Logistics Business Publishing

Print Article

DB Schenker Rail acquires majority stake in Italian NordCargo

Takeover of a further 11 percent in NordCargo creates second-largest rail freight operator in Italy

(Milan/Mainz, January 13, 2010) DB Schenker Rail has increased its stake in the Italian rail freight operator NordCargo s.r.l. by a further 11 percent. The DB Schenker subsidiary had already acquired a 49 percent stake in NordCargo back in January 2009. It now owns 60 percent of the shares and consequently the majority stake in the company, which is domiciled in Milan.

Italy is one of the most important foreign markets for DB Schenker Rail, with transports to and from Italy accounting for roughly one quarter of the company's total international revenues in 2008. DB Schenker Rail has already successfully collaborated with NordCargo in the Italian market for many years.

NordCargo, with registered office in Milan, was hived off from the parent company Ferrovie Nord Milano (FNM) at the end of 2003. In 2008, its workforce of approx. 200 generated revenues of roughly EUR 40 million from international and domestic transports. The company is licensed to operate on the Italian rail network, runs 7000 trains / 1.4 million train kilometers per annum, and is responsible for providing traction on international routes along the Adriatic and Tyrrhenian coasts between Milan and Naples. NordCargo has been active in the freight transport market since September 2001.

The present business of DB Schenker Rail Italia, with registered office in Alessandria, will be transferred to NordCargo and the activities of both companies merged under the umbrella of NordCargo. This integration of the business activities of DB Schenker Rail Italia and NordCargo will lead to a new business enterprise with approx. 300 employees. "The amalgamation of these two companies will enable us to improve our product portfolio in Italy and along the north-southbound corridors, thus laying the basis for attracting more transport onto rail in both the international and the Italian domestic markets," explained Dr. Alexander Hedderich, Chairman of DB Schenker Rail.

Norberto Achille, Chairman of FNM, added: "In 2001, we were the first company to successfully tackle the challenge of entering the liberalized rail freight market. Together with the leading European rail freight company, we now play an even more important role in that market. In terms of transport volumes and revenues, we are the second-largest Italian rail freight operator.

The present DB Schenker Rail Italia was purchased by DB Schenker Rail Deutschland in 2004. It was the successor of "Strade Ferrate del Mediterraneo" (SFM) which had been founded in 2001. In financial year 2008, the company - whose activities are concentrated in the north-west of Italy - had a workforce of approx. 100 and generated revenues of approx. EUR 17 million.

www.dbschenker.com

Exhibitions

February 2010 - Deutsche Messe postpones premiere of industrial tradeshows in Dubai until 2011
Deutsche Messe is postponing the industrial trade fairs CeMAT MIDDLE EAST, Industrial Automation (IA) MIDDLE EAST and Motion, Drive & Automation (MDA) MIDDLE EAST – all originally schedu led to take place in February 2010 – until 2011.


March 2010 - Stuttgart, 2nd - 4th March
From 2 to 4 March 2010 LogiMAT, the International Trade Fair for Distribution, Materials Handling and Information Flow, is taking place in Stuttgart accompanied by an extensive fringe programme. It is the eighth edition of this annual meeting point for the intralogistics industry – the largest in Europe.


March 2010 - France, 23rd - 26th
Transport and Logistics services, Supply chain Management, Logistics Infrastructures, Logistics Real Estate, Technologies and Information Systems, Materials Handling and Warehouse equipment…


April 2010 - Cleveland, 26th - 29th
NA 2010 (The 2010 Material Handling & Logistics Show and Conference) will bring together manufacturers, consultants, third party logistics providers, publishers and system integrators to demonstrate their equipment, systems and services to tens of thousands of industry professionals from around the world, seeking productivity solutions.


May 2010 - Barcelona, 25th - 28th
Barcelona, 23 November 2009. As part of its constant desire to improve the service it offers exhibitors and visitors as well as provide a bigger and better service, the International Logistics and Material Handling Exhibition (SIL) has updated its website.


June 2010 - Guangzhou, China, 2nd - 4th
In China, cold chain logistics industry is in its infancy, While cold chain market share on both sides of the Atlantic has already reached 80 - 90%-that in Europe and Russia is 50%, in developing countries in general is 10 - 20%-only 20% of freight moving in China goes refrigerated.


November 2010 - Eindhoven, 10th - 11th
It is with justified pride that Bureau Bosman BV is introducing Groothandel & Logistiek’s new trade show name. From now on, Groothandel & Logistiek will be called: Bedrijf en Logistiek, the trade show for goods-in, storage and goods-out. The eleventh edition will take place on November 10 and 11 in the Exhibition Building in Eindhoven.  


November 2010 - Birmingham, 16th - 19th
Quartz Publishing & Exhibitions Ltd, organiser of the International Materials Handling Exhibition (IMHX), has announced that – in response to exhibitor requests – the show’s dates have moved from March to November next year.


Case Studies

The Armchair Shoppers
Home shopping and multi-channel retailing is an industry where the customer often seems tantalisingly elusive. That’s why, every year since 2000, the UK’s Royal Mail has commissioned the ‘Home Shopping Tracker Study’ to estimate the size of the UK market, both in terms of customers and spend.

Norway’s first gateway
The Norwegian port of Oslo has long been a focal point for the country’s trade, industry and population. Boasting a highly-agile and skilled logistics labour force the Port is on the cusp of a new era with major expansion and improvement.

A heartland pours open
Ideally located at the heart of western Europe, the Moselle Department, in the Lorraine region of France, offers many advantages to companies wishing to have a strategically located distribution platform.

Movement made easy
Elsewhere in the world of material handling expertise the Dutch logistics service provider Partner Logistics Europe B.V. has been busy in West Flanders. The company recently put into operation probably the largest ‘deep freeze chest’ in Belgium.

Forklift manufacturers react to energy crisis
“Thanks to their inherent high build quality Flexis are straightforward to maintain and our distributors are able to make healthy margins on used Flexis that they put back into the market on contract hire with maintenance packages.”

Legislation set to change
Highly automated warehouses make strict demands on personnel safety. Jarno Palo, of safety specialist Gunnebo Troax AB believes that health and safety legislation and European norms, such as the Machinery Directive, have a huge influence in the hub, covering everything from conveyors to cranes and industrial robots.

Contents Page
Logistics Business Magazine Contents Page


© 2010 Logistics Business Publishing Ltd. All Rights Reserved.
In Partnership with Logistics Business IT Magazine & Transport Distribution Europe TM