deutschebahn
German state-owned railway Deutsche Bahn has narrowed the list of potential buyers for freight logistics subsidiary DB Schenker down to four, sources familiar with the deal told dpa on Friday. The potential bidders include private equity investors and companies from Europe and the Middle East, the sources said. Deutsche Bahn has put DB Schenker up for sale and solicited non-binding bids for the subsidiary. The remaining four potential buyers will now be provided more detailed information about DB Schenker's operations and financials before taking the next step of submitting binding offers. Det...
DPA
Germany's state-owned railway operator Deutsche Bahn plans to use transparent noise barriers in cities and on scenic routes in future. Passengers will be able to enjoy a view of the countryside with the transparent plastic wall elements, while residents will no longer have to live with grey walls on their doorstep, Deutsche Bahn said on Wednesday while announcing the new plans. The company presented a corresponding model at the Greentech Festival technology trade fair in Berlin. The first barriers are to be set up along the new S4 suburban railway line in Hamburg this year, the company said. T...
DPA
Last year, the German state-owned rail operator Deutsche Bahn auctioned off hundreds of abandoned bicycles. "There are an estimated 2,700 found bicycles at and in our 5,400 railway stations every year," explained a Deutsche Bahn spokeswoman when asked by dpa. Around half of them are auctioned off after being held for at least 10 weeks. The price the bike fetches at the on-site auction in Berlin-Lichtenberg, for example, depends on the type of bike and its condition. The average auction proceeds are €60 ($64.65) per bike, the spokeswoman said. However, e-bikes have also been auctioned off in va...
DPA
German state-owned railway Deutsche Bahn has struck a deal with the train drivers' union GDL to end a long and bitter collective bargaining dispute that included multiple disruptive strikes. The GDL trade union announced the deal on Monday evening, but said details of the wage agreement would only be provided on Tuesday morning at separate press conferences called by Deutsche Bahn and the trade union. A spokesman for Deutsche Bahn confirmed upon request that an agreement had been reached. Both Deutsche Bahn and GDL boss Claus Weselsky had recently expressed confidence that a solution to the co...
DPA
Higher costs for construction, energy and personnel, increased interest rates and several bitter labour strikes caused German state-owned railway Deutsche Bahn to lose billions of dollars last year. Deutsche Bahn posted a loss of €2.4 billion ($2.6 billion) in 2023, the company announced in Berlin on Thursday. In the previous year, the loss was significantly lower at around €200 million. In the same period, turnover for the railway fell by 13% to around €45.2 billion. Deutsche Bahn said that hefty reported losses on operations last year can be attributed to advance payments on major future inf...
DPA
Higher costs for construction, energy and personnel, increased interest rates and several bitter labour strikes caused German state-owned railway Deutsche Bahn to lose billions of dollars last year. Deutsche Bahn posted a loss of €2.4 billion ($2.6 billion) in 2023, the company announced in Berlin on Thursday. In the previous year, the loss was significantly lower at around €200 million. In the same period, turnover for the railway fell by 13% to around €45.2 billion. Deutsche Bahn said that hefty reported losses on operations last year can be attributed to advance payments on major future inf...
DPA
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