DB: upswing in logistics, rail volume falls
With an ebit of EUR 538 million, DB Schenker achieved record results in 2019 for the third year in a row. With the exception of air freight, which saw declines throughout the industry, all business sectors showed improved figures last year.
DB Cargo's transport volume fell by 3.7% year on year. Because demand in cyclical sectors such as steel and automotive is declining, it is likely that sustained growth in railfreight will still take some time despite all efforts, said the German holding company DB.
Nevertheless, DB Cargo customer service fielded some 1.9 million customer orders in 2019. Over 60% of the services run by DB Cargo cross at least one national border. (ben)