HutchWatch: Panama pain and PSA plans – where we stand
Predictions
German road freight and 3PL provider Dachser today reported a 12.5% year-on-year decline in 2023 revenue, due to falling volumes and plummeting freight rates.
It said full-year revenues came in at €7.1bn ($7.73bn) , some 25% higher than pre-Covid 2019 sales, while last year’s transported volumes fell 4.6%, to 77.4m shipments and tonnage decreased by 6.5%, to 40m tonnes.
However, the year was also characterised by nearly €250m spent on acquisitions, and CEO Burkhard Eling said it had drawn up a €500m ...
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