SBB Cargo, source: SBB

Swiss SBB Cargo suffers significant losses in 2020

The Swiss rail freight operator SBB Cargo suffered a loss of almost 35 million francs last year, which amounts to 31.2 million euros. This is evident from the annual figures of parent company SBB.

The red figures are a major setback for Swiss Combi AG, a group of Swiss road hauliers. They took a minority stake in the rail company of 35 percent in April of last year. Converted, they now have to write off an amount of 8.2 million euros in losses on their participation in SBB cargo over the short period of eight months.

Shares

Swiss Combi AG consists of Planzer Holding AG (40 percent), Camion Transport AG (40 percent), Bertschi AG (10 percent) and Galliker Holding AG (10 percent). The transport companies took a substantial interest in SBB Cargo last year in order to have an alternative to the night driving bans in the country and to gain influence on the services of the rail company.

Whether that has already changed and whether the cargo offering of SBB Cargo has benefited from the participation of the road hauliers was not clear in the annual accounts.

Author: John Versleijen

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