Monday, December 14, 2009

European Rail Freight Operators Establish Joint Cargo Venture

SNCB and Schenkers to Cooperate on German and Low Countries Routes
Shipping News Feature

BELGIUM / GERMANY / NETHERLANDS – Rail Freight operators DB Schenker Rail and SNCB Logistics of Belgium have signed an agreement to establish a joint venture company which will streamline their mutual interests on the Dutch, Belgian and German freight haulage routes.

The Corridor Operations Belgium Rail (COBRA) will, according to SNCB’s press release, offer better quality and efficiency on the routes affected and means both Schenker’s and SNCB will have “a more competitive offer and strengthen the international position of both companies.”

Marc Descheemaecker, CEO of SNCB, said that: “Our exceptional geographical position and our ambition to develop the freight activities in Belgium and in Europe force us to look for reliable international partners.

“We are very happy that such a reliable partner as DB Schenker Rail joins forces with us in order to be able to offer a qualitative transport on this very important corridor.”

Despite the optimism, COBRA will require approval from the EU’s anti-trust authority. Should this be granted then both companies plan to run the JV from offices in Brussels with a management team composed of personnel from both.

(pic: © DB Schenker)