DB Schenker sharpens automotive focus

The Abu Dhabi state investment fund (ADQ) is likely to make a bid for the German forwarding and logistics giant

The Supervisory Board of DB AG has finally given the go-ahead for management to seek prospective buyers for the company

DFDS, which operates one of the most extensive freight and passenger ferry networks in the North Sea, Baltic Sea and eastern Mediterranean regions, is spending approximately €200M to buy Tarifa (Spain)-based FRS Iberia/ Maroc, a leading operator of ferry services across the Gibraltar Strait. FRS operates seven vessels on three services across the Gibraltar Strait, linking Algeciras and Tanger Med, Algeciras and Ceuta, and Tarifa
and Tanger Ville.

Kuehne+Nagel has acquired Morgan Cargo, expanding its perishables network and connectivity for customers to and from South Africa, UK and Kenya.

Deutsche Post’s freight business, DHL Global Forwarding, could integrate large acquisitions, the head of the unit, told Reuters last Wednesday, adding that if Deutsche Bahn’s Schenker business is put up for sale, the company would have to see if it “would be a good fit”

Shippers and forwarders organisations are calling for improved standards of data protection and confidentiality in digital trading and booking systems.