{"id":124884,"date":"2024-09-11T19:13:58","date_gmt":"2024-09-11T09:13:58","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=56024"},"modified":"2024-09-11T19:13:58","modified_gmt":"2024-09-11T09:13:58","slug":"sbb-financial-situation-remains-tense-as-freight-incurs-losses","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=124884","title":{"rendered":"SBB: \u201cFinancial situation remains tense\u201d as freight incurs losses"},"content":{"rendered":"

Swiss rail operator SBB recorded a half-yearly profit of 50,8 million francs (54,4 million euros), but stresses that the financial situation at the company remains tense. The profit was not thanks to SBB\u2019s freight department, which incurred a loss of 42,6 million francs (45,6 million euros).<\/strong>
\n<\/span>The first half yearly financial result for freight in 2024 amounted to minus 42,6 million francs. During the same period in 2023, it incurred a smaller loss at 18 million francs (19,3 million euros).<\/p>\n

SBB attributes the downturn to lower volumes in both national and international traffic. \u201cIndividual sectors such as the construction industry caused the decline in national traffic. In international traffic, the economic situation, especially in Germany and Italy, the restrictions in the Gotthard Base Tunnel and the increasing construction activity on certain routes in Germany were the reasons for the lower result\u201d, the company says in a press release.<\/p>\n