German logistics company
Schenker AG is a German logistics company and a subsidiary of Deutsche Bahn, the German railway company. Within DB Logistics, the logistics branch of Deutsche Bahn, Schenker is responsible for land, sea, and air transport and contract logistics. Rail transport within DB Logistics is done under the DB Schenker Rail brand.
Performance.
Schenker has 86,600 employees, including 13,900 temporary workers at some 2,000 offices around the world and has a turnover of 19.1 billion € per year.
DB Logistics claims to be:
History.
Gottfried Schenker founded Schenker &amp; Co. in Vienna, Austria, in 1872.
In 1931, Schenker was acquired by the German Railways (Reichsbahn). After Hitler came to power in 1933, the Nazis placed Dr. Edmund Veesenmayer, on the board. During the Nazi era, the Schenker Company was "one of the most important enterprises engaged in pillage and plunder during German aggressions and mass crimes throughout Europe in the period from 1938 to 1945."
The Schenker papers, which recorded shipping via Schenker of Nazi looted art, were discovered by British Monuments Man Douglas Cooper and enabled researchers to track down some of the artworks stolen from Jews during the Holocaust.
In 2003, Schenker became a wholly owned subsidiary of Deutsche Bahn, when DB acquired Stinnes AG.
On 31 January 2006, DB Logistics acquired BAX Global for $1.1 billion and is currently being merged country by country with Schenker.
In 2010, DB Schenker opened a major new intermodal transport hub in Salzburg.
DB Schenker launched Schenker Ventures, its own venture capital arm to invest in innovation in the logistics industry, in 2021. The next year, Schenker Ventures announced its first investment in German logistics startup Warehousing1.
References.
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