News / Schenker still the star performer, but parent DB is finally back in profit

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If the name of the game is moving less cargo at higher prices, then the large forwarders have certainly achieved it.

DB Schenker reported today that volumes in the first half had shrunk by 5.4% in air, 3.4% in sea and 5.5% in land, year on year. Yet total sales increased 35%, to €14.1bn, adjusted ebitda rose 64%, to €1.48bn, and adjusted ebit went up 91.3%, to €1.18bn.

The German forwarder, whose earnings are released as part of parent company Deutsche Bahn’s ...