GCTL8.com (FocusAsia Media Ltd)
ESSEN, Feb 16 (FAM) – DB Schenker said it is investing millions to strengthen its strategic collaboration with the US-based online shipping marketplace uShip and press ahead with the digital transformation of its business model. Following a capital increase, the global logistics company is investing US$25 million (roughly EUR 24 million) in the online platform for freight forwarding and transport services.
“Expanding our successful partnership will expedite and streamline transport management and help us, as a market leader in European land transport, to handle even larger volumes of freight,” said Jochen Thewes, CEO of Schenker AG. “We also intend to quickly develop and tap new opportunities to grow outside of our traditional business models.
“This is our largest equity interest in a digital company to date and it shows how serious we are about innovation at DB Schenker. We’re investing in shaping the future of digital logistics,” Thewes continued.