News / Dachser a 'rock of stability' during the pandemic as air and sea shine

High air and sea freight rates drove Dachser’s revenues last year and, despite falling volumes, the forwarder recorded net earnings of €5.61bn ($6.67bn), down 0.9% on 2019.

Air and Sea Logistics saw revenue growth of 5.2%, to €1.2bn, as it “benefited from the shortages in air and sea freight capacity, and the corresponding rise in freight rates throughout 2020,” it said, as well as activity in Asia.

It added that its own chartered air freight capacity had also helped push up revenue. ...