Although a Ryanair-Aer Lingus merger has yet to be finalized, the Irish Exporters Association has concerns about the implications for cargo.
Damco, the forwarding and logistics subsidiary of the Danish conglomerate Maersk, reported that its sales grew from USD 784 million in Q3/2011 to USD 849 million in the same quarter this year. The Q3/2012 gross profit rose to USD 212 million from USD 207 million in the like-for-like period in 2011.
Atlanta-based UPS is facing an uphill struggle to win EU approval over its acquisition ofEurope’s second largest parcel delivery company by its February 28 deadline following objections from the European anti-competition body, says American Shipper.
Damco, a leading freight forwarder and logistics service provider — and a part of the AP Moller Maersk Group — last week announced revenue growth of 11 percent to US$2.39 billion during the first nine months of 2012 in comparison to the same period of last year.
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