Austria’s Gebruder Weiss Enters Romania's Railroad Services Sector

"The launch of railroad services is part of Gebruder Weiss’s strategy to expand in the region," GW regional manager Thomas Moser said in a statement on Tuesday.

He added that the costs of transporting cargo by railway will be lower compared to those of road transportation.

GW entered Romania in 2001 by acquiring 53% of local freight carrier Cargolog Romania. The company employs 180 and has several cargo terminals across the country. It expects its turnover to reach 15 million euro ($22 million) in 2009.

($=0.6806 euro)