DSV completes DB Schenker buy as it notes strong Q1 performance by Air & Sea
Danish 3PL DSV formally completed its €14.3bn ($16.3bn) acquisition of German peer DB Schenker today, ...
Air cargo handler Swissport has acquired rival Apron GmbH in Stuttgart, making the city its second largest German hub after Frankfurt.
The acquisition gives it a “large scale cargo warehouse” and is expected to bring in additional cargo revenue in Germany of nearly 20%.
“The expansion of our cargo services to Stuttgart underlines our growth ambitions in the air cargo segment,” said Willy Ruf, senior vice president for Germany, Austria and Switzerland at Swissport.
“Thanks to the direct tarmac access of the Stuttgart cargo facility, cargo ...
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