Independent journal on economy and transport policy
04:19 GMT+2
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Freight rail company BLS Cargo expects a dramatic drop in volumes and revenue in the coming months
Positive for the 2019 financial year
April 8, 2020
In 2019, BLS Cargo handled a total of 22,265 trains compared to 17,051 trains in the previous year.
Today, the company's results anticipated that in 2020 the impact of the coronavirus crisis will be relevant and in the coming months there will be a dramatic drop of about 30% in volumes and sales, contraction mainly due to the closure of the sectors such as industry Automotive. A positive sign - said BLS Cargo - comes from transportation from China that are increasing Significantly.
BLS Cargo is owned by the Swiss BLS SA with 52% from the SNCF Logistics French with 45% and Italian Ambrogio Transport with 3%.
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