DAMCO

Damco Scrapped, Freight Forwarders At Crossroads, What Next?

  • Shippers face a choice as they plan their freight strategies: the simplicity of a single end-to-end provider or the reduced risk of a diversified carrier network.
  • Maersk pursues an end-to-end logistics strategy , acquiring customs brokers, investing in digital tools like Loadsmart and developing platforms such as Maersk Flow and Twill.
  • Maersk marketed the internalization of Damco services using words such as “simplified,” “agile,” “seamless” and with fewer “handoffs.”
  • The supply chain...

https://mfame.guru/damco-scrapped-freight-forwarders-at-crossroads-what-next/

Forwarders slam Maersk: ‘moving from supplier to becoming a competitor’

Major forwarders may abandon Maersk over concerns that the line’s new “integrated” business and “aggressive” strategy creates conflict of interests, and that it wants to cut forwarders from its business.
DB Schenker confirmed to The Loadstar that it had lost key account status with the shipping line, but said it had switched most of its volumes.
“In May 2020, DB Schenker removed more than 90% of the freight volume loaded at Maersk, and shifted …

The post Forwarders slam Maersk: ‘moving from...

https://theloadstar.com/forwarders-slam-maersk-moving-from-supplier-to-becoming-a-competitor/

Global trade declines, but freight forwarders experience mixed fortunes

The coronavirus pandemic led to an 11.6% year-on-year contraction in air and sea freight forwarding volumes in the first half of the year.
Global trade suffered from the double-blow of reduced factory output in China and then the subsequent fall in demand as social lockdowns were ordered.
According to new analysis by supply chain consultancy Transport Intelligence (Ti), the air freight sector bore the brunt of the declines, with the global market …

The post Global trade declines, but freight...

https://theloadstar.com/global-trade-declines-but-freight-forwarders-experience-mixed-fortunes/

DB Schenker Targets Customers With New ‘Stability Package’

  • Leading global logistics service provider DB Schenker approved a Stability Package for customers of its competitor Damco.
  • Intended for affected companies, the package includes an offer to take over short-term service agreements of up to two months’ contract period for the same conditions as agreed with Damco.
  • With the Stability Package, DB Schenker responds to market unrest following an announcement of Maersk to discontinue the Damco brand and its FCL NVOCC business.

Leading global logistics...

https://mfame.guru/db-schenker-targets-customers-with-new-stability-package/

3PLs prepare to catch Damco shippers jumping ship

container terminal

A.P. Moller-Maersk’s (OTCMKTS: AMKBY) announcement earlier this week that it will integrate the air cargo and less-than-container-load (LCL) services of its subsidiary Damco into the Maersk brand has some customers checking their options.

Shippers remain unclear how the absorption of Damco into Maersk will impact their overall logistics contracts with the longtime third-party logistics services provider (3PL), as well as what will happen to the customer service staff who were dedicated to their...

https://www.freightwaves.com/news/3pls-prepare-for-damco-shippers-jumping-ship

Talking heads: industry reactions to the ‘difficult decisions’ by Maersk

Saskia Groen-in’t-Woud, chief executive of the soon-to-be-defunct Damco, has said the move to fold the forwarder into Maersk was “emotionally difficult, but ultimately the right decision”.
Writing on LinkedIn, Ms Groen-in’t-Woud, who has been repeatedly congratulated on her leadership skills, said the move would “speak to the true heart of customer needs and integrator strategy”.
She added that the Damco team had “turned a history of loss-making into profit and value-generation”.
She said: …

The...

https://theloadstar.com/talking-heads-industry-reactions-to-the-difficult-decisions-by-maersk/

Why Maersk axed Safmarine and Damco — and what’s next

Maersk ship

When A.P. Moller-Maersk, the world’s largest container-line owner, announces layoffs in the middle of a pandemic, the immediate reaction is: They’re cutting staff and slashing costs to pump up profits. As the saying goes: “Never let a crisis go to waste.”

Not true, maintained company representatives speaking with FreightWaves.

The reorganization announced Tuesday was in the works long before the coronavirus struck. “This is not about cost savings whatsoever. It’s about being more efficient with...

https://s29755.pcdn.co/news/why-maersk-axed-safmarine-and-damco-and-whats-next

+ More