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.