Air Freight News

Deutsche Bahn leans toward keeping Schenker unit

German state-owned rail operator Deutsche Bahn AG is leaning toward postponing a possible sale of its logistics unit Schenker that could be worth around 20 billion euros ($21 billion), according to people familiar with the matter.

The option to eventually divest Schenker in the long run remains in place but officials decided to keep the business for now and approved investment plans for the operations, said the people, who asked not to be identified as the matter is private.

A spokeswoman for Deutsche Bahn said there was “no new decision and no new factual situation.”

The company has been working with a consultant and legal advisers to ready the business for a possible transaction later this year, Bloomberg News reported in February. Options being considered range from a full sale, to the potential disposal of a minority holding or an initial public offering, the people with knowledge of the matter said at the time.

Schenker helps transport goods by land, air and ocean and employs more than 74,500 people across about 2,100 locations globally. 



© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

UK braces for travel chaos as transport workers kick off strikes

Train drivers in the UK kicked off a string of labor strikes across the country, advocating for higher wages and creating disruptions for travelers at the height of the vacation…

View Article
J.B. Hunt, University of Arkansas Collaboration Focuses on Future of Supply Chain
View Article
Union Leaders Kick Off Rallies Across UK Amid Summer of Strikes
View Article
Smart Decisions Can Make Heavy Duty Trucking a Better, Safer, and More Comfortable Experience
View Article
North American truckload carrier CFI honors women drivers with custom truck outfitted with unique, large-format graphics
View Article
Daimler Truck shrugs off supply-chain issues with rising sales

Daimler Truck Holding AG said demand for commercial vehicles will continue to outweigh supply in the second half of the year after the German manufacturer reported better-than-expected quarterly earnings.

View Article