Driving To Deliver Your Business

DB Cargo buys out Green Cargo stake in Scandinavian joint venture

Facebook Twitter Google+

Pinterest WhatsApp

Photo: DB Cargo.

DB Cargo has announced that it has taken over Green Cargo’s 49 per cent stake in its DB Cargo Scandinavia joint venture. The Danish rail freight firm was established by the two parties in 2008 to “outmanoeuvre competitors in the Scandinavian market” but after 10 years the partnership is ending.

A spokesperson for DB Cargo said that previously most trains had to be transferred to Green Cargo in the Swedish port of Malmo but that it is now in a position to offer an uninterrupted service from Germany to Sweden, which has been requested by its customers.


Like this story? Follow us on Facebook to keep up to date on rail industry news[1]


They added: “Our vision for 2020 is to grow our business in Scandinavia and become the region’s largest freight transport operator connecting northern and central Europe.”

Green Cargo and DB Cargo will continue to cooperate on operational activities.


Read more: Major disruption to train services in France as three months of rail strikes begin[2]


Facebook Twitter

Google+ Pinterest WhatsApp

Previous articleFirst dynamic tests on Riyadh metro[3]

References

  1. ^ Like this story?

    Follow us on Facebook to keep up to date on rail industry news (www.facebook.com)

  2. ^ Major disruption to train services in France as three months of rail strikes begin (www.globalrailnews.com)
  3. ^ First dynamic tests on Riyadh metro (www.globalrailnews.com)



Leave a Reply

Your email address will not be published. Required fields are marked *