Global forwarder Damco sees huge growth

Part of the rise in volumes came from the acquisition of New Times Transportation

135 per cent rise DAMCO freight volumes global freight forwarder New Times Transportation

Global freight forwarder Damco has witnessed an exponential growth in its air freight volumes in the first half of 2012: volumes have risen 135 per cent, year-on-year. While much of the rise was due to the company’s August 2011 acquisition of Chinese airfreight forwarder New Times Transportation, Damco’s  air cargo business also saw an organic growth of 42 per cent, year-on-year.