A good year in 2019, but bleak outlook for 2020

BLS Cargo financial performance in 2019 was good as the company successfully completed acquisition of Belgian rail freight operator Crossrail Benelux NV. It is important that we are in a strong position in order to meet the challenge of the current coronavirus crisis.

BLS Cargo turnover last year rose to CHF 293 mill. (+ 24.7%; 2018: CHF 235 mill.), mainly due to the acquisition of Belgian operator Crossrail. On 5th March 2019, BLS Cargo acquired Crossrail Benelux NV’s entire shareholding, backdated with effect from 01.01.2019. 2019 was therefore the first joint business year for the two companies. Profit remained stable at CHF 5.6 mill., the same level as the previous year. The total number of trains operated was 22’265 compared to 17’051 in 2018. The BLS Cargo group now employs over 350 staff in four different countries. 

As part of the logistic sector, BLS Cargo is responsible for ensuring that supplies of goods to the general public are guaranteed. It is a duty which BLS Cargo performs day after day. Nevertheless, the company anticipates a drastic loss in volume and earnings of around 30 percent in the coming months due to the corona crisis, which is mainly due to industrial shutdown in Italy and closure of whole sectors of industry such as automobile manufacturing. There are some positive signs, with trade from China starting to pick up again.

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