Deutsche Bahn to Explore Sale of $21 Billion Logistics Unit

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As part of its efforts to concentrate on its core rail business, Deutsche Bahn is getting ready to sell off its freight forwarding unit, DB Schenker. The fourth-largest air freight forwarder in the world, DB Schenker, has been given by the rail group the task of examining and building the case for a prospective sale of up to 100% of its shares.

“Decisions as to the categorical initiation of a divestment process and the form any sale may take will be made separately at a later date,” the company said. “The objective of the Group strategy, which was launched in 2019, is to shift traffic to environmentally friendly rail, in both passenger and freight transport, and to expand the rail infrastructure in Germany,”

The statement made no mention of the potential sale path, but it is well known that the management of Schenker is not fond of, say, an acquisition by DSV that would effectively exclude it from the competition as a German forward. It is believed that the management views itself as an acquirer of competitors rather than a target for acquisition.

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Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.