{"id":94267,"date":"2024-07-25T22:41:43","date_gmt":"2024-07-25T12:41:43","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=54855"},"modified":"2024-07-25T22:41:43","modified_gmt":"2024-07-25T12:41:43","slug":"db-cargo-finances-keep-sinking-despite-salvation-attempts","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=94267","title":{"rendered":"DB Cargo finances keep sinking despite salvation attempts"},"content":{"rendered":"

DB Cargo\u2019s financial performance in the first half of 2024 was markedly worse than in the same period in 2023. In the first six months of this year, the German state-owned operator made a loss of 266 million euros before taxes, 66 million euros more than in H1 2023 (-195 million euros). The poor performance follows some turbulent months with substantial service disruptions and goes against attempts to get the company\u2019s troubled finances in order.<\/strong>
\n<\/span>Last year was a period of moderate financial recovery for DB Cargo. Although half-year and yearly financial performance were negative, they nevertheless improved compared to 2022.<\/p>\n

The company hoped that the relatively positive trend would continue this year, turning the tables and reducing the losses that make it one of the DB Group’s most unprofitable businesses even more. After all, that has been DB Cargo management\u2019s target for some years already: to stop being the group’s financial \u2018black hole\u2019.<\/p>\n