All DB Schenker articles
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NewsDB Schenker launches Ezhou-Frankfurt air cargo route
German freight forwarder DB Schenker has launched a new air cargo route between Ezhou in China and Frankfurt in Germany to help it develop business in China
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NewsAir Cargo News’ most read stories in 2024
2024 was a better than expected year for air cargo, according to many stakeholders in the industry. E-commerce and Red Sea-related sea to air demand helped push up volumes, although there were also plenty of challenges throughout the year. Not unexpectedly, the sale of DB Schenker, a milestone e-commerce flight ...
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NewsDSV raises €5bn to part fund Schenker acquisition
DSV has raised €5bn through a share sale to help fund its €14.3bn purchase of DB Schenker.The "oversubscribed" offering was made to institutional investors in Denmark and internationally at market price and without pre-emption rights to DSV’s existing shareholders."The proceeds from the offering will be used to partly finance the ...
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InsightsHeavylift supply chains thrive
Moving outsize and extremely heavy loads by air is a specialist business and a thriving one, according to the carriers, freight forwarders and handlers that are experts in the sector. Qatar Airways Cargo operates a fleet of 28 dedicated Boeing 777 freighters, which offer the specialised capability to transport a ...
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NewsDeutsche Bahn approves sale of DB Schenker to DSV
Deutsche Bahn has approved the sale of its freight forwarding business DB Schenker to transport and logistics group and fellow forwarder DSV. Denmark-based DSV confirmed last month that it had agreed to buy Germany headquartered DB Schenker from state-owned railway firm Deutsch Bahn for €14.3bn, but the deal still needed ...
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Union to vote against DSV's proposed take over of DB Schenker
Railway and transport union EVG is reportedly planning to vote against the sale of forwarder DB Schenker to DSV later this week.On Wednesday, the supervisory board of Schenker parent Deutsche Bahn is due to meet to vote on DSV's proposed €14.3bn deal to acquire the forwarder.However, publication Frankfurter Allgemeine Zeitung ...
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CVC offers to increase bid for DB Schenker
The private equity consortium led by CVC has reportedly launched a last-ditch effort to beat DSV in the race to buy DB Schenker despite the Danish forwarder having signed a €14.3bn take over deal last week.News agencies Reuters and Bloomberg are both reporting that CVC has written to Schenker parent ...
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S&P revises DSV's A- rating outlook to negative following Schenker deal
Credit ratings agency S&P has re-affirmed the forwarder's current credit rating of A- but revised its outlook to negative due to the risks associated with its planned €14.3bn take over of German logistics giant DB Schenker.S&P said that its decision to revise the firm's outlook from stable to negative reflects ...
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NewsDSV signs deal to takeover DB Schenker and create world's largest forwarder
DSV has confirmed reports that it has signed a deal to take over German logistics giant DB Schenker in a move that will create the world's largest freight forwarder.In an update issued this morning, the Danish forwarder said it had agreed to buy DB Schenker from state-owned railway firm Deutsch ...
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NewsReports: DSV set to win the race to buy DB Schenker
DSV has reportedly won the race to purchase DB Schenker in a $14bn deal that would create the world's largest freight forwarder.Newswire Reuters said that the Danish forwarder had beaten off competition from a CVC-led private equity consortium to buy Schenker, with the deal to be signed off in the ...
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NewsE-commerce fuelled capacity crunch to continue
Air cargo looks set to continue its precedent-setting volume growth driven by booming e-commerce and have a long-term bright future despite a looming capacity crunch, a keynote speaker at the EU Cross-Border E-commerce Forum, held in Liege, Belgium on September 10, said.“We had eight straight months of double-digit growth,” Ryan ...
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Reports: DSV outlines job and investment plans if it lands DB Schenker
DSV has reportedly outlined how it would protect jobs and invest in DB Schenker following a leading German union expressing concern over job losses if the Danish forwarder is successful in its takeover bid.Last week German trade union Ver.di is said to have written to the Deutsche Bahn board suggesting ...
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Leading German union backs CVC bid for DB Schenker
Leading German trade union Ver.di has reportedly given its backing to the CVC-led private equity consortium bidding to take over DB Schenker over fears of job losses should DSV be successful.According to Bloomberg, research from the union has indicated that more jobs would be lost at the forwarder because the ...
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Reports: DSV and CVC bid €14bn for DB Schenker
DSV and a private equity consortium led by CVC have reportedly individually put in binding bids of around €14bn for DB Schenker.This is according to people familiar with the matter, Bloomberg has reported as the race to buy Deutsche Bahn’s freight forwarding subsidiary has narrowed to just the two bidders ...
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NewsDB Schenker expands digital booking capability with cargo.one partnership
Credit: DB Schenker/Michael NeuhausDB Schenker has expanded the number of airlines it has digital connectivity to for online bookings through a new partnership with cargo.one.The forwarder has in recent months been creating API connections with a series of its airline partners as it looks to create efficiencies in the booking ...
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DB Schenker the bright spot for Deutsche Bahn
DB Schenker was the star performer for loss-making Deutsche Bahn in the first half of the year despite operating profits and revenues coming under pressure.The German forwarder registered a 6.6% year on year decline in first-half revenues to €9.4bn, while adjusted earnings before interest and tax declined 16.9% to €520m ...
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NewsDB Schenker signs "record breaking" SAF deal with Cathay Pacific
Source: Cathay PacificDB Schenker has become the largest contributor to Cathay Pacific's Sustainable Aviation Fuel (SAF) programme.The German forwarder has committed to buy 878 tonnes of SAF from the airline as part of its largest deal to date.The SAF used for the arrangement with DB Schenker is derived from waste ...
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NewsTop 25 air forwarders: K+N keeps the lead in a tough year for airfreight
Kuehne+Nagel (K+N) maintained its position as the world’s leading airfreight forwarder in 2023 ahead of DHL Global Forwarding despite overall market volumes coming under pressure (full chart at end of article).Figures produced by consultant Armstrong and Associates show that top air forwarder K+N last year saw its cargo volumes decline ...
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Maersk withdraws bid for DB Schenker
A.P. Moller-Maersk has withdrawn its bid to buy DB Schenker, leaving just three bidders remaining in the acquisition race.The shipping giant said in a statement shared with Air Cargo News that it made the decision to quit the acquisition process for Deutsche Bahn's freight forwarding subsidiary after it concluded that ...
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Deutsche Bahn selects the final four DB Schenker bidders
Deutsche Bahn has narrowed the number of potential buyers of freight forwarding subsidiary DB Schenker down to four bidders that have now been invited to make binding offers.According to Reuters, the German rail giant has selected Maersk, DSV, Saudi shipping company Bahri and a private equity consortium led by CVC.Deutsche ...