English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

SNCF acquires stake in Swiss rail company

BERNE, Switzerland: February 19, 2017. Swiss railway company BLS Group, owned by the Canton of Berne and the Swiss Confederation, is selling 45 percent of its BLS Cargo subsidiary to SNCF Logistics, part of France's SNCF rail group.

Terms of the sale were not disclosed.

The minority shareholding gives SNCF Logistics greater access to Western Europe's North/South freight rail corridor where its subsidiaries Captrain Germany and Captrain Italia are already significant operators between the two countries.

BLS Cargo 1"We have found just the right partner in the SNCF Group," said Bernard Guillelmon, BLS Cargo chairman "This means that we can shape the freight business internationally to make it more sustainable and forward-looking."

SNCF Logistics and BLS Cargo said they would increase their collaboration, particularly on cross-border transport: "BLS Cargo is an extremely attractive and well-positioned company," explaned Sylvie Charles, general manager of Railfreight and Intermodal Business Unit for SNCF Logistics. "We believe that the North/South corridor has great potential," she added.

BLS Group said it did not anticipate any changes to the management, staff, head office location, assets and corporate structure of BLS Cargo as a result of the new shareholding.

Company revenue rose last year from CHF 170.4 million to CHF190.6 million resulting in an unchanged EBIT of CHF2.1 million, and a rise in net profit from CHF0.3 million to CHF1.5 million year-on-year.

BLS Cargo claims it is one of the few European rail freight operators "to have enjoyed lasting financial success over the years".

SNCF Logistics already operates 10 multimodal North/South trains a day from Aiton, Chambéry in northern France to Orbassano near Turin, Italy; and between Bettembourg, Luxembourg and Le Boulou in South West France, 12 kms. from the Spanish border.

According to SNCF operator VIIA, The "rail motorway" between Bettembourg and Le Boulou averaged 91 percent capacity in 2016 and carried 1.5 billion tonnes of freight - equal to moving 67 million truck kilometres from road to rail.

More News

Written on 22/02/2018, 21:03
xpo-logistics-to-validate-new-uk-grocery-standardsNORTHAMPTON, UK: February 22, 2018. XPO Logistics has partnered with non-profit supply chain standards organization GS1 UK to manage physical compliance...
Written on 22/02/2018, 16:51
2017-an-excellent-year-for-finnairHELSINKI: February 21, 2018. Finnair has reported cargo revenue of €197.4 million in 2017 – a 13.5 percent increase year-on-year – as the airline saw a...
Written on 21/02/2018, 16:59
saudia-cargo-eyes-india-market-growthMUMBAI: February 21, 2018. Saudia Cargo executive director Commercial Rainer Muller said his attendance at Air Cargo India in Mumbai this week provided an...
Written on 20/02/2018, 16:14
first-of-four-b777s-delivered-to-ukraine-international-airlinesKIEV: February 20, 2018. Ukraine International Airlines (UIA) has taken delivery of its first B777-200 aircraft from lessor AerCap to replace B767-300s on...
Written on 19/02/2018, 22:11
southwest-to-launch-international-air-cargo-servicesLOVE FIELD, TX: February 19, 2018. Southwest Airlines is to begin international airfreight services in May to Mexico City, Cancun, Cabo San Lucas/Los...
Written on 19/02/2018, 16:40
freightweek-news-update-week-08SUNNYVALE: February 22, 2018. Lufthansa Cargo is joining Plug and Play. The company is the world's largest technology accelerator that brings technology...
Written on 18/02/2018, 00:45
air-france-klm-keep-a-hand-in-shaping-the-gameAMSTELVEEN/PARIS: February 16, 2018. The Air France KLM Group has reported a 6.8 percent rise in Q4 2017 cargo revenue to €583 million and €2.087 billion...
Written on 16/02/2018, 21:46
swiss-tv-goes-live-in-south-korea-with-natcoZURICH/ PYEONGCHANG, South Korea: February 16, 2018. Project logistics specialist Natco AG, part of the British TransGlobal Group, has delivered all the...
Written on 15/02/2018, 18:15
ryder-opens-u-s-mexico-border-facilityMIAMI: February 14, 2018. Ryder System has opened a 109,000 sq.ft. logistics facility in Laredo, Texas to support cross-border shipments between the U.S....
Written on 15/02/2018, 16:44
miami-airport-gets-ftz-statusMIAMI: February 15, 2018. The U.S. Department of Commerce has designated Miami International Airport's entire 3,230-acre land parcel as a Foreign Trade...
Written on 14/02/2018, 16:57
jd-com-delivery-for-valentine-s-dayBEIJING: February 14, 2018. China retailer JD.com is selling 18.6 percent of its subsidiary JD Logistics for an estimated US$2.5 billion. The investors...
Written on 13/02/2018, 21:22
delta-cargo-adds-gps-tracking-to-equation-express-productATLANTA: February 13, 2018. Delta Cargo has launched 'Equation Critical', a new service with GPS-tracking for next-flight-out international shipments with...
Written on 13/02/2018, 20:14
valentine-s-day-still-a-growing-demandAALSMEER, The Netherlands: February 13, 2018. Valentine's Day, made official by Pope Gelasius in the fifth century to distract Roman Catholics from a more...
Written on 12/02/2018, 21:16
profit-surge-from-e-commerce-for-aramexDUBAI: February 12, 2018. Logistics provider Aramex has reported a nine percent increase in 2017 revenues to AED4.72 billion and a 14 percent year-on-year...
Written on 12/02/2018, 20:34
more-capacity-sharing-for-heavylift-and-project-cargoHAMBURG/ROTTERDAM: February 12, 2018. RollDock and SAL Heavy Lift are to launch a capacity pool for Roll-On/Roll-Off and Float-In/Float-Out project and...
Written on 11/02/2018, 19:37
g-w-invests-in-cargomaticDARIEN, CT: February 08, 2018. Railroad company Genesee & Wyoming has invested in Cargomatic, a technology platform connecting shippers and truck...
Written on 09/02/2018, 16:07
delta-cargo-expands-pharma-4-serviceATLANTA: February 9, 2018. Delta Cargo has added eight new destinations to its Pharma 4 program for temperature-sensitive shipments including Bogota, Hong...
Written on 08/02/2018, 19:20
ups-adds-midday-express-freight-deliveryATLANTA: February 08, 2018. UPS has added a midday service to its Worldwide Express Freight (WEF) product, offering a delivery time of 12 p.m. or 2 p.m....
Written on 08/02/2018, 14:39
evergreen-orders-eight-11-000-teu-containershipsTAIPEI: February 08, 2018. Evergreen Marine Corporation (EMC) has ordered eight 11,000 TEU containerships from Samsung Heavy Industries (SHI) for delivery...
Written on 07/02/2018, 22:05
emirates-skycargo-to-begin-daily-maastricht-flightDUBAI: February 06, 2018. Emirates SkyCargo has added Maastricht to its scheduled freighter network with an initial two B777 freighter flights a week from...

- powered by Quickchilli.com -