D.B. Schenker

Schenker buy makes DSV a forwarder colossus

German national railway Deutsche Bahn AG and transport and logistics provider DSV of Denmark on Friday said they have signed an agreement for DSV to acquire DB’s logistics subsidiary Schenker for an estimated $15.84 billion.

DB said interest income until completion of the sale could push the value to $16.4 billion.

DSV said in a release that 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....

https://www.freightwaves.com/news/schenker-buy-makes-dsv-a-forwarder-colossus

Former USA Truck CEO takes COO role at Kodiak Robotics

MOUNTAIN VIEW, California — Some cajoling before a let’s-make-a-deal barbecue dinner in Fort Smith, Arkansas, persuaded James Reed to take his technical credentials — unparalleled among trucking company chief executives — back to Silicon Valley.

Reed led a turnaround as CEO of USA Truck for six years before its sale to German logistics giant D.B. Schenker in September. He is trucking’s first C-suite executive to take a leading role at an autonomous trucking startup, joining Kodiak Robotics as...

https://www.freightwaves.com/news/former-usa-truck-ceo-takes-coo-role-at-kodiak-robotics

Another Maersk ship sailing for LA loses containers

A.P. Møller – Maersk has confirmed yet another midocean loss of containers.

A Maersk spokesman told American Shipper that while en route from Xiamen, China, to Los Angeles on Wednesday, the Maersk Eindhoven “experienced an engine stop in heavy seas near Japan during her crossing, resulting in the loss of a number of containers overboard.”

Maersk did not provide an approximate number of containers lost, only saying that “a detailed cargo assessment is ongoing.” 

The Eindhoven is deployed on...

https://s29755.pcdn.co/news/another-maersk-ship-sailing-for-la-loses-containers