VTG AG celebrates anniversary and prepares for further growth
Hamburg-based wagon hire and rail logistics company VTG AG plans to expand its offer in Russia and North America:
The Hamburg-based wagon hire and rail logistics company VTG is confidently looking forward to the future. For the future, CEO Dr Heiko Fischer expects another surge of growth in all three business divisions. “Flows of transport are becoming more and more global, and so VTG too: we have a significant presence in China, Singapore, Russia and the US. Our aim is to increase our service in Russia and North America and open up further growth opportunities“, the manager said in a press talk on the occasion of the 60th anniversary of the enterprise.
VTG was founded on 30 October 1951 under the name of VTG Vereinigte Tanklager und Transportmittel GmbH, and has developed into the largest private wagon hire company in Europe. In fact, between 1951 and 2011, the company’s rail freight wagons transported some three billion tons of bulk goods throughout Europe, including mineral oil, chemicals, coal, steel and grain. Road transport would have required around 75 million trucks – a convoy stretching 36 times around the earth. Wagon capacity utilization is continuously at over 90 per cent.
VTG Aktiengesellschaft is one of Europe’s leading wagon hire and rail logistics companies. The company based in Hamburg has the largest private wagon fleet in Europe. Globally, the fleet consists of some 51,200 wagons. In addition to the hiring of wagons, the group offers cargo transport on the rail, as well as global tank container transports by railway, waterway or on the road. Its customers are from the chemical, mineral oil, automotive, paper and agricultural industries. In the financial year 2010, VTG’s 1,000 employees generated revenue of EUR 629.4 million.
Quelle: LogEastics
Portal: www.logistik-express.com