News / DHL pulls out of race for DB Schenker as it reports full-year 2023 numbers

DSV is now the remaining 3PL in the bidding for DB Schenker, after DHL said this morning it was not interested in buying its compatriot and, in its earnings call last week, Kuehne + Nagel also said it was not bidding.

DHL, reporting its full-year 2023 results today, said it had a “continued focus on strategic bolt-on acquisitions; hence [the] conscious decision against participation in the Schenker process”.

The firm said it had projected free cash flow to be about €2.75bn ($3bn) in ...