{"id":25859,"date":"2024-03-25T02:30:00","date_gmt":"2024-03-25T02:30:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4368404_AE68404_0"},"modified":"2024-03-25T02:30:00","modified_gmt":"2024-03-25T02:30:00","slug":"dachser-stays-on-course-and-expands-its-global-network","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=25859","title":{"rendered":"Dachser stays on course and expands its global network"},"content":{"rendered":"\n<ul type=\"disc\">\n<li><b>Investments in several acquisitions and new joint ventures worldwide.&nbsp; <\/b><\/li>\n<li><b>European overland transport provides stability; air and sea freight suffers from overcapacity and decline in rates.<\/b><\/li>\n<li><b>Investments totaling around&nbsp;EUR 500 million are planned for 2024.<\/b><\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">HONG KONG<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 25, 2024<\/span><\/span> \/PRNewswire\/ &#8212;<b> After the economic boom in logistics resulting from the coronavirus pandemic and worldwide disruption to supply chains, normalcy returned to the industry in 2023. Dachser was among those whose financial year was marked by weak demand for logistics services in the face of significant overcapacity and a sharp decline in air and sea freight rates. <\/b><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2369280\/Dachser_European_Logistics_Air_Sea_Logistics_g_2048x1152.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2369280\/Dachser_European_Logistics_Air_Sea_Logistics_g_2048x1152.jpg?p=medium600\" title=\"Dachser invested significantly in the expansion of its networks in 2023. Investments of around 500 million euros are planned for 2024.\" alt=\"Dachser invested significantly in the expansion of its networks in 2023. Investments of around 500 million euros are planned for 2024.\" \/> <\/a> <br \/><span>Dachser invested significantly in the expansion of its networks in 2023. Investments of around 500 million euros are planned for 2024.<\/span><\/p>\n<\/p><\/div>\n<p>As a result, Group revenue decreased to some <span class=\"xn-money\">EUR 7.1 billion<\/span>, 12.5 percent down on the previous year. Transported volumes fell by 4.6 percent to approximately 77.4 million shipments, while tonnage decreased by 6.5 percent to some 40.0 million metric tons.<\/p>\n<p>&quot;Against the backdrop of an ailing global economy and a challenging market environment, supply chains were under considerably less strain in 2023, which allowed us to focus on improving productivity, capacity utilization, and quality. At the same time, we made considerable investments in the expansion of our networks,&quot; says <span class=\"xn-person\">Burkhard Eling<\/span>, CEO of Dachser.<\/p>\n<p>Compared to the last pre-crisis year 2019, turnover in 2023 was over 25 percent higher. At that time, Dachser had reported turnover of around <span class=\"xn-money\">EUR 5.7 billion<\/span>.<\/p>\n<p><b>Significant expansion of the global network<\/b><\/p>\n<p>In 2023, the company made strategic acquisitions and established new joint ventures in <span class=\"xn-location\">the Netherlands<\/span> (M&uuml;ller Fresh Food Logistics), <span class=\"xn-location\">Australia<\/span> and <span class=\"xn-location\">New Zealand<\/span> (ACA International), <span class=\"xn-location\">Japan<\/span> (50% joint venture Dachser Japan), <span class=\"xn-location\">Italy<\/span> (80% joint venture Dachser &amp; Fercam Italia), <span class=\"xn-location\">South Africa<\/span> (100% share acquisition Dachser South Africa), and <span class=\"xn-location\">Sweden<\/span> (Frigoscandia). Of these, only the acquisitions in <span class=\"xn-location\">the Netherlands<\/span> and Oceania in the first half of the year feature in the revenue figures for 2023.<\/p>\n<p>&quot;In 2023, we deliberately took a countercyclical and farsighted approach to investments: we completed our European groupage network in <span class=\"xn-location\">Italy<\/span> with the third-largest acquisition of our company history. We tapped key food logistics markets in the Benelux and Nordic countries. Moreover, we now have our own locations in the large overseas markets of <span class=\"xn-location\">Japan<\/span> and <span class=\"xn-location\">Australia<\/span>,&quot; Eling says.<\/p>\n<p>Given the conservative economic forecasts, Dachser still expects low volumes and only slight revenue growth in 2024. &quot;In pursuit of our goal of becoming the world&#8217;s most integrated logistics provider, we are continuing to invest in expanding and enhancing our networks, in digitalization, in climate action, and of course in our employees,&quot; Eling says. In 2023, Dachser invested more than <span class=\"xn-money\">EUR 244 million<\/span>; it plans to increase that figure to over <span class=\"xn-money\">EUR 500 million<\/span> in 2024.<\/p>\n<p><b>Business development in detail<\/b><\/p>\n<p>Dachser&#8217;s <b>Road Logistics<\/b> business field\u2014which comprises the transport and warehousing of industrial and consumer goods (European Logistics) and food (Food Logistics)\u2014increased its revenue by 1.8 percent to <span class=\"xn-money\">EUR 5.8 billion<\/span> in 2023. By way of contrast, the number of shipments fell by 4.7 percent and transported tonnage by 6.5 percent.<\/p>\n<p>The <b>European Logistics<\/b> business line generated revenue of <span class=\"xn-money\">EUR 4.4 billion<\/span>, roughly on a par with the record year of 2022. Business was good across European business units, with Iberia coming out on top with a revenue increase of more than 2 percent. Shipment numbers and tonnage declined overall due to <span class=\"xn-location\">Germany&#8217;s<\/span> weak economy, which also had a negative impact on the close-knit countries in the North Central Europe region.<\/p>\n<p>The <b>Food Logistics<\/b> business line also had a successful financial year in 2023, recording a 9.7 percent increase in revenue to <span class=\"xn-money\">EUR 1.4 billion<\/span>. This jump in revenue stemmed from positive business development at branches in <span class=\"xn-location\">Germany<\/span> as well as from inorganic growth through the acquisition of M&uuml;ller Fresh Food Logistics in <span class=\"xn-location\">the Netherlands<\/span> and the purchase of the remaining shares in Dachser Hungary. In total, Dachser Food Logistics transported 10.9 million shipments, slightly more than in the previous year, while tonnage fell by 3.8 percent.<\/p>\n<p>In the <b>Air &amp; Sea Logistics<\/b> business field, the combination of weak demand and substantially more capacity in air and sea freight had a profound effect. Plummeting freight rates were responsible for a drop in revenue of 46.3 percent\u2014compared to 2022\u2014to <span class=\"xn-money\">EUR 1.3 billion<\/span>. The number of shipments rose by 2.4 percent, while tonnage fell by 7.9 percent.<\/p>\n<p><b>Contract Logistics<\/b>\u2014a combination of transport, warehousing, and customer-specific value-added services\u2014also underwent large-scale expansion in 2023. Dachser invested in additional capacity during the year and increased the number of pallet spaces to just under 400,000. Dachser now offers a total of more than 3 million pallet spaces across 164 warehouse locations on five continents.<\/p>\n<p>Looking to the future, Eling announced that Dachser will focus even more on closely integrating the Road Logistics and Air &amp; Sea business fields. &quot;In the coming years, significant growth impetus will come from markets outside <span class=\"xn-location\">Europe<\/span>. In order to continue serving our customers worldwide with high quality and reliability, we are linking the processes and systems of our two business fields even more closely together in order to develop an integrated global, door-to-door groupage solution that we call &#8216;Global Groupage&#8217;.&quot;<\/p>\n<p>Dachser&#8217;s workforce grew in 2023 by more than 1,100 people to a total of approximately 34,000. This is a reflection of the expansion of sales and IT teams, as well as the acquisitions of M&uuml;ller Fresh Food Logistics and ACA International.<\/p>\n<p><b>Overview of revenue: <\/b><\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Net revenue in EUR million<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2023 <\/b><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>(provisional)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prnpr10 prnpl2 prnvam prntac prncbts prnbrbrs prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Change in 2023<\/b><br \/><b>vs. 2022<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Road Logistics<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>5,806<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>5,701<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>+1.8&nbsp;%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">European Logistics<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4,426<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">4,443<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">\u22120.4% <\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Food Logistics<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,380<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">1,258<\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">+9.7&nbsp;%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Air &amp; Sea Logistics<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>1,300<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>2,420<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u221246.3%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Group<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>7,106<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>8,122<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>\u221212.5%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>&nbsp;<\/p>\n<p><b>About&nbsp;Dachser<\/b><\/p>\n<p>Dachser, a family-owned company headquartered in Kempten, <span class=\"xn-location\">Germany<\/span>, provides transport logistics, warehousing, and customized services in two business fields: Dachser Air &amp; Sea Logistics and Dachser Road Logistics. The latter consists of two business lines: Dachser European Logistics and Dachser Food Logistics. Comprehensive contract logistics services and industry-specific solutions round out the company&#8217;s range. A seamless shipping network\u2014both in <span class=\"xn-location\">Europe<\/span> and overseas\u2014and fully integrated IT systems ensure intelligent logistics solutions worldwide.<\/p>\n<p>Thanks to some 34,000 employees at 382 locations all over the globe, Dachser generated consolidated net revenue of approximately <span class=\"xn-money\">EUR 7.1 billion<\/span> in 2023. The same year, the logistics provider handled a total of 77.4 million shipments weighing 40.0 million metric tons. Country organizations represent Dachser in 43 countries. For more information about Dachser, please visit&nbsp;<a href=\"http:\/\/www.dachser.com\/\" target=\"_blank\" rel=\"nofollow noopener\">dachser.com<\/a><\/p>\n<p>In <span class=\"xn-location\">Asia Pacific<\/span>, Dachser has operations in <span id=\"spanHghlt69c4\">45<\/span><span id=\"spanHghltf07c\">&nbsp;locations with its Regional Head Office<\/span> located in <span class=\"xn-location\">Hong Kong<\/span>. For more information, please visit&nbsp;<a href=\"https:\/\/www.dachser.hk\/en\/\" target=\"_blank\" rel=\"nofollow noopener\">dachser.hk<\/a>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investments in several acquisitions and new joint ventures worldwide.&nbsp; European overland transport provides stability; air and sea freight suffers from overcapacity and decline in rates. Investments totaling around&nbsp;EUR 500 million are planned for 2024. HONG KONG, March 25, 2024 \/PRNewswire\/ &#8212; After the economic boom in logistics resulting from the coronavirus pandemic and worldwide disruption [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-25859","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dachser stays on course and expands its global network - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=25859\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dachser stays on course and expands its global network - My Blog\" \/>\n<meta property=\"og:description\" content=\"Investments in several acquisitions and new joint ventures worldwide.&nbsp; European overland transport provides stability; air and sea freight suffers from overcapacity and decline in rates. Investments totaling around&nbsp;EUR 500 million are planned for 2024. 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