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Park Logistics - Creating supply Chain Solutions

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VTG and K+N in joint rail venture

Kuehne + Nagel and VTG, the wagon hire and rail logistics company have set out plans to merge parts of their rail logistics activities.

The merger will extend the 20-year partnership VTG and Kuehne + Nagel have shared through their joint venture, Transpetrol.

It will expand the two partners’ present rail activities, hoping to strengthen their market position in the European rail logistics business, with a joint coverage area ranging from all over Europe, into Russia and Turkey.

The final contracts are expected for the second half of 2013.

Article source: http://www.logisticsmanager.com/Articles/Article.aspx?liArticleID=20386