Archives



Business, Forwarding, Freight News, Logistics


Schenker hits profit record

[ April 4, 2023   //   ]

Deutsche Bahn (DB) Group said on 30 March that it had achieved an operating profit of almost €1.3 billion and with its logistics and forwarding arm DB Schenker generating its highest profit in its history. – Dr Levin Holle, chief financial officer for the group – which includes the German railways along with other transport interests – said that despite the recent considerable drop in freight rates in air and ocean freight, the logistics subsidiary had shown itself to be in top form, adding: “With the transformation program that DB Schenker launched in 2022, it is setting the way for more steady growth. DB Schenker has the potential to continue delivering excellent results in the coming years.”

Tags: