Events after the balance sheet date
APPROVAL FOR ICE TRAINS IN THE CHANNEL TUNNEL
On July 12, 2011, DB ML Group applied for fundamental approval from the responsible authority to send its ICE trains through the Channel Tunnel. An independent audit has confirmed the necessary characteristics of the vehicles as safety-compliant. Because of the extensive preliminary work that has now been completed, we are optimistic about obtaining fundamental approval for the ICE trains this summer. Additional approval steps are still required before the start of service.
DB SCHENKER REORGANIZES DOMESTIC DISTRIBUTION IN NORTH AMERICA
DB Schenker Logistics will reorganize its domestic distribution business in the United States, Canada and Mexico. However, this decision does not mean a withdrawal from the US market, where DB Schenker Logistics generates about USD 3 billion in revenues annually. In total, the activities affected by this decision make up less than ten percent of American business for DB Schenker Logistics. The reasons for redirecting the business, which was added in 2006 with the acquisition of BAX Global, are the weak economic development in America and the concurrent rise in fuel costs.
The domestic American distribution business consists of an air freight network that previously operated 20 planes, as well as a land transport system with up to 2,000 departures a day.
Last modified: 04.08.2011