DB SchenkerÃ¢â‚¬™s profits halved in 2009
Full year 2009 results for DB Schenker Logistics – a division of state-owned German rail and logistics group Deutsche Bahn, saw revenue down by 23.4 per cent to Ã¢â€šÂ¬11.3 billion while EBIT fell by 49 per cent to Ã¢â€šÂ¬199 milloin. For the entire group, revenue fell to Ã¢â€šÂ¬29.3 billion, a drop of 12 per cent […]
April 1, 2010
By PLA Editor
Logistics services were impacted by the effects of economic collapse. DB Schenker Logistics posted a 3.8 per cent decline in the volume of shipments transported by its European land transport business in 2009. The decline noted for air freight was notably steeper as the volume of freight transported fell by 16 per cent in comparison to the previous year. Sea freight volumes shipped in 2009 contracted by 2.1 per cent.
TNT ramps up service logistics offering TNT, one of the worldÃ¢â‚¬™s leading express integrators, today announces that it will be expanding its suite of service logistics solutions throughout this year aimed at the hi-tech sector, specifically the consumer electronics, computing and telecommunications industry. TNT also named service logistics specialist Oliver Lemanski to spearhead its aggressive expansion strategy in the service logistics market that is valued at Ã¢â€šÂ¬2.3 billion in Asia Pacific and around Ã¢â€šÂ¬410 million in Southeast Asia alone.