Schenker AG

Schenker AG is a German logistics company and a subsidiary of Deutsche Bahn, the German railway company. Within DB Logistics, the logistics branch of Deutsche Bahn, Schenker is responsible for land, sea, and air transport and contract logistics. Rail transport within DB Logistics is done under the Railion brand.

Performance

Schenker has over 59,000 employees at about 1,500 offices around the world and has a turnover of 14.1 billion euros per year.

With Schenker, DB Logistics claims to be
* No. 1 in European land transport
* No. 2 in worldwide air transport
* No. 3 in worldwide sea transport
* No. 3 in integrated part loads shipment in North America
* No. 6 in worldwide contract logistics [http://www.db.de/site/bahn/en/logistics/logistics__bahn/profile/profile.html DB-Konzern - Profile ] ]

History

Gottfried Schenker founded Schenker & Co. in Vienna, Austria in 1872.

In 2003, Schenker became a wholly owned subsidiary of Deutsche Bahn, when DB acquired Stinnes AG.

On 31 January 2006, DB Logistics acquired BAX Global for $1.1 billion and is currently being merged country by country with Schenker.

External links

* [http://www.schenker.com/english/company/structure.html About Schenker from its website]
* [http://www.baxgoesschenker.com 'Bax goes Schenker' campaign on merging Bax Global with Schenker]

References