Ambitious medium-term plans with Rail Cargo Austria
Comprehensive package of measures shall lead the RCA group back to the black before 2013 “We can no longer afford to handle transportations that cause a deficit in our balance sheet.” These were the words that Friedrich Macher, Spokesman of the Management Board of Rail Cargo Austria AG (RCA), used to justify the tariff adjustment for the not cost covering part of national unaccompanied transport, becoming effective from 1 August 2010. “National unaccompanied combined transport has always been conditionally cost covering due to the high maintenance costs for the area-covering network. So far the lack of cost covering operations was compensated by positive yields from international links. The crisis-caused fiercer competition with road transport and the liberalisation reduced results from international business as well”, the RCA Management explains in a press release. According to a medium-term plan presented by Macher, RCA wants to return to the black in 2011with national and international business activities. The subsidiary Rail Cargo Hungaria shall also achieve a positive balance by 2012. As from 2013 RCA strives to achieve a reasonable return on turnover and an according interest in their equity ratio. The medium-term plan is based on measures resulting in a total volume of more than EUR 200 million. These are innovations within RCA’s business activities, process innovations in the production segment and unchanged synergies from the merger of Rail Cargo Austria and Rail Cargo Hungaria. Macher indicates the amount of the renovation for the national unaccompanied combined transport that caused the biggest losses with around 4 per cent of the total package. Quelle: LogEastics |