Deutsche Bahn sees Schenker sale as key to recovery from 'crisis'
Deutsche Bahn today delivered its 2024 results, enjoying the “very favourable” €19.2bn revenue from DB ...
The flower business may have given Panalpina a boost, but the forwarder has been forced to retreat from dwindling oil and gas moves, cutting staff, according to its latest results.
Announcing gross profit of Sfr736.3m ($745.8m) for the first half of this year, broadly flat with last year, according to CEO Peter Ulber the company took a restructuring hit of Sfr26m ($26.3m) to allow it to “realign our capacities with the current volumes and not wait for the market to recover”.
He added: “During ...
European port congestion now at five-to-six days, and getting worse
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