DSV narrows earnings guidance, launches €5bn equity funding backing Schenker purchase
DSV updates the market saying that based on the preliminary earnings estimates for the first ...
The DB Schenker story is well known by executives in the transport and logistics market. State-owned, the German 3PL shines neither for transparency, anywhere, nor for staggering financial performances in a few places worldwide.
Enter the American dream.
On the road to glory: stumbling block
Corporate affairs in mighty Deutschland can often be disheartening for deal-makers, given the typical barriers as far as even mildly aggressive corporate and capital deployment strategies are concerned, until the time is right. Being based in Essen like ...
Comment on this article
Sidney Sherrill
June 30, 2020 at 2:27 pmDBS might have screwed up long ago in the Americas when they cut their intra-U.S. network out (even though they now want to rebuild one). When they bought BAX Global years ago, they had the chance to make a huge splash. Granted, the recession didn’t help any in ’08/’09. It would be interesting to see what the numbers were when they disbanded the internal trucking network for the U.S. and how that has effected their U.S. performance.
I left BAX before everything finished merging (middle ’06). People have come and gone, though still know some people that have stayed through the whole time. I know some were sad with the way DBS changed many things. It came more of a giant conglomerate instead of a people company the way BAX was. Though BAX had changed to some degree over the years, just with who controlled them.
Great article. We will see if DBS can bring it back around in the Americas.
Alessandro Pasetti
June 30, 2020 at 4:40 pmGreat feedback, Sidney, many thanks.