2008. Its Chinese division, Dachser Far East Ltd., achieved revenue of $258 million, or 20 percent higher than in 2007.
Contact Alan Field at afield@joc.com.
