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.

20 Aug 2014
Damco expects to end the year in the red after the logistics arm of Maersk Group lost $32 million in the s
06 Jul 2014
Damco, Maersk Group’s logistics unit, 
25 Jun 2014
Damco, Maersk Group’s logistics unit, has started operations at the first international container freight station in Myanmar.
Jason Bergman
04 Apr 2014
Jason Bergman, Damco’s vice president of strategic sales for North America, discusses how supply chain procurement has changed and increased in complexity, Damco's focus on the global market, and the challenge of commoditization of some services.
Majestic Maersk
27 Feb 2014
Maersk Line today posted a lower profit for the fourth quarter of 2013, but its full-year profit tripled, thanks to higher volumes and steep cost cuts, which offset lower freight rates.
Maersk tanker
06 Jan 2014
Maersk Tankers has sold its fleet of 15 very large crude carriers to Euronav, a Belgian tanker operator, for $980 million, allowing A.P. Moller-Maersk to focus on its core businesses.
Damco truck
13 Nov 2013
Damco’s profit collapsed to $1 million in the third quarter of 2013, from $15 million a year ago, driven by higher restructuring and overhead costs.
29 Oct 2013
Damco has named Hanne B. Sørensen as CEO, effective Jan. 1, 2014.