Damco

Damco truck trailer

Damco is the second of two Netherlands-based firms to make the JOC’s Top 40 Global 3PLs list. It sits at No. 23 as a result of its $3.2 billion in revenue in 2013. Damco, the third-party logistics subsidiary of Maersk Group, provides freight forwarding and logistics solutions from its headquarters in The Hague, Netherlands.

Damco and its 11,400 employees operate out of 93 countries and 300 offices around the world. In 2013, Damco’s revenue fell 1 percent to $3.21 billion from 2012’s $3.23 billion. The company attributed this to restructuring, such as consolidating locations, and the implementation of a new information technology system to track orders.

10 Feb 2016
Damco posted a $19 million profit in 2015, reversing a 2014 loss of $293 million in what Maersk Group CEO Nils Andersen called “an early sign” that the forwarder’s two-year turnaround program is working.
28 Jan 2016
Global logistics companies continue to pile into the Asia e-commerce market, with Damco launching a China solution and DHL expanding its growing presence in the region deeper into Thailand.
06 Nov 2015
Damco’s recovery gathered pace in the third quarter with the Maersk Group’s freight forwarding and logistics unit swinging to a $20 million profit from a $68 million loss a year ago.
13 Aug 2015
Damco posted a rare profit in the second quarter as Maersk’s troubled freight forwarding and logistics arm reaped the benefits of a radical restructuring program.
13 May 2015
Damco’s reduced first-quarter loss came at a price as the Maersk Group’s freight forwarding and logistics unit ceded more market share to its rivals.
25 Feb 2015
Damco’s decline deepened in 2014 as the Maersk Group’s freight forwarding and logistics unit saw ocean and air freight volumes slide in a growing market.
25 Feb 2015
Maersk Group made a record net profit of $5.2 billion in 2014, up 38 percent on the 2013 result and driven by a strong performance by Maersk Line, which reported a profit of $2.3 billion.