Schenker achieves double figure growth in the major economic regions of the world with all business units

Special focus on the future market in contract logistics

News Item Entered: Wednesday, April 18, 2007

(Berlin, 18 April 2007) Schenker, Deutsche Bahn AG's logistics services provider, remains on a course of growth. Since joining the Deutsche Bahn Group in 2002, Schenker has more than doubled its sales revenue, from 6.2 to 13.2 billion euros last year. Dr. Norbert Bensel, Chairman of the Management Board of DB Logistics, comments: "We have shown that we are fully resolved to seize our chances in the growing logistics industry with both hands. As a world champion for exports, Germany must also lead the field in logistics worldwide. This not only strengthens our economic development, it also secures jobs on the German home market." Schenker is number 1 for European land transport, number 2 for worldwide air freight and number 3 for worldwide ocean freight. In the past year Schenker has succeeded in strengthening and extending its leading market positions in all areas of business.

Above all as a result of the takeover of BAX Global, together with a continuing organic growth of 17 percent, Schenker has significantly improved its market position in the crucial triad: in Europe its sales revenue rose from 7.2 to 9, in America from 0.8 to 1.9 and in Asia from 0.8 to 2.2 billion euros. Dr. Marco Schröter, Chief Financial Officer of Schenker AG, says: "Many of our competitors are only now taking steps to establish themselves in the growth regions of the world. Schenker's customers have an easier job, as they have been able for some time now to have recourse to functioning global networks comprising all modes of transport." Schenker has already had a presence in Hong Kong for 40 years, for example, and in booming China it can rely on a tightly organized network that now amounts to 70 offices and close on 3,500 staff. In particular, its customers come from the consumer goods and automotive industries, as well as including suppliers in the high-tech sector.

For the future, DB Logistics aims to continue improving its international networks, with a view to responding to the growing demand for integrated services. A special priority is the further development of contract logistics. Dr. Bensel comments: "Studies have demonstrated that in this royal branch of logistics the German market alone, as a result of the increase in outsourcing, shows a potential of 67 billion euros, of which so far only 23 percent has been exploited. Here we plan to intensify our commitment. In the middle term our aim is to work our way into the top five of contract logistics service providers worldwide."