Filter content by area of interest
Handling Equipment/Systems
Ports & Terminals
Transport & Distribution
Materials & Commodities
Storage
Processing
ICT & Telecoms
Civil Engineering
Mining
Environment
Safety & Security
Business
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing this article with our compliments. 


register  or  login  to manage your newsletter preferences and to prevent this message from appearing.

VTG completes Carbo Rail boyout in Slovenia

Under a transaction signed in February 2020 and now approved by the relevant antitrust authorities, VTG Rail Logistics GmbH has acquired a majority stake in Slovakian railway company Carbo Rail.

Linked InTwitterFacebookeCard

With immediate effect, the Hamburg-based group has taken full charge of Carbo Rail’s strategic development and operational management.

 

VTG said Carbo Rail will be integrated into its Retrack railway company and will in future operate under the name Retrack Slovakia.

 

“Its operating licenses for Slovakia, the Czech Republic and Hungary make Carbo Rail a sensible complement to our Retrack network that sustainably reinforces our presence in Central and Eastern Europe,” said Günther J. Ferk, head of VTG Rail Logistics Europe.

 

“Working together under the same name, our commitment is to supply customers with seamless, single-source transaction services and end-to-end forwarding solutions along the most important transportation corridors all over Europe.”

 

According to VTG, in the future, this expansion of the Retrack network will enable trains to cross borders “along an entire corridor without the hassle of uncoupling and recoupling”.

 

Carbo Rail is contributing not only its licences to the Retrack network, but also its assets, including 25 locomotives and approximately 150 employees.

Linked InTwitterFacebookeCard

You may also like these related articles...

JV to build ore carrying freight wagons

ABB engine diagnostics for 12 bulk carriers

ERG record for iron ore shipments to China

Stunning comeback for agricultural exports

UWC inks rail car deal with chemicals firm

Small-scale CO2 capture plant on a vessel

Most Read


Mobile harbour crane business


Lumber by rail in Scotland


Ports' global footprint set to grow rapidly


ABP invests £4M in its Newport port


Double first for Liebherr in Argentina

Linked In
Twitter