Wulf Bernotat, chairman of Stinnes AG, the parent
company of Schenker, said that the German group is looking for acquisitions in the U.S.
and the United Kingdom in the transportation sector.
Bernotat did not give details on the potential takeover targets.
Schenker acquired BTL, the Scandinavian company previously known as Bilspedition, in
Feburary.
The takeover plan announced by the Stinnes/Schenker group is the latest
move by major European forwarding and logistics groups to buy into the U.S. transport and
logistics market. It follows the acquisition of Air Express International by the Deutsche
Post/Danzas group and the takeover of EFL Transportation by Tibbett and Britten.
Schenker recently announced an alliance with Japan’s Seino
Transportation.
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.
F3 Awards Dinner
The 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.
F3: Future of Freight Festival
Industry-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 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