DB Schenker sees airfreight bounce back

By Damian Brett

DB Schenker saw its airfreight business bounce back in the first half of the year as its volumes increased by more than 40% thanks in part to an expanded charter network.

The Deutsche Bahn-owned forwarder saw its first-half airfreight volumes increase by 43.8% year on year to 712,100 tonnes led by demand from the electronics, automotive and medical sectors.

Disruption in the ocean freight market also pushed some demand over to air cargo.

The company said that another reasons for the increase in air volumes was the expansion of its air charter network, which helped offset the loss of bellyhold capacity due to the Covid pandemic.

In January, DB Schenker added flights between Munich, Chicago, Tokyo and Seoul, which carried more than 400 tonnes of freight per week in the first half.

As a result of the volume increase and higher rates in both air and ocean, the forwarder’s sea and air business registered a 42.8% year-on-year increase in first-half revenues to €5.5bn and earnings before interest and tax improved by 138% on a year ago to €450m.

In July, Kuehne+Nagel said that its airfreight volumes improved by 44% in the first half while last week DSV noted an improvement of 5.9%.

Share this story

Related Topics

Latest business news

Savino Del Bene to offer Italy-US peak season flights

By Damian Brett

Italian freight forwarder Savino Del Bene will launch a charter operation between the US and Italy in response to capacity…

Read More

Share this story

Could Amazon soon add B777 freighters to its fleet?

By Damian Brett

Ever since Amazon launched its US domestic freighter operation in late 2015 there has been speculation that the company could…

Read More

Share this story

How will the easing of US travel restrictions impact air cargo?

By Damian Brett

The US will remove travel restrictions for many fully vaccinated passengers in a move that could see cargo capacity increase…

Read More

Share this story