Deutsche Bahn

Deutsche Bahn’s Supervisory Board approves DB Schenker sale

The Supervisory Board of Deutsche Bahn AG gave the green light to the sale of DB Schenker to the Danish transport and logistics company DSV at a meeting on 2 October.

At the same time, the federal government granted the approval required for the transaction under the Federal Budget Code (BHO).

The sale is expected to be completed in 2025 once all regulatory approvals have been obtained.

On 13 September, the Management Board of DB AG signed an agreement under which it sold its logistics subsidiary...

https://container-news.com/deutsche-bahns-supervisory-board-approves-db-schenker-sale/

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

Maersk withdraws from DB Schenker takeover – Will this clear path for DSV?

Danish container shipping giant Maersk is no longer interested in acquiring German logistics company DB Schenker, according to Reuters, due to possible future integration challenges.

DB Schenker’s mother company Deutsche Bahn launched a sale process last year.

Maersk said it was considering the takeover of DB Schenker, but Vincent Clerc, CEO of the Danish ocean career, recently stated, “Our investigation confirmed DB Schenker as an interesting company … But the in-depth review also identified...

https://container-news.com/maersk-withdraws-from-db-schenker-takeover-will-this-clear-path-for-dsv/

Deutsche Bahn commences DB Schenker sale process

Deutsche Bahn has begun the process of selling its logistics company DB Schenker. The DB Group released an official notice outlining an open and non-discriminatory process for selling the shares. The requirement for a sale is that it must provide obvious economic benefits to Deutsche Bahn in all aspects.

According to a statement, the worldwide logistics market has outstanding long-term growth prospects and DB Schenker has a strong market position as one of the world’s top four logistics firms.

Fur...

https://container-news.com/deutsche-bahn-commences-db-schenker-sale-process/

Supply chain radar: The next green puff – it’s your turn now

It’s a gold rush as the supply chain gets green, very green, greener than ever. Obviously, there’s top dollar involved – for all those kind souls and entrepreneurs looking to save the planet.
Background
The benefits for the borrowers are pretty obvious: diversify funding in typical project financing-style while promising they “behave environmentally”, using collateral, where it applies, to exploit cheap funding while pushing back debt maturities further out in the duration …

The post Supply...

https://theloadstar.com/supply-chain-radar-the-next-green-puff-its-your-turn-now/

The Daily Dash: DB Schenker’s US plans; Variant’s growth

DB Schenker eyes US trucking market

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, DB Schenker, a leading global logistics player, has its eye set on conquering the U.S. Plus, U.S. Xpress’ CEO sees big things coming for its Variant division, and flatbed operator Daseke reports earnings and issues a mixed outlook for 2021.

A new North American player?

After decades operating a major international freight and warehousing business in the U.S., the logistics division of German rail...

https://www.freightwaves.com/news/the-daily-dash-db-schenkers-us-plans-variants-growth

Supply chain radar: DB Schenker contra mundum – the original sin

The new state aid train has not yet left the station. And whether or not it will, or when, is a massive sticking point for debt-laden Deutsche Bahn, Europe’s largest railway operator and owner of 3PL DB Schenker.
Whose latest sins are in check, all things considered.
No big fuss?
As supply chain pressure built in late Q2 ’20, DB Schenker swiftly turned confrontational, deeply annoying from the outset, one of its chief …

The post Supply chain radar: DB Schenker contra mundum – the original sin...

https://theloadstar.com/supply-chain-radar-db-schenker-contra-mundum-the-original-sin/

Supply chain radar: DB Schenker – Lather, rinse, repeat

At the end of March, state-owned Deutsche Bahn of Germany released a snapshot of its trailing 2019 financial performance, which hopefully will be fully disclosed later next month.
The headline story for the group was:
“Increase in revenues • decrease in profits • DB CEO Richard Lutz: “Investment in the future of rail will take priority in the coming years, which will be visible in our bottom line” • Impact of the …

The post Supply chain radar: DB Schenker – Lather, rinse, repeat appeared first...

https://theloadstar.com/supply-chain-radar-db-schenker-lather-rinse-repeat/

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