VTG restructures Rail Logistics
- VTG broadens scope of Rail Logistics Division
- Business solutions for liquid, agricultural and industrial goods
Hamburg, January 10, 2012. VTG Aktiengesellschaft addresses market demand: with a target strategy to bring the profitable product segments of liquid, agricultural and industrial goods onto the railway, VTG’s Rail Logistics Division exploits full potential of a structurally growing rail freight transport.
All signs are pointing to growth. The German Federal Ministry of Transport, Building and Urban Development predicts a significant increase in rail freight traffic volume in Germany over the coming years. This upswing also has a positive impact on the Rail Logistics Division of VTG Aktiengesellschaft – as growth rates surpass expectations.
VTG has decided to expand the product portfolio of its Rail Logistics Division to ensure that it will continue to benefit from the positive market trend. In the future, VTG is to focus on three highly profitable groups of products, each of which having a great market potential: liquids (e.g. mineral oil, chemicals), agricultural products (including former TMF-activities) and industrial goods (e.g. steel products). “With this broadened scope of the division, we will access new customer groups and regions and take even more traffic from the road onto the railway”, says Gert Sieksmeyer, head of VTG Rail Logistics Europe.
The operational activities reflect already the broadened divisional scope with the VTG subsidiary Transpetrol being in charge of the transport of liquids in central and eastern Europe and VTG’s Rail Logistics division assuming responsibility for liquid goods in western and southern Europe. VTG Rail Logistics will moreover be responsible for agricultural and industrial goods throughout Europe, benefiting thereby yet from Transpetrol’s existing network and expertise. VTG Rail Logistics Division’s network of branches is also subject to expansion, e.g. with a new sales office in the Frankfurt area since January 1, 2012 and further plans to open additional branches in countries other than Germany.
About VTG:
VTG Aktiengesellschaft is one of Europe’s leading railcar leasing and rail logistics companies. The company has the largest private railcar fleet in Europe. Globally, the fleet consists of some 51,200 railcars, with a focus on tank cars and state-of-the-art high capacity freight cars. In addition to railcar leasing, the Group offers global tank container transportation and comprehensive multi-modal logistics services, primarily in the rail transportation space.
With the combination of its three interlinked divisions Railcar Leasing, Rail Logistics and Tank Container Logistics, VTG offers its customers a high-performance platform for international freight transportation. The Group has many years of experience and specific expertise, particularly in the transport of liquids and sensitive goods. Its customers include numerous well-known companies from almost every industrial sector, including the chemical, petroleum, automotive, paper and agricultural industries.
In 2010, VTG generated revenue of EUR 629.4 million and operating profit (EBITDA) of EUR 154.4 million. Via its subsidiaries and affiliates the company, which has its head office in Hamburg, is mainly present in Europe, Asia and North America. As of December 31, 2010, VTG had 999 employees worldwide in consolidated companies. VTG AG is listed on the official Prime Standard market of the Frankfurt Stock Exchange and also on the SDAX (SIC: VTG999).
Media contact:
Monika Gabler
Head of Corporate Communications
Telephone: +49 (0) 40 23 54-1341
Fax: +49 (0) 40 23 54-1340
Email: monika.gabler@vtg.com
Yvonne Studier
PR Officer Trade Press
Telephone: +49 (0) 40 23 54-13 45
Fax: +49 (0) 40 23 54-13 40
Email: yvonne.studier@vtg.com
