10 million and counting

SWISS-BASED full service leasor of capital-intensive hybrid locomotives Euro peanLoc Pool (ELP) has marked a significant achievement: its ELP EuroDual locomotives fleet has surpassed the 10,000,000 kilometres in successful operation milestone.

In a remarkable span of just over three years, its EuroDual locomotives have collectively traversed a staggering distance of over 10 million kilometres, demonstrating “unparalleled performance and unwavering reliability,” said the company.

Since April 1 2020, when the inaugural locomotive hit the tracks, the EuroDuals have consistently exhibited their resilience, necessitating minimal maintenance interruptions and encountering no significant complications. This impressive feat attests to both the unwavering commitment of our team and the exceptional engineering behind the locomotives, reflected by an extraordinary average availability ratio of 96.8%.

At present, the fleet comprises 52 EuroDuals actively operating in Germany, Austria, Norway and Sweden, with test runs commencing this week in Slovenia, Croatia, Serbia and Montenegro. Moreover, within the coming month, it is eagerly anticipating the deployment of the maiden next-generation locomotive, the Euro9000, heralding a momentous expansion of the 6-axle hybrid-locomotives fleet.

Additionally, this year saw the company commemorate its fifth anniversary as European Loc Pool AG.

To honour this remarkable occasion, it hosted an exclusive event, graced by the presence of customers, partners and employees. www.freight-tracks.com

“The event surpassed all expectations, with an impressive turnout of over 160 guests, further amplifying the success of this memorable celebration,” said the company.

IN 2022, a year plagued by a treacherous economic landscape, the Operail group of railway companies boasted an operating income of €61 million and an EBITDA of €10 million. Such remarkable achievements are even more laudable considering the adverse conditions that prevailed throughout the period.

Undoubtedly, the Estonian division of Operail encountered a substantial setback as the volume of goods transported plummeted by 47%. However, the company exhibited resilience by offsetting this decline through the strategic rental of wagons. Additionally, towards the end of the year, freight volumes in Finland experienced a welcome surge, serving as a glimmer of hope amidst the challenging circumstances.

Regrettably, the promising prospects offered by these lines of business will no longer be available to Operail as they move forward from 2023. This development marks the end of an era, necessitating a shift in the company's strategic direction.

During the previous fiscal year, the amalgamated turnover of all Operail's ventures amounted to an impressive 61 million euros, slightly down from the €73 million achieved in 2021. Meanwhile, the EBITDA of €10 million in 2022 showcased the company's robust financial standing, despite a decline from the €17 million recorded in the pre-