The supervisory board of Germany’s Deutsche Bahn AG (DB) on Wednesday approved the sale of forwarder Schenker to Danish logistics group DSV.
The combined companies will have revenue of $43.5 billion, ranking ahead of current leading global forwarder Kuehne+Nagel of Switzerland, at $28.11 billion. The joint workforce will total around 147,000 employees at 1,850 locations in more than 130 countries.
Also on Wednesday, the German government granted its approval of the sale, which is expected to be...
https://www.freightwaves.com/news/schenker-sale-to-dsv-approved