The two companies will now be managed as a single unit.
'By merging the two companies, we hope to increase our efficiency in serving our customers in the automotive sector. The merger is a response to the industry's greater demand for integrated network solutions for components as well as finished vehicles from a single source,' said Karsten Sachsenr'der, a DB Schenker Rail executive responsible for sales, in a statement.
The two companies are to merge locations and organizations, and the new corporate identity introduced in the first quarter of 2011.
DB Schenker Rail Automotive GmbH will continue to be managed by the Automotive Market Unit at the Europe level of DB Schenker Rail. It comprises four divisions.
The new structure continues to ensure business neutrality through third-party forwarders for the finished vehicle business, DB Schenker said.
DB Schenker Rail moves more than 200 trains per day and more than 3 million finished vehicles a year. Last year it generated 650 million euros.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now