DB Schenker to Invest in Rail Equipment

7 September 2010 (Last Updated September 7th, 2010 18:30)

DB Schenker Rail will invest €410m ($525.9m) to purchase 1,472 freight cars and 71 locomotives. As part of the modernisation programme, the company will purchase 700 freight cars for the coal and steel sectors and will spend €190m ($243.7m) on repairs to the existing fleet.

DB Schenker Rail will invest €410m ($525.9m) to purchase 1,472 freight cars and 71 locomotives.

As part of the modernisation programme, the company will purchase 700 freight cars for the coal and steel sectors and will spend €190m ($243.7m) on repairs to the existing fleet.

It will also spend €167m ($214m) on locomotives, while the remaining funding will be for various facilities and IT equipment.