DB and Lufthansa reach settlement over price-fixing saga

The long running air cargo price-fixing cartel edged closer to resolution this week, as Deutsche Bahn and Lufthansa reached an undisclosed settlement for the carrier’s alleged participation in a price-fixing cartel that operated between 1999-2006.   When Deutsche Bahn first filed the claim to German courts in 2013, it sought more than US$1.5 billion in damages from 11 carriers that had been found guilty by the U.S. […]
  • Charles Kauffman
  • August 28, 2019

DB Schenker unveils connect 4.0 shipping platform in the U.S. 

Today, DB Schenker announced the launch of its new, digital “connect 4.0” shipping portal in the United States.  The connect 4.0 platform expands on the capabilities of DB Schenker’s current online platform, eSchenker, and now allows shippers to receive quotes for air or ocean shipments, and to book and track these shipments from pickup to delivery at all times. The new portal […]
  • Chelsea Toczauer
  • July 29, 2019

DB Schenker parent reports jump in net financial debt, capex for 1H19

Today, DB Schenker parent, Deutsche Bahn AG, released its preliminary figures for the first half of 2019 that showed a large increase in net financial debt and capital expenditures, and mixed results among its subsidiaries, DB Schenker and DB Cargo.  DB’s net financial debt rose to US$18.3 billion (€25.4 billion) as of June 30, 2019, up […]
  • Chelsea Toczauer
  • July 25, 2019

DB Schenker receives U.S. Transportation Command contract

This week, DB Schenker announced its award of a Global Heavyweight Service contract with the U.S. Transportation Command. Under the three-year contract for ground service handling, which began two months earlier, DB Schenker works in a team arrangement with Delta Air Lines to bid on contracts for the U.S. Department of Defense (DOD) and other […]
  • Brianne Ledda
  • June 28, 2019

DB Schenker to launch ORD-SYD freighter service

International logistics company DB Schenker has added a weekly 777 freighter service from Chicago (ORD) to Sydney (SYD) to its service portfolio. The company said the service will address demand for time-sensitive shipments of automotive, industrial and healthcare industry products, as well as heavy and outsized goods. Starting March 11, the direct service will depart […]
  • Nina Chamlou
  • March 6, 2019

DB Schenker to acquire New Zealand partner SB Global Logistics

A long-standing New Zealand logistics partnership is taking its relationship to the next level, as SB Global Logistics announced it will be acquired by DB Schenker as of Sept. 24. “DB Schenker NZ has enjoyed a 20-year relationship with SB Logistics, from which we have seen both companies grow together off the back of mutual […]
  • Caryn Livingston
  • August 30, 2017

DB Schenker makes deeper digital investment in uShip

Nine months after purchasing the exclusive European rights to uShip’s transportation management software (TMS), DB Schenker has increased its commitment by investing US$25 million into the U.S.-based online shipping marketplace. The investment is “the largest equity interest in a digital company to date,” said Jochen Thewes, CEO of Schenker AG. “It shows how serious we […]
  • Lewis King
  • February 15, 2017

DB Schenker consolidates Air Freight, Ocean Freight and Land Transport Board Divisions

DB Schenker is consolidating its Air Freight, Ocean Freight and Land Transport Board Divisions to create a new division named, simply, Freight. Under the leadership of Ewald Kaiser, currently a member of the management board for land transport, DB Schenker hopes to bring the three product areas closer together to “improve integrated transport products and […]
  • Lewis King
  • December 13, 2016

DB Schenker betting on U.S.-Mexico trade with Texas border facility

While politicians bluster, cross-border trade between Mexico and the United States continues at a brisk pace as Mexico’s manufacturing sector capitalizes on strong demand for nearshoring from the U.S. A new DB Schenker warehouse, located at the Killiam Industrial Park in the border town of Laredo, Texas, is part of the German company’s efforts to […]
  • Lewis King
  • September 13, 2016

Dubai: Building the cargo city of tomorrow

If you were given almost unlimited space and funds to design an airport, what would it look like? How much greater efficiency would your operation enjoy, if you could plan where your warehouses and sorting areas are sited before a runaway is even paved? This may be a fever dream for many logistics professionals, but […]
  • Lewis King
  • September 6, 2016

DSV’s 2015 ended on a high note

According to CEO Jens Bjørn Andersen 2015 was a good year for DSV, one of the first major logistics companies to report financial data for the full year. Andersen said DSV gained market share across all business segments, delivering strong growth in earnings and cash flow. Net revenue of US$7.7 billion was up 4.7 percent […]
  • Staff Reports
  • February 15, 2016

DB Schenker to expand road network with Redhead

To increase its land network in the United Kingdom, DB Schenker Logistics is purchasing U.K. logistics company, Redhead International. Schenker will acquire 75 percent interest in Redhead early in 2016, with the remaining 25 percent to be acquired after four years per a contractual obligation. The new organization, once approved, is expected to operate more […]
  • Staff Reports
  • December 16, 2015

DSV acquisition of UTi looks like a go for 2016

  If at first you don’t succeed… For the second time in the last 12 months, Danish logistics group, DSV, has made a bid to to acquire U.S.-based UTi Worldwide. This time, the offer was accepted, for US$1.35 billion, or $7.10 cash per each UTi share, representing a 50 percent premium relative to UTi’s closing […]
  • Staff Reports
  • October 9, 2015

Freighter influx fails to clear Vietnamese backlogs

Freighter operators looking for markets to fill their planes at juicy rates could do worse than head for Vietnam – provided they can fly past bureaucratic hurdles. Vietnam’s airfreight market is on a roll, fueled by surging exports. According to consulting firm IMA Asia, the country enjoyed double-digit growth in exports in each of the […]
  • Ian Putzger
  • July 6, 2015
Page 1 of 3123 »