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DB Cargo in crisis

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DB Cargo in crisis

The EVG union has expressed concern about the current situation at the freight railway DB Cargo. “There is no overall strategy as to how to run this company economically and how to get more goods on the rails,” said EVG deputy chairwoman Cosima Ingenschay. A comprehensive transformation is currently being worked on. Ingenschay, who is deputy chairwoman of the supervisory board at DB Cargo, criticized the fact that employee representatives were not sufficiently involved. DB Cargo has been in the red for years. In 2022, the railway put the loss in the annual report at 665 million euros (adjusted EBIT). In 2021 it was minus 467 million euros. According to consistent media reports, the company again generated a loss of around half a billion euros in 2023. The exact business figures are to be published in March.

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