DB Schenker Logistics could be partially privatised as part of a restructuring programme by parent group Deutsche Bahn.
In its interim results, the German rail group set out a six point plan to become leaner faster and more customer focused. It said: “The option will be available for DB Arriva and DB Schenker Logistics to be partially privatised to boost strategic development and finance further growth.”
DB expects to save about €700m from the restructuring programme. CEO Rüdiger Grube said: “DB is going to become leaner, faster, more efficient and even more customer focused. Leaner management and structures, and more focus on customers, will enable us to successfully tackle the rapidly changing challenges in the world of mobility and logistics.”
The group said Logistics at DB Schenker grew in the first half of the year. The number of land transport consignments was up 3.8 per cent year on year, Air Freight saw a rise of 1.1 per cent, and Contract Logistics even rose 16.6 per cent. Only Ocean Freight saw a drop: 3.5 per cent in the first half of the year.
Jochen Thewes, currently CEO Region Asia/Pacific at DB Schenker, will be taking over as the CEO of Schenker AG and thus as the head of the DB Schenker Logistics Business Unit on 1st September.