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.