VTG offers comprehensive service in the Baltics

VTG expands in Baltics with office in Lithuania

VTG offers comprehensive service in the BalticsImage: VTG

VTG is expanding its presence in the Baltics by opening an office in the Lithuanian port city of Klaipeda. Under the name of VTG Rail Logistics Baltics, the logistics company is now offering its full services in the Baltic states.

VTG was already active in the Baltics but didn’t have an office in the region yet. From 1 January, the German company is offering all of their services in Lithuania, Latvia and Estonia.

Violeta Vlasoviene has been appointed as Managing Director of VTG Rail Logistics Baltics. Vlasoviene sees a lot of opportunities for the area in the near future. “The ongoing Rail Baltica corridor project will connect five EU countries – Poland, Lithuania, Latvia, Estonia and, indirectly, Finland. This will provide VTG with exciting new market opportunities”, she says. “Having our own office on the ground is going to help us respond even better to the needs of our customers in this highly promising market environment.”

Headquartered in Hamburg, VTG is an international asset owner and logistics company with a strong focus on rail. Besides hiring out rail freight wagons and tank containers, it also provides multimodal logistical services and integrated digital solutions. The company’s fleet includes around 84,000 rail freight wagons – mostly tank wagons, intermodal wagons, standard freight wagons and sliding-wall wagons – as well as about 5,000 tank containers.

VTG posted revenue of EUR 1,221 million and an operating profit (EBITDA) of EUR 472 million in the 2021 financial year. The Hamburg-based company’s subsidiaries and affiliates give it a sizable footprint in Europe, North America and Eurasia. Effective December 31, 2021, VTG employed around 2,150 people worldwide.

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Author: Roel van der Maas

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