GERMAN Rail (DB) confirmed following an extraordinary meeting of its supervisory board in Berlin on May 4 that it will proceed with the sale of a minority stake in its international passenger business Arriva and logistics subsidiary DB Schenker, while DB Mobility Logistics (DB ML) will be merged the holding company DB AG.
ANNOUNCING its results for 2015 in Berlin on March 16, German Rail (DB) says revenue increased by 1.9% in 2015 to a record €40.5bn but Ebit plunged by 16.6% to €1.76bn, while DB turned a profit of €988m in 2014 into a loss of €1.3bn in 2015.
SWEDISH open-access operator and traction provider Hector Rail has acquired 15 six-axle class 151 freight locomotives from DB Schenker with the aim of offering railfreight operators a cost-effective alternative to leasing new locomotives.
GERMAN Rail (DB) has recruited investment bank Lazard to explore options for its Arriva passenger rail and bus subsidiary, including a stock market listing, while it is also looking at the future structure of its DB Schenker railfreight division.
EUROPE's largest railfreight market endured a difficult start to 2015 according to first half figures released by Germany's federal statistics agency on September 1, which show volumes fell to 178.3 million tonnes, a 3% drop compared with the corresponding period in 2014.
GERMAN Rail (DB) has launched a major restructuring of its organisation and a reduction in its management team in the wake of an 18.2% drop in Ebit for the first half of 2015, and a 39% fall in after-tax profit from €642m to €391m.