The board of Germany's state-owned Deutsche Bahn railway approved the sale of the logistics subsidiary DB Schenker to the Danish firm DSV on Wednesday. A majority of Deutsche Bahn's supervisory board ...

At its annual press conference on Thursday, the Deutsche Bahn Executive Board announced massive job cuts. “We want to reduce our workforce by around 30,000 full-time employees over the next five years ...

The board will also seek in-principle approval for corporate restructuring, including but not limited to demerger of hotel/hospitality business to unlock growth and value creation for all stakeholders ...

Danish firm DSV is in advanced discussions to buy Schenker, the logistics unit of German state railway Deutsche Bahn (DB) - according to sources at the railway and the government. DSV could finalise ...