GERMAN freight wagon leasing and logistics company VTG has acquired a new major shareholder after the sale of Wilbur Ross's final 20% stake in the company to Kühne Holding, a shipping, logistics and hotel company based in Switzerland.
WAGON leasing and logistics company VTG, Germany, reported a 76.2% rise in earnings before tax, depreciation and amortisation (Ebitda) in 2015 to €336.5m on turnover of €1bn.
VTG has unveiled what it says is Europe's first tank wagon for transporting liquefied natural gas (LNG) at this week's Transport and Logistics trade fair in Munich.
SLOVAKIAN railfreight operator ZSSK Cargo has sold its fleet of 12,342 wagons to a newly-formed joint venture company under a sale-and-lease-back agreement signed on March 5.
VTG announced on January 6 that it has completed the acquisition of Swiss wagon leasing company Ahaus Alstätter Eisenbahn Holding (AAE) following approval of the transaction by competition authorities in Germany, Austria, Poland, and Russia.
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.
