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.

18 May 2017
Damco is using river transport to move freight to and from the port of Chittagong.
11 May 2017
Damco slid back into the red in the first quarter, positng a net operating loss of $8 million.
26 Apr 2017
With the help of Microsoft, Maersk Line plans to roll out customer software applications in the third quarter that will help beneficial cargo owners track containers and manage cargo.
05 Apr 2017
The Twill online portal, billed as a “virtual freight forwarder,” will go online Monday, but will only be available to UK shippers and then only those importing cargo from China.
08 Feb 2017
The Maersk Group said its forwarding and logistics arm still has some way to go to improve its performance.
13 Dec 2016
Maersk “will be like one company” offering container shipping, logistics, and port services.
02 Nov 2016
Damco posted another profit in the third quarter.
Damco's new CEO Klaus Rud Sejling has held positions within the Maersk Group across its transportation and energy divisions.
27 Sep 2016
Damco has named a long-time executive as its new CEO as the company’s parent Maersk Group reorganizes itself.
22 Sep 2016
Maersk Group will be reorganized into two separate divisions, with the synergy efforts expected to deliver cost savings of around $600 million over the next three years.
The synergies APM Terminals provides for Maersk Line make it unlikely the Maersk Group will choose to divest itself of its terminal operating arm.
17 Aug 2016
Maersk will announce the results of its ongoing strategic and structural review of group operations at the end of September.
Damco's strong performance could renew speculation that the Maersk Group will try to sell the unit as the company is in the middle of a strategic and structural review.
12 Aug 2016
Damco’s recovery continued as it was the only Maersk Group unit to boost earnings in the second quarter of 2016.
11 Aug 2016
Analysts do not expect Maersk Line to come out of the second quarter in the black.