Tag: Deutsche Bahn

Stinnes, under takeover bid, reports mid-year profit increase

Posted by | Aug 19, 2002 | |

Stinnes, the Schenker logistics parent group which is under a takeover bid from Deutsche Bahn, a land transport company, has posted Euro 130 million (US$128 million) in mid-year operating profit, a 2 per cent rise from the first six months of 2001.The figures are before adjustment of transfers to provisions of a stock option programme; adjusting for it, the operating profit rose by 20 per cent. External group sales decreased by 8 per cent to Euro 5.9 billion in a weak economic environment and lower prices, Stinnes said.

Read More

Stinnes deal a switch for rail

Posted by | Jul 15, 2002 | |

The recent $2.5 billion bid by Deutsche Bahn, Germany’s state-owned railway, for Stinnes, the country’s top logistics group, was a shot in the arm for Europe’s beleaguered rail freight industry as it struggles to stem a steady loss of traffic to rival transport modes.
The acquisition will triple the volume of Deutsche Bahn’s cargo and logistics traffic, making its freight operations almost as large as its passenger business with around $11 billion in annual revenues.
This is a milestone for Europe’s rail freight which has been an also-ran to the higher profile and more politically sensitive passenger sector.

Read More

Deutsche Bahn launches $2 billion-plus takeover of Stinnes

Posted by | Jul 4, 2002 | |

Deutsche Bahn, the German state-owned railway, launches a $2 billion-plus takeover of freight forwarder Stinnes in a bid to create a new European logistics giant. The purchase of Stinnes, parent of Schenker, one of Europe’s chief integrated logistics providers, from German power utility E.ON will triple Deutsche Bahn’s cargo traffic and add maritime, road and air freight to its core rail operations.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest