HAMBURG-based wagon leasing company VTG announced on September 29 that it has agreed to acquire Switzerland's Ahaus Alstätter Eisenbahn Holding (AAE) in a takeover that will increase VTG's European lease fleet from 50,000 to 80,000 vehicles.
WAGON leasing company VTG has announced it is working with Chart Ferox, a manufacturer of storage and distribution equipment for hydrocarbon and industrial gases, to develop a new generation of tank wagon for the transport of liquefied natural gas (LNG).
WAGON leasor, VTG, has initiated a pilot project to fit low-noise LL brake blocks to tank wagons used by chemical company Evonik Industries to collate data on the brake's kilometric performance and maintenance requirements.
ANTITRUST authorities in Germany and Austria have approved the merger between VTG and the rail logistics division of Kuehne & Nagel, allowing the new VTG Rail Logistics to be launched on January 1.
LOGISTICS group Kuehne & Nagel and wagon leasing company VTG have announced plans to create a jointly-owned rail logistics business after signing a letter of intent at the end of April.
EUROPE's largest wagon leasing company VTG has achieved a 2.6% year-on-year increase in third quarter revenues, defying the overall lack of growth in the European railfreight market.
VTG Rail, a subsidiary of VTG, Germany, has acquired SC Leasing, United States, a subsidiary of Sumitomo Corporation of America, and its 2000 freight wagons, doubling VTG Rail's North American customer base.