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September 02, 2010

DB Schenker Rail fleet investment reaches record level

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DB SCHENKER Rail, the railfreight subsidiary of German Rail (DB), says investment in its fleet of locomotives and wagons will reach a record high of Euros 410 million this year.

Around Euros 190 million is being spent on 1472 new wagons, largely focussing on the coal, steel, chemical and automotive fleets, as well as repairing existing wagons to meet demand as traffic recovers from the economic downturn. DB Schenker Rail is investing Euros 167 million in its locomotive fleet, and by the end of the year it will have acquired 71 new locomotives.

"This is a record investment and we are focussing on areas where there is increasing customer demand and where more modern equipment is required," explains Dr Karl-Friedrich Rausch, DB management board member for transport and logistics.

Overall DB Schenker Rail volumes rose to 203 million tonnes in the first half of 2010, a 40.1% increase compared with the same period in 2009. Assuming the level of economic recovery remains consistent, DB anticipates an annual recovery in Euoprean railfreight volumes of 3% per year. Under this scenario, the market would not recover to 2008 levels until 2017.

A comprehensive analysis of DB Schenker Rail's response to the economic crisis can be found in the September edition of IRJ.

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