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Under the deal announced in February, VTG will take control of Carbo Rail’s strategic development and operational management and plans to integrate it into the company’s Retrack division, under the name Retrack Slovakia.
Retrack will not only acquire Carbo Rail’s licenses but also its assets, such as its 25 locomotives and its approximately 150 employees.
This integration of the network will enable the company to provide faster cross-border services across the continent. The intention is to establish better connections between Europe’s major industrial hubs and offer increased efficiency for freight traffic in the region.
“Its operating licenses for Slovakia, the Czech Republic and Hungary make Carbo Rail a sensible complement to our Retrack network that sustainably reinforces our presence in Central and Eastern Europe,” says Mr Günther J Ferk, head of VTG Rail Logistics Europe. “Working together under the same name, our commitment is to supply customers with seamless, single-source transaction services and end-to-end forwarding solutions along the most important transportation corridors all over Europe.”
This article first appeared on www.railjournal.com
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