China’s business helped Dascher through a tight time. Or, to put it more formally, a still positive Chinese market helped offset the general gloom of the global downturn for logistics provider Dachser in fiscal 2008.
The global operator generated consolidated gross revenue for the year of $4.9 billion, compared to $4.4 billion in 2007, equivalent to 12% growth. Revenue from operations in Greater China grew by 20%.
The Journal of Commerce reported that although the family-owned Dachser did not release details about its profitability, Dieter Truxius, its CFO and managing director, said, ‘Dachser, too, is not immune to the current economic forecast.’
In its full-coverage European network, Dachser generated consolidated gross revenue of $3.2 billion. Dachser Air & Sea Logistics, its global network focused on the U.S., Europe and Asia, generated sales of $1.03 billion.
Its Chinese division, Dachser Far East, achieved revenue of $258 million, 20% higher than in 2007.