Dachser, the German global logistics services provider, increased 2010 revenue 19 percent, or $858 million, from the previous year to $5.4 billion, driven by a strong performance in ocean and air cargo.
Ocean and air logistics revenue in the U.S., South America, Asia and Europe surged 68 percent to $1.34 billion. "Our strategy of having a presence in the world's major economic markets and integrating them into our European network proved to be extremely successful last year," said Bernard Simon, head of the management board.
By The Numbers: U.S. Intermodal Shipments
The European logistics division, which focuses on groupage transport in the chemical and construction industries, had revenue of $3.4 billion.
The food logistics unit generated revenue of around $686 million from transport, warehousing and value added services.
The company hired an additional 1,750 people during the year, taking total staff to 19,250 including 11,400 in Germany.
Dachser said it aims to break the double-digit growth barrier again in 2011 if the global economy remains stable.
The company plans to invest around $1.9 billion in the next five years, including $286 million expanding its network in its three business sectors in 2011.
Two new Eurohubs in Bratislava, Slovakia, and Clermont-Ferrand, France, will be linked with the main hub in Uberherrn in the Saarland, Germany, this year, cutting the number of cross docking operations and reducing shipment times within Europe.
-- Contact Bruce Barnard at email@example.com.