There will be little good news when the 20 members of Deutsche Bahn’s supervisory board sit down for their regular meeting on Wednesday. The businesses of the state-owned rail company are in poor shape, and its restructuring plans are still in their early stages.
But in the midst of Deutsche Bahn’s troubles, there is promising news coming from subsidiary Schenker Logistics. The company that handles freight traffic by air, sea and road will be getting into the parcel business in 2016 after letting the online boom more or less pass it by.
“Driven by e-commerce, the European parcel market offers excellent growth opportunities,” Schenker boss Ewald Kaiser told Handelsblatt.
Schenker believes it can reach a business volume in the hundreds of millions of euros, but doesn’t want to run the complicated business itself. That’s why the company is partnering with GLS, an Amsterdam-based parcel service and subsidiary of the United Kingdom’s Royal Mail. In return, Schenker will take over GLS’s general bulk cargo shipping business.