Significantly more air and sea freight at DB Schenker

At EUR 16.4 billion in revenue for 2017, the company generated an operating profit of EUR 4.77 billion

Significantly more air and sea freight at DB Schenker

At the presentation of the annual balance sheet for 2017, the Deutsche Bahn Group announced a positive development of business at DB Schenker with 71,888 employees worldwide. Despite a strong presence of some competitors, the logistics service provider was able to maintain its market position in European land transport and achieved moderate sales growth to EUR 6.6 billion. The volume transported in Europe increased by 0.8 percent to 100.45 million shipments.

Airfreight volume increased by 10.3 percent to 1.3 million tons. Contract logistics recorded a 4.8% increase in sales to EUR 2.6 billion and now manages 8 million m² of warehouse space worldwide. Sea freight accounts for an 8.1 percent increase in volumes to around 2.2 million TEU compared to the previous year.

 “We have kept word and delivered. However, the pleasing figures cannot hide the fact that we have to improve our quality and punctuality, “said the CEO of Deutsche Bahn, Richard Lutz. DB sales grew slightly year-on-year to EUR 42.7 billion. The operating result (EBIT adjusted) rose by EUR 206 million (+10.6 percent) to EUR 2.15 billion.

Rail freight traffic fell by 2.2 percent to 92.65 billion tonne-kilometers compared to the previous year. With a comprehensive concept for realignment, the DB Cargo freight railway is currently returning to a sustainable track.