AUSTRIA: OBB TO BOOST CARGO TRANSPORT

Article Abstract:

The supervisory board of OBB has approved the founding of a new company to run a wagon pool. OBB is in advanced talks with a potential partner for Industriewaggon AG, which will be capitalised at Sch 300mn and which will become operative at the beginning of 2001. It should be one of Europe's four leading private wagon hire companies. Initially Industriewaggon will have a parc of 7,000 wagons, but the number is to be raised to 20,000. In January 2001, the supervisory board is to decide on another two subsidiaries for the cargo division of OBB, a forwarding company and a locomotive pool. OBB aims to raise turnover in the cargo sector to more than Sch 20bn, to which foreign operations should contribute more than 70%. In 2000 OBB expects to see a 10% increase in cargo transport volume from 85mn tonnes in 1999. Turnover is expected to grow 4%, while costs are rising at a steeper rate.

All Other Nondepository Credit Intermediation, Finance Leasing, Misc. business credit institutions, New Freight Cars, Railroads, Commercial finance companies, Lease financing, Freight cars, Industriewaggon AG

---

Italy/Germany: Private rail cargo operator to start

Article Abstract:

On 8 October 2001 Rail Traction (RTC) is to start operating private cargo trains between Verona and Munich. The section from the Brenner pass to the Bavarian capital will be handled by the German company Locomotion, a joint venture of Bayrische Trailer Gesellschaft BTZ and RTC (30%). RTC is to buy another 5 locomotives in 2002, after having bought three for L 6.5bn each. RTC is betting on better service and efficiency than its state-owned competitors. Its trains can take up to 32 lorry loads of cargo. Among the backers of RTC are the operator of the Brenner motorway and the Italian tr company Fercam.

Italy, Germany, Locomotives, RTC Inc.

---

AUSTRIA: TENDER FOR TILTING TRAINS

Article Abstract:

According to Gerhard Stindl, director of Osterreichische Bundesbahnen (OBB) for passenger transport, tenders are to be called in the next few days for the delivery of 116 tilting trains worth about Sch 160mn each. The trains will be used on east-west routes in Austria within the framework of cooperation with Deutsche Bahn (DB) and Schweizerische Bundesbahnen (SBB).

Railroad Passenger Operations, Capital expenditures, New orders received, New Rail Passenger Cars, Passenger rail services, Passenger cars (Railcars)

Similar abstracts:

• Abstracts: AUSTRIA: OAF EXPECTS DECLINE IN TRUCKS. Austria: Steyr jobs under threat. AUSTRIA: STEYR NUTZFAHRZEUGE TO BOOST PRODUCTION
• Abstracts: AUSTRIA: MARKET FOR ORGANIC MEAT. Italy/Austria: Keen demand for organic food. AUSTRIA: CATTLE, BEEF IMPORTS TO BE STOPPED
• Abstracts: AUSTRIA: KAPSCH TO CONCENTRATE PRODUCTION. AUSTRIA: KAPSCH FACTORY TO TECWINGS. AUSTRIA: JOB CUTS AT KAPSCH
• Abstracts: AUSTRIA: WIENER STADTISCHE HOPING FOR UPTURN. HUNGARY: GLORIA-SWISS LIFE TO WIENER STADTISCHE. AUSTRIA: GENERALI, WIENER STADTISCHE COOPERATION

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.