Spain and Germany to Develop Rail Goods Transport
This partnership will increase Spain's competitiveness in goods transportation, primarily by adapting the country's gauge width to the standard European size.
- (1888PressRelease) June 04, 2013 - Madrid, Spain - Renfe has signed an agreement with Schenker Rail AG, the logistics subsidiary of the German rail operator DB, to increase rail freight transportation between the two countries. This agreement will help Spain to bring its goods transportation by rail, which currently has a market share of around 4%, up to the European average of 17%.
The partnership also aims to make Spain more competitive in goods transportation, primarily by adapting its gauge width to the European standard size.
The agreement between Renfe and Germany's DB has been signed by two state operators in the already-liberalised market of rail goods transport, and comes as the Spanish Government is attempting to boost rail freight traffic through various initiatives, one of the most significant of which is the Mediterranean Corridor.
According to its own figures, the German rail merchandise transport company is the leading European firm in the sector, with annual revenue of €4.58 billion, operations in 17 countries and a workforce of 32,600 employees. DB Schenker Rail also claims to be the only rail freight transport firm with a European network. The company moves 5,100 freight trains per day, most of them on international routes.
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