African technology company Cassava Technologies has signed a memorandum of understanding (MoU) with Sand Technologies, a global enterprise AI solutions company described as a key player in Africa’s emerging artificial intelligence (AI) ecosystem.
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Danish DSV becomes frontrunner for DB Schenker acquisition
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- March 8, 2024
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The sale of DB Schenker, Deutsche Bahn’s logistics arm, might have found its suitor. Danish shipping giant DSV signed an agreement with two investment banks to gather enough funds to conclude the purchase. On the other hand, DHL officially withdrew from the race. DSV is cooperating with French BNP Paribas and the British-Chinese credit institution […]
LDZ Cargo expands in Estonia while Lithuania opens its doors
- Guest authors
- January 23, 2024
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Latvian rail freight operator LDZ Cargo aims to expand its business operations in neighbouring Baltic countries. It has succeeded in winning public tenders in Estonia, and it has secured access to Lithuania’s public railway infrastructure for freight transportation. As per the company, the stated aim of the expansion is to become a regionally significant rail […]
Deutsche Bahn does not rule out DB Cargo sale
- Guest authors
- April 17, 2024
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Deutsche Bahn (DB) does not rule out the sale of its freight subsidiary DB Cargo. Looming EU sanctions over excessive state support are forcing DB to find an escape route. A partial sale of financially underperforming DB Cargo might be on the table. According to Handelsblatt, DB does not rule out a sale of its…