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Downturn sees ICF staff and services go.
(From Lloyds List)
Byline: 'Prohibitive operating costs' force widespread restructuring at rail freight operator, with 25% decrease in annual traffic volumes expected, writes Roger Hailey
SWISS-based Intercontainer, the pan-European rail freight operator, is axing Channel Tunnel services from December 12 as part of a major downsizing that will see the intermodal specialist close its French rail hub in Metz.
ICF whose 13 shareholders include some of the biggest state-owned railways in Europe will also shed 70 staff, a third of the workforce, at its Basel headquarters. A further 19 jobs will go at Metz.
ICF expects its annual traffic volumes to fall by 'a maximum' of 25% to 550,000 teu in 2005.
ICF blamed the withdrawal of Channel Tunnel trains on 'prohibitive operating costs'. Customers will either use alternative tunnel operators or ferry their volumes to the Belgian port of Zeebrugge, which is to be served by additional ICF through trains to Italy.
The operational about turn shutting its hub and spoke system in favour of block shuttle trains comes as representatives of the four biggest shareholders (SNCF of France, SNCB in Belgium, Railion in Germany and Trenitalia of Italy) took control of the ICF board.
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