Logistics provider Dachser has announced plans to invest over €300 million in 2023 after it marked the second consecutive year of double-digit growth in 2022 with €8.1 billion in revenue, up 14.9 percent from the previous year.

For its air and sea logistics business, Dachser closed out the year with a 16.7 percent increase in revenue to €2.4 billion. The number of shipments fell by a total of 7.3 percent.

“During the coronavirus pandemic, our air and sea freight business raised its profile significantly,” Burkhard Eling, CEO of Dachser said.

“Contributing factors were the expansion of the LCL groupage business in sea freight and the air freight charter network, which operated 260 flights last year alone…

“We will strengthen this USP even further in the future.”

Dachser’s road logistics business meanwhile reported increased revenue by 14.2 percent to €5.7 billion in 2022, whilst the European logistics business saw revenue grow by 13.4 percent, roughly the same rate as it did in 2021. Dachser’s food logistics business saw a major revenue increase, up 17.1 percent.

Eling stated the company will continue on its chosen course in 2023 and announced plans to invest over €300 million in 2023. It invested €196 million in 2022. Dachser has already started the new year with the acquisition of Dutch food logistics company Müller and air and sea freight forwarder ACA International, which is based in Melbourne, Australia.

Dachser said 2023 has gotten off to a cautious start with comparatively low transport volumes, but it sees no cause for concern: “we expect that after two years of exceptional revenue growth, but also exceptional burdens on the operational teams, 2023 will now see a return to a bit of normality in logistics and in our business,” Eling said in Munich.