DB Schenker sale gets go-ahead
NewsThe Supervisory Board of Deutsche Bahn AG has mandated the Management Board to draw up and prepare the sale of up to 100% of DB Schenker AG
Last year Intercontainer-Interfrigo (ICF), the pan-European intermodal rail operator, decided to cut several shuttle services on Western European routes, which have failed to fulfil the required profitability criteria, namely those linking Belgium with Italy, Spain and France.
The services were introduced only last winter as part of a new system aimed at reducing costs. A further 40 jobs are going at ICF’s Basle headquarters as a result of the downsizing.
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This complete item is approximately 250 words in length, and appeared in the June 2005 issue of WorldCargo News, on page 14. To access this issue download the PDF here.
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