DB Schenker reports air and ocean freight growth but revenues down

Lloyds Loading List has reported that DB Schenker’s freight forwarding arm saw volume growth, but revenue falls in 2016. Air freight tonnages were up 4.5%, while sea freight was up 3.3% ? but revenues dropped 7.5% to €6.26bn. Revenue from overland services was flat. Contract logistics recorded the best performance, with revenues up 5.6%. The figures are only available within parent company Deutsche Bahn’s results.