Aufwiedersehen Fret!
June 28th 2007
Aufwiedersehen Fret!
Deutsche Bahn AG is moving ahead with plans to acquire all shares in English Welsh & Scottish Railway Holding Limited(EWS) as well as buying up a majority shareholding in Spain’s Transportes Ferroviarios Especiales, Transfesa. The move places DB Logistics in a commanding position in Europe. Owning EWS International will enable DB to penetrate the lucrative French rail freight market through the EWS company, Euro Cargo Rail, already operating in France.
’The transport and logistics industry is booming. Only companies which can offer their own network and consistently high quality standards will be able to succeed in that market. The climate-friendly rail mode still is and will remain our core business,’ explained Hartmut Mehdorn, CEO and Chairman of the Management Board of Deutsche Bahn AG. Looking at the stagnant,loss-ridden rail freight transport markets in many European countries, Mehdorn claimed that de facto liberalisation of the rail network was a crucial requirement for growth and economically efficient operations. He pointed out that Germany was a perfect example of how open access to the network, which is used by more than 330 rail companies, could lead to a substantial increase in rail traffic,and added that DB AG would continue to encourage European liberalisation in future.
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