Cargo Logistik Rail Service planned to modernize its fleet and reduce energy and maintenance costs with a powerful, universally deployable locomotive.
To do so, the company sought liquidity-preserving financing on economically attractive terms in the current interest rate environment.
At the same time, the customer wanted to strengthen its appeal as an employer with state-of-the-art technology in order to counter the shortage of skilled workers.
The customer invested in a Siemens Vectron X Dual Mode so that trains previously hauled by a diesel locomotive can run predominantly on electric power.
Siemens Financial Services financed the investment with a hire purchase solution.
Siemens Mobility handles maintenance, workshop and spare parts management under a service contract with a 16-year term.
Thanks to Siemens Financial Services, we were able to finance the Vectron X Dual Mode and preserve our liquidity. With the new locomotive, we want to reduce energy costs and make our fleet fit for future requirements.
Stephan Carraß, Managing Director, Cargo Logistik Rail Service
The option of electric operation significantly reduces diesel demand compared with a pure diesel locomotive, thus offering considerable cost advantages.
Siemens offers manufacturing, financing and service from a single source. This makes it easier to assess and manage investment risks.
Modern locomotive technology means more comfortable, up-to-date workplaces for employees.
Cargo Logistik Rail Service GmbH The rail service provider from Barleben transports freight in regional and long-distance traffic. It also provides shunting services, construction site logistics and vehicle transfers.
Financing solution for Cargo Logistik Rail Service in Germany
Hire purchase of a Vectron X Dual Mode for a rail service provider
Financing solution for Cargo Logistik Rail Service in Germany
Hire purchase of a Vectron X Dual Mode for a rail service provider
Completion: 2026
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