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The Independent UK
The Independent UK
National
Via AP news wire

German railway operator Deutsche Bahn launches effort to sell logistics unit Schenker

Copyright 2022 The Associated Press. All rights reserved

Germany's main national railway operator, Deutsche Bahn, on Tuesday launched an effort to sell its logistics unit, DB Schenker, as the company seeks to concentrate on its core business at home.

Schenker has about 76,600 employees in more than 130 countries and for years generated high profits, helping push Deutsche Bahn into the black. The state-owned parent company describes it as one of the world's top four logistics firms.

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