Damco to launch returns service for Asia-Pacific e-commerce

While the continued growth in e-commerce demand that surrounds Chinese giants like Alibaba and JD.com may evoke dollar signs in the eyes of interested parties, there is one major caveat associated with the industry: the rate of returns demanded by customers. In response, international freight forwarder Damco revealed plans today to offer a service that […]

• Nina Chamlou
• March 21, 2018

Top 4 forwarders that may be ripe for M&A activity in 2018

Although mergers and acquisitions (M&A) in the 3PL community so far in 2017 were not quite as numerous as they were in 2016, many airfreight industry analysts say the current boom times for air cargo should make 2018 another banner year for consolidation in the still fragmented freight forwarding business. Just two months ago the […]

• Randy Woods
• November 30, 2017

Warehouse building boom chases Chinese consumers

In August – two months before SEKO Logistics would sign onto Alibaba.com’s “OnePartner” program – the U.S.-based forwarder opened a 50,000-square-foot warehouse in Hong Kong, following the establishment of another 50,000-square-foot facility in the territory last November. Both of these facilities are aimed straight at e-commerce. The first one targets the Hong Kong market, chiefly […]

• Ian Putzger
• November 1, 2016

Damco shows profit in second quarter

Freight forwarder Damco, a division of the Maersk Group, had a net operating profit of US$7 million in the second quarter of 2015, the first quarterly profit the company has seen since 2013. Total revenue, year-to-date, was $655 million, a 17 percent decrease from the same period in 2014. The net loss for the company […]

• Staff Reports
• August 17, 2015

The Power 25 Forwarders of 2015

The larger you are, the harder it is to shove you aside. This basic fact of physics can be seen in The Power 25, Air Cargo World’s list of the top 25 largest freight forwarders in airfreight, based on tonnage last year. Many of the familiar brawny players – DHL Global Forwarding, Kuehne + Nagel, […]

• Randy Woods
• June 5, 2015

News Briefs: Swissport in Astana, East Midlands boom, V-Day flowers bloom

Swissport International will take over the ground handling at Astana International Airport in Kazakhstan. Airport Management Group, which took over six airports in Kazakhstan earlier this year, signed a memorandum of understanding with Swissport to phase in its services. Additionally a new joint venture, Swissport Kazakhstan, will take over passenger handling at Astana May 1 […]

• Staff Reports
• February 25, 2015

The week in brief

Cargo traffic and capacity for LATAM Airlines Group decreased by 11.5 percent in April compared to the same month in 2013. As a consequence, the cargo load factor remained flat at 61.1 percent. The decrease in cargo capacity and traffic is a result of a reduced freighter operation driven by weaker seasonal products from Latin […]

• May 15, 2014

Cargo Chat: Samuel Israel

Samuel Israel is Damco’s regional CEO for the Latin America region. Israel has more than 30 years of logistics experience, previously serving as country manager for Mexico at Danzas and as CEO for DHL Global Forwarding Latin America. Before moving to Latin America in 1999, Israel, a French national, held various jobs in France. He […]

• Staff Reports
• February 26, 2014

Special shippers: Pharma investment paces Benelux

Amsterdam Airport Schiphol, the third largest cargo hub in Europe, saw a 1-percent increase in throughput in the first six months of this year. But growth feels “sluggish,” according to Enno Osinga, senior vice president cargo. “Nobody’s talking about the market picking up; it’s just changes in composition,” he says. “Inbound volumes from Asia grew […]

• August 28, 2013

Damco sees increased airfreight volumes

Global freight forwarder Damco’s airfreight volumes in the first half of 2013 were up by 14 percent year over year.

• August 19, 2013