BLS Cargo acquires Belgian rail freight company Crossrail

By acquiring the company, BLS Cargo ensures sustainable access to transport services in Belgium and Germany

BLS Cargo acquires Belgian rail freight company Crossrail

On 5th March 2019, Rhenus and BLS Cargo reached an agreement allowing BLS Cargo to acquire Crossrail’s entire shareholding, backdated with effect from 01.01.2019.

The takeover is subject to approval by the relevant competition authorities. “The takeover enables us to  further improve our position on the north-south corridor whilst safeguarding and expanding the important link to Belgium and the ports of Antwerp and Zeebrugge», states BLS Cargo CEO Dirk Stahl.

BLS Cargo generates around one third of its turnover with traffic flows starting or terminating in Belgium. BLS Cargo has already been working closely with Crossrail for two years, primarily for services running east of the Rhine through Germany.

BLS Cargo and Crossrail have similar lean company structures and both focus on traffic carried on the Belgium-Germany-Switzerland-Italy freight corridor. Crossrail currently employs around 180 staff and has a turnover of EUR 70 million. „As a freight corridor service provider, Crossrail is very similar to BLS Cargo, in addition to which we are a perfect match geographically“ notes Dirk Stahl.