Deutsche Bahn’s CEO Richard Lutz has stated the firm won’t sell its freight forwarding operation DB Schenker as the needs of its rail customers “do not stop at national borders”. That follows a period of M&A among the forwarders including acquisitions by DSV and CMA-CGM, though most have preferred smaller deals. DB Schenker’s international performance may be weakening – it’s U.S. seaborne imports fell 7.8% year over year in the three months to May 31. The firms leading Europe-based customers including Radex Heraklith – with over 1,5...
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