Dachser Æ09 revenue down on increased volume
Germany-based global logistics company Dachser said it saw revenue drop 9.5 percent in 2009 to $4.4 billion, despite a 1 percent increase in tonnage transported.
Dachser handled 41.8 million consignments during the year. Revenue from its core business, transport of consolidated goods in Europe, declined 9 percent. European revenue accounts for two-thirds of total revenue, the company said.
'Air and sea freight operations were also the hardest hit at Dachser by the loss in revenue,' the company said. 'The Dachser Air & Sea Logistics business segment posted a result in line with the general average decline in this market segment and accounted for 17 percent of the revenue of the Dachser group.'
The company said results in the fourth quarter of 2009 and first quarter of 2010 have stabilized.
'Although at the moment we cannot predict sustained general economic recovery with absolute certainty, we nevertheless see good possibilities for Dachser to take advantage of a range of market opportunities that will present themselves in 2010,' spokesman Bernhard Simon said.
The company did not release details about profits.
Dachser ?09 revenue down on increased volume
