July 26, 2017 2:17 PM ET

Air Freight and Logistics

Company Overview of Schenker AG

Company Overview

Schenker AG provides transportation and logistics services in Germany and internationally. The company offers rail freight, land transport, air freight, ocean freight, contract logistics/supply chain management, and lead logistics services; and logistics for global projects, oil and gas products, fairs and exhibitions, sports and event, and removals. It serves automotive, building materials, chemicals, consumer, electronics, healthcare/pharmaceuticals, industrial, metals and coal, retail, marine parts, semiconductors/solar, and beverage industries. The company was founded in 1872 and is based in Essen, Germany. Schenker AG operates as a subsidiary of DB Mobility Logistics AG.

Alfredstraße 81

Essen,  45130

Germany

Founded in 1872

Phone:

49 201 8781 0

Fax:

49 201 8781 8495

Key Executives for Schenker AG

Chairman of Management Board and Chief Executive Officer
Age: 46
Chief Financial Officer and Member of Management Board
Age: 53
Head of The Intermodal Industry Sector and Member of The Management Board
Age: 54
Head of Communications Transportation and Logistics/International
Member of Management Board for Human Resources
Age: 48
Compensation as of Fiscal Year 2017.

Schenker AG Key Developments

MAN Truck & Bus and DB Schenker Signs Cooperation for Networked and Autonomous Driving at Transport Logistic

MAN Truck & Bus and DB Schenker signed the cooperation for networked and autonomous driving at transport logistic. High-tech trucks on the highway: the new project by DB Schenker and MAN is the first time that a logistics company and a vehicle manufacturer have cooperated to develop networked truck convoys for use in the logistics business. The two companies signed a cooperation agreement on this technology, also known as platooning, at the transport logistic in Munich today. For the first time, truck platoons will be tested for several months in an authentic road traffic environment as part of DB Schenkers regular business operations. Another first is that instead of test drivers at the wheel, the vehicles will be steered by professional truck drivers. During the test phase, which will begin in spring 2018, DB Schenker and MAN will operate platoons on the Digital Motorway Test Field on the A 9 motorway between the DB Schenker branches in Munich and Nuremberg. Each platoon will consist of two trucks. To begin with, the trucks will run without a load, so that the driving conditions can be tested in ordinary traffic situations and the drivers trained in how to operate the vehicles. This will also give them the chance to learn the special driving techniques. This will be followed by weekly and later daily test runs. During the course of 2018, the tests will move on to regular trips carrying real freight, with the platoons running between the DB Schenker logistics centres in Munich and Nuremberg up to three times a day.

Deutsche Bahn Plans For Partial Privatization of Arriva and Schenker

Deutsche Bahn AG seeks to partially privatize Schenker AG and Arriva plc due to Britain's decision to exit the European Union, its Chief Executive said. Deutsche Bahn's management will tell the company's supervisory board at a meeting on December 14, 2016, "We cannot recommend a stock market flotation based on the current assessments," German news agency DPA quoted Ruediger Grube. German daily Handelsblatt reported in September that Deutsche Bahn was dropping its plans for an initial public offering, citing a supervisory board member. Deutsche Bahn had planned to float up to 45 percent of Arriva, as well as part of its logistics unit Schenker.

Oliver Seidl Joins Management Board of Schenker AG as Chief Financial Officer

Oliver Seidl to join the Management Board of Schenker AG in Essen as the new Chief Financial Officer following his appointment by the Supervisory Board of the company at its meeting. At the company, Seidl will be succeeding Lutz Freytag, CFO of many years. Freytag has chosen to leave the company on November 30, 2016 to tackle new challenges and dedicate more time to his personal pursuits.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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