UPS to cut 20,000 jobs in network reconfiguration
And so it starts. UPS, while announcing a better-than-expected profit, also enthused investors with its ...
By Alex Lennane
Deutsche Bahn today delivered its 2024 results, enjoying the “very favourable” €19.2bn revenue from DB Schenker for the last time.
Announcing a net loss (excluding Schenker’s results) after taxes of €1.8bn, an improvement on 2023’s €2.7bn loss, and revenues broadly flat, at €26.2bn, an embattled DB said it was facing a “serious crisis”, which would in part be alleviated by the sale of its forwarding arm.
“The sale of DB Schenker will reduce our indebtedness and interest burden. This will allow us ...
Comment on this article
Francesco Motka
March 28, 2025 at 6:36 amIt shows that the integration process with DSV will be a very brutal one with DSV scope to aim at an overall 8 to 10% margins in 2026….