DB Schenker Archives - The Loadstar Making sense of the supply chain Tue, 05 Nov 2024 22:24:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 31889032 Aesop’s grape-hungry fox has a lesson for DHL’s dealmakers https://theloadstar.com/aesops-grape-hungry-fox-has-a-lesson-for-dhls-dealmakers/ https://theloadstar.com/aesops-grape-hungry-fox-has-a-lesson-for-dhls-dealmakers/#respond Tue, 05 Nov 2024 12:32:10 +0000 https://theloadstar.com/?p=284264 If you have followed our DeskOne live coverage of the conference call that followed the Q3 24 release of DHL Group’s results today, you may well be aware that headline group numbers were, as expected, broadly in line with preliminary figures released last week.
A couple of substantial add-ons…
… however follow, for your perusal: air freight performance in DHL Global Forwarding (GF) was disappointing in terms of gross profit (GP) per unit, ...

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]]> https://theloadstar.com/aesops-grape-hungry-fox-has-a-lesson-for-dhls-dealmakers/feed/ 0 284264 ‘My Alphabet DSV’ soup https://theloadstar.com/my-alphabet-dsv-soup/ https://theloadstar.com/my-alphabet-dsv-soup/#respond Wed, 30 Oct 2024 12:35:08 +0000 https://theloadstar.com/?p=283756 “If we look at the Schenker integration plans, (…) we prepare as much as we can before we close the [Schenker] transaction. So this means that right now, as you can imagine, there would be some activities that would be in Deutsche Bahn. The carve-out of them is basically sort of taking place right now.”
Those were the remarks of DSV CEO Jens Lund during last week’s call with equity analysts ...

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]]> https://theloadstar.com/my-alphabet-dsv-soup/feed/ 0 283756 Keep on trucking with DSV Schenker? Let’s hope so… https://theloadstar.com/keep-on-trucking-with-dsv-schenker-lets-hope-so/ https://theloadstar.com/keep-on-trucking-with-dsv-schenker-lets-hope-so/#respond Thu, 10 Oct 2024 12:12:45 +0000 https://theloadstar.com/?p=282342 While DSV CEO Jens Lund today, following another Dkr1,563.5-52-week high on the stock market a day earlier…
… shared on LinkedIn the latest… “pleasure” he felt “welcoming” Schenker CEO Jochen Thewes “to our headquarters in Hedehusene Denmark” recently…  “for a positive discussion about the future”…
… with focus*… “on how we can best leverage the strengths of our people, networks, and capabilities to maximise benefits for our customers and employees”…
(*I figured the ...

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]]> https://theloadstar.com/keep-on-trucking-with-dsv-schenker-lets-hope-so/feed/ 0 282342 Why I’ll miss the ‘defiantly brazen’ Schenker  https://theloadstar.com/why-ill-miss-the-defiantly-brazen-schenker/ https://theloadstar.com/why-ill-miss-the-defiantly-brazen-schenker/#respond Mon, 07 Oct 2024 11:08:40 +0000 https://theloadstar.com/?p=282054 The picture heading this article forever memorialises a sad day for Panalpina’s long-term staff, customers – and even us in the media. 
And now it’s going to happen again, as the ‘pac-man’ that is DSV swallows up DB Schenker. 
The world of logistics seems to be split into two about this  – which is even true in the microcosm of The Loadstar office. There are those who think the DSV takeover of ...

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]]> https://theloadstar.com/why-ill-miss-the-defiantly-brazen-schenker/feed/ 0 282054 DSV narrows earnings guidance, launches €5bn equity funding backing Schenker purchase https://theloadstar.com/dsv-narrows-earnings-guidance-launches-e5bn-equity-funding-backing-schenker-purchase/ https://theloadstar.com/dsv-narrows-earnings-guidance-launches-e5bn-equity-funding-backing-schenker-purchase/#respond Thu, 03 Oct 2024 16:16:23 +0000 https://theloadstar.com/?p=281936 DSV updates the market saying that based on the preliminary earnings estimates for the first nine months of 2024 and expectations for the rest of the year, it is narrowing the full-year Ebit guidance for 2024 as follows:
“EBIT before special items is now expected to be in the range of DKK 16,000-17,000 million (previously DKK 15,500-17,000 million).”
Q3 24 interims are expected on 23 October.
In a separate announcement, the Danish forwarder ...

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]]> https://theloadstar.com/dsv-narrows-earnings-guidance-launches-e5bn-equity-funding-backing-schenker-purchase/feed/ 0 281936 Mr Market votes on ‘better vs bigger’ in forwarding https://theloadstar.com/mr-market-votes-on-better-vs-bigger-in-forwarding/ https://theloadstar.com/mr-market-votes-on-better-vs-bigger-in-forwarding/#respond Thu, 03 Oct 2024 11:02:56 +0000 https://theloadstar.com/?p=281831 It doesn’t matter what executives say when Mr Market is the ultimate judge of corporate strategy, capital allocation and value.
So…
Yesterday, 24 hours after the CEO of Kuehne + Nagel* remarked that growth is about “becoming better, not necessarily bigger”, it was the turn of the DSV chief to cheer at the vote of confidence that Deutsche Bahn’s supervisory board gave the forwarder he leads.
(*Which will likely be dethroned at the ...

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]]> https://theloadstar.com/mr-market-votes-on-better-vs-bigger-in-forwarding/feed/ 0 281831 Here’s how the DSV-Schenker integration favours Schenker https://theloadstar.com/heres-how-the-dsv-schenker-integration-favours-schenker/ https://theloadstar.com/heres-how-the-dsv-schenker-integration-favours-schenker/#respond Thu, 03 Oct 2024 10:30:16 +0000 https://theloadstar.com/?p=281675 (This is the first column written for Premium by a veteran of transport and logistics, writing for us under the nickname of Mr Vol)  
 
Five years ago, Jens Bjørn Andersen (pictured below) mentioned that his ultimate goal was for DSV to buy DB Schenker (DBS) before his retirement. UTi Worldwide, Panalpina and Agility GIL were, all combined, the entrance ticket to be able to do so.
The disclosure of his departure took ...

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]]> https://theloadstar.com/heres-how-the-dsv-schenker-integration-favours-schenker/feed/ 0 281675 Supervisory board of Deutsche Bahn approves sale of logistics subsidiary DB Schenker to DSV https://theloadstar.com/supervisory-board-of-deutsche-bahn-approves-sale-of-logistics-subsidiary-db-schenker-to-dsv/ https://theloadstar.com/supervisory-board-of-deutsche-bahn-approves-sale-of-logistics-subsidiary-db-schenker-to-dsv/#respond Wed, 02 Oct 2024 12:35:34 +0000 https://theloadstar.com/?p=281794 Supervisory Board of Deutsche Bahn AG approves sale of logistics subsidiary DB Schenker to DSV
Chairman of the DB Supervisory Board Gatzer: “Important milestone for DB” • CEO of Deutsche Bahn Lutz: “DB Group focuses on the core business and the structural modernization of Deutsche Bahn”
(Berlin, October 2, 2024) Today, the Supervisory Board of Deutsche Bahn AG approved the sale of DB Schenker to the Danish transport and logistics group DSV ...

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]]> https://theloadstar.com/supervisory-board-of-deutsche-bahn-approves-sale-of-logistics-subsidiary-db-schenker-to-dsv/feed/ 0 281794 Deutsche Bahn supervisory board approves DSV bid for DB Schenker https://theloadstar.com/deutsche-bahn-supervisory-board-approves-dsv-bid-for-db-schenker/ https://theloadstar.com/deutsche-bahn-supervisory-board-approves-dsv-bid-for-db-schenker/#respond Wed, 02 Oct 2024 12:35:19 +0000 https://theloadstar.com/?p=281790 Deutsche Bahn’s supervisory board, in an extraordinary meeting, has approved the sale of DB Schenker to DSV.
In a statement just issued, the rail company added that the German federal government had also approved the transaction, expected to complete some time next year after all regulatory approvals have been obtained.
Including the “expected interest income until closing”, the total sale value could be up to €14.8bn ($16.37bn).
“The sale of DB Schenker marks ...

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]]> https://theloadstar.com/deutsche-bahn-supervisory-board-approves-dsv-bid-for-db-schenker/feed/ 0 281790 RTR: Deutsche Bahn supervisory board clears sale of Schenker to DSV, sources say https://theloadstar.com/rtr-deutsche-bahn-supervisory-board-clears-sale-of-schenker-to-dsv-sources-say/ https://theloadstar.com/rtr-deutsche-bahn-supervisory-board-clears-sale-of-schenker-to-dsv-sources-say/#respond Wed, 02 Oct 2024 12:25:25 +0000 https://theloadstar.com/?p=281785 REUTERS reports:
The supervisory board of German state railway operator Deutsche Bahn has approved the sale of its profitable logistics unit Schenker to Denmark’s DSV (DSV.CO), opens new tab, board sources said on Wednesday, batting away pushback from spurned bidder CVC.
The Danish company agreed to buy Schenker for 14.3 billion euros ($15.8 billion) in a deal that Deutsche Bahn hopes will allow it to concentrate on improving Germany’s railway infrastructure and ...

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]]> https://theloadstar.com/rtr-deutsche-bahn-supervisory-board-clears-sale-of-schenker-to-dsv-sources-say/feed/ 0 281785