DB Schenker has recently announced modest investment to strengthen its strategic collaboration with the US-based online shipping marketplace uShip. Following a capital increase, the global logistics company is investing USD 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.
uShip and DB Schenker signed a cooperation agreement in May 2016. The uShip platform, which connects shippers and carriers in over 19 countries, is the industry leader in organizing freight transport using mobile devices. For now DB Schenker will use the platform for land transport through an online platform called Drive4Schenker, which will use uShip technology to connect the some 30,000 transport partners in the European land transport network to their freight.