Güterverkehr: DB Cargo gerät bei EU-Vorgaben unter Zeitdruck

Berlin - The German Federal Ministry of Transport is concerned about the long-term viability of Deutsche Bahn's freight division, DB Cargo AG. The CDU-led ministry stated on Friday that the company's economic situation, despite initial progress in the transformation process, remains extremely strained. Compliance with the guidelines set by the EU Commission is "imminently at risk".

Consequently, additional consultations with the Brussels authority are deemed necessary. The first step involves the upcoming reporting cycle to the EU Commission. Specific details regarding the procedure are still being negotiated. The freight division, which is projected to be unprofitable this year, must adopt a financially sustainable and long-term viable restructuring plan.

DB Cargo AG's Chief Executive, Bernhard Osburg, revealed on Thursday that the company's loss will be exacerbated by a one-off expense from its UK subsidiary due to write-offs on balance sheets. The sale process for the UK subsidiary has already commenced. Industry sources indicate that the value adjustments total around 260 million Euros and must be recognized this year, anticipating firm bids.

Given the rapid approach of binding offers, achieving a zero profit for DB Cargo by 2026 seems increasingly unlikely. However, the restructuring effort within the domestic market is progressing better than anticipated.