Press releases

The third quarter in brief:

Green Cargo intends to integrate its own rail freight forwarding agent NTR, and create a common marketing and sales organisation for national and international railfreight transports. It will be a more efficient organisation with greater expertise and enhanced customer service offerings.

The second quarter in brief:

Munich, 12 May 2010 – European alliance Xrail is on track to achieve more reliable and customer-friendly wagonload traffic. Business has been good since the alliance launched in 2010, and 25% of production on the wagonload network is set to use the Xrail standards by the end of 2011. Xrail has also facilitated a significant improvement in the transparency of the data delivered to customers before, during and after transport.

Green Cargo succeeded in turning its negative operating profit around in 2010 and the year-end figured that it reported was SEK 13 million. That is an improvement of SEK 167 million compared to 2009. The improvement in earnings was achieved despite problems in the infrastructure that were encountered both at the beginning and end of the year.

The Group's earnings after financial items in the third quarter were EUR 5,6 million (EUR 6,2 million). The major loss that Green Cargo experienced in connection with the winter’s freight yard closures affects the accumulated earnings by EUR -3,0 million (EUR -20,6 million).

A new organization will make Green Cargo more efficient and more customer-oriented.
“It will be easier to be a customer as well as an employee of Green Cargo. Our parent company will focus on transport and our subsidiary, TGOJ, will become a part of Green Cargo. Our third-party logistics operation has done very well and will have greater freedom as a separate subsidiary company", says CEO Mikael Stöhr.

As a result of increased customer demand and current rationalization efforts, Green Cargo is reporting positive results for the second quarter. However, the first half of the year’s outcome is negative due the winter’s poor rail snow clearance and closed shunting yards.

The large Austrian transportation company, LKW Walter, has received the Climate Comet of the Year Award for 2010. LKW Walter’s trucks can be seen in many of Europe’s countries and more and more of its trailers are traveling the long distances by train.