Dachser Air and Sea Logistics business growth down in 2022
23 / 03 / 2023
Photo: Dachser
Dachser’s Air and Sea Logistics business growth slowed year on year due to increased capacity in air and sea freight and disruption to business in China.
The division recorded a 16.7% increase in revenue in 2022 (€2.4bn) over the previous year (€2.1bn).
However, the logistics provider noted the number of shipments fell by a total of 7.3% for the year.
“Following the exceptional revenue growth in 2021, last year’s greater capacity in air and sea freight and the sputtering growth in China ensured that growth in the Air and Sea Logistics business field settled at a lower level,” said Dachser.
Burkhard Eling, chief executive of Dachser, commented: “During the coronavirus pandemic, our air and sea freight business raised its profile significantly. Contributing factors were the expansion of the LCL groupage business in sea freight and the air freight charter network, which operated 260 flights last year alone.
“Our customers appreciate how deeply integrated our services are—on land, at sea, and in the air. We will strengthen this USP even further in the future.”
For the 2022 financial year, Dachser’s revenue was up 14.9% (€8.1bn), marking the second consecutive year of double-digit growth.
The company said the “main drivers of this growth were disruption-prone supply chains and scarce capacity, which led to high price levels in the market”.
It added: “Starting in September 2022, the economic boom in logistics transitioned to a clear normalization of business with declining shipment numbers and rates, especially in air and sea freight.
“Over the year as a whole, Dachser transported 81.1 million shipments (−2.9 percent) weighing the same as last year: 42.8 million metric tons.”
The company said that following the €196m it invested in 2022, it plans to invest over €300m in 2023.
Earlier this month, Dachser expanded in Australia and New Zealand with the acquisition of freight forwarder ACA International.
