The company’s organic development, the increase in turnover and profita­bility in a dwindling market, as well as staff retention and development, represent some of the main aspects of the company’s strategy for 2024, company officials also said.

The company, previously known as DB Schenker Rail, bolstered its local business each year and in 2016 underwent a rebranding process and took over the name of DB Cargo. The company, present in Romania since 2000, reported net profit of RON12 million and 1,001 employees in 2023, according to officials.

Deutsche Bank Cargo Romania competes with state-run CFR Marfa, as well as with private operators like GFR (the largest private carrier), Transferoviar Grup and others in Romania.

Deutsche Bahn Group also controls DB Schenker in Romania, the logistics unit.

Subiecte #Deutsche Bahn Cargo Romania#earnings