DSV will discontinue rail transport through Russia after all. Although the Danish company was initially opposed to using Russian rail, that policy was called into question after the acquisition of DB Schenker.
CEO of DSV Jens Lund made the announcement on ending Schenker’s Russia business last Thursday, according to the Danish publication Mobilitywatch. DB Schenker withdrew from Russia after its invasion of Ukraine, but continued to fulfill existing contracts through subcontractors.
After Schenker was acquired by DSV this year, it was initially unclear what would happen to those contracts. Lund wanted to continue fulfilling the contractual obligations and even talked about “reconsidering Russia policy.” This drew fierce criticism from shareholders.
It now appears that DSV will cease transport operations on Russian rail, but only after the currently active contracts expire. According to Lund, the majority of those contracts will expire this year, and “one or two contracts” are scheduled to expire in 2026. After that, the trains carrying out work for DSV in Russia must be completely finished.
This article was originally published by our sister publication NT.nl.