DB Schenker Rail plans to invest some 410m euros ($520.5m) in new freight cars and locomotives throughout Europe this year. Approximately 190m euros ($241.2m) will be spent on new freight cars and repair of the existing fleet, with 167m euros ($212m) for locomotives and the rest to be spread among various investments in facilities and information-technology equipment. By the end of this year, DB Schenker said, the carrier will have acquired some 1,472 new freight cars and 71 new locomotives, including 700 cars designed specially for coal and steel movements. In the first half of 2010, DB Schenker Rail boosted the volume of its freight by 58m tons, or 40.1 percent, over the same period of 2009. Traffic performance during that period rose by 8.3bn, to 52.6bn ton-kilometers, for an equivalent increase of 18.8 percent. DB Schenker Rail is the freight-operating arm of Deutsche Bahn.
Read Full Article
Enjoy curated articles directly to your inbox.