DB Schenker increased revenue by 32.7 percent in 2021

Logistics company DB Schenker, part of Deutsche Bahn and rumored for sale, had a major increase in results for 2021 in line with several competitors. Accounts show a large surge in air freight volumes but a decline at sea.

Photo: Marvin Ibo G'ng'r/AP/Ritzau Scanpix

German logistics group DB Schenker, a subsidiary of German state railway company Deutsche Bahn, finishes 2021 with record results.

In 2021, the logistics division generated revenue of EUR 23.4bn, up 32.7 percent from the previous year, according to Deutsche Bahn’s annual report.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Borr Drilling sells three rigs

Rig firm Borr Drilling divests three rig newbuilds that Keppel is building. The sales play an important part in Borr Drilling’s efforts to secure refinancing.

New acquisitions to ensure SDK Freja achieves target for 2025

SDK Freja, owned by Torben Østergaard-Nielsen’s USTC group, plans to buy up companies in shipping and logistics to achieve its growth target of a revenue post at DKK 8-10bn. Acquisition prices have shown a declining trend, CEO tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs