Forget the job losses if DSV takes over DB Schenker — Germany is facing that anyway, at parent Deutsche Bahn.
Following the announcement of a €1bn net loss in the first half, the German rail operator and current owner of Schenker has announced 30,000 job cuts over five years — 9% of the workforce. Mostly administrative, some 1,500 jobs will go this year, according to Reuters.
The half-year health check on the state of the maritime markets finds shipowners in a better place than they anticipated 12 months ago. While tankers will have to wait for a meaningful vaccine-led recovery, box and bulk are booming.
In the first half of 2022, 307,200 TEUs were transported along the China — Europe — China Eurasian railway route, which is 8.7% less than in the same period in 2021.
