Report: DB Cargo set to raise rail freight rates
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Sources at German newspaper Spiegel have said that DB Cargo is set to raise its rail freight rates by as much as 45%.
The report by Spiegel says that the decision has been justified on the basis of higher energy costs and rising inflation.
Holger Loesch, Deputy General Manager of the Federation of German Industries (BDI), told Spiegel that the price increases would come “at the wrong time”, and impact many in the industry amid a “very tense economic situation”.
Loesch added that although he understands that companies need to pass on increased energy prices to their customers, those higher prices “are slowing down the urgently needed strengthening of the railways to achieve climate goals and promote a shift back from the road.”
Spiegel writes that the aforementioned price increase of up to 45% will only affect those customers who pay DB Cargo’s list price. The rise will be lower for customers with a framework agreement.