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Schenker shifts gears, pursues Damco users after August slowdown in volumes

China 2530 Corp - Forwarders 251 European Union 629 Mode - Containerized 1230 Mode - Seaborne 1558 U.S. 4478

DB Schenker has proposed a “stability package” for customers of Maersk’s Damco freight forwarding business. The latter will withdraw from full-container load common-carrier services later this year. The offer comes as DB Schenker’s volumes handled on U.S. seaborne, inbound lanes has underperformed the industry average. Imports linked to DB Schenker fell by 16.9% year over year in August while the average rose by 5.9%. The best performers in the sector include Kerry and Honour Lane with improvements of 29.7% and 41.5% respectively. DB Schenker’s downturn has been widespread with imports f...

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