European forwarders set for a bumpy ride in automotive logistics, says Ti
The shift to electric in the automotive sector is harming European forwarders and car-carriers, while ...
© Mohamed Ahmed Soliman
By Alex Lennane
It is heating up. The much-anticipated sale of DB Schenker is slowly but surely making headway, with three banks now appointed, according to Reuters. The process – which could involve private equity, an IPO, or a trade sale – will start in Q3. But the word, according to Reuters, is that the Germans want to create, rather than lose, jobs, which is good news for PE, but bad news for hungry M&A addicts like DSV.
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