Deutsche Bahn is cautiously optimistic for transport and logistics

DB Schenker Logistics: differently developing divisions in the financial year 2012; increases in contract logistics and ocean freight
 
DB Schenker Logistics’ annual report 2012 shows an uneven development of transport and logistics business. While the volume of shipments transported in the European land transport segment remained almost unchanged – declining by 0.5 per cent over the course of the year to about 95.33 million shipments – the volume of air freight shipments dropped by 4.7 per cent to about 1.1 million tonnes. The ocean freight segment in contrast posted an 8.1 per cent increase in shipping volumes to 1.9 million TEU. The dynamic pace of growth noted for the contract logistics area of business remained intact as revenues surged by 17.7 percent.
 
DB’s rail freight transport business faced major challenges, including structurally related issues, last year. Volumes sold in the rail freight transport segment contracted by 5.4 per cent to 105.9 billion ton kilometers due to weaker economic conditions. They carried 398.7 million tonnes of cargo, which means a 3.1 per cent decline year-on-year.
 
DB’s group revenues rose by EUR 1.4 billion (+3.7 per cent) over the same year-ago period to EUR 39.3 billion, while the adjusted EBIT figure increased by EUR 399 million (+17.3 per cent) to EUR 2.7 billion in 2012. Net capital expenditures grew by 35.7 per cent, or EUR 918 million, to EUR 3.5 billion. Dr. Richard Lutz, DB CFO, noted: “All our business units are profitable. Even if some uncertainties remain for 2013, we remain cautiously optimistic for the current year.”