business
Wednesday, January 21, 2015
The rapidly growing remote bus market sets the path under considerable pressure. In competition with the road, the company now wants to make a fresh start. At the same time admitted CEO pit to have had in the past year higher goals.
The German railway intends to launch a counter-attack on the growing remote bus competition in the spring. “We will go with the long-distance transport in the offensive and build on the passenger records of the past year – and even surpass,” said Deutsche Bahn CEO Ruediger Grube. In March we will be presenting to the Supervisory Board for a long-term sustainable and attractive concept. In February, we will also present a new strategy for its own bus fleet. “We are long-distance transport – whether by rail or road – act decisively.”
To protect the path of the remote bus transport in Germany up to 2012 was largely prohibited by law. However, after the liberalization of 2013, the market is booming with new providers. Some have already withdrawn because of fierce price competition. The two leaders, MeinFernbus and Flixbus, merged recently and want their offer in 2015 almost doubled. Bus tickets are much cheaper, although the trips generally take compared to train longer.
More aboutThe web had the market initially underestimated. Pit acknowledged the competition will have cost the State Company EUR 120 million in 2014. The decline in fuel prices also make the car more attractive in comparison to the web. New customers from the web also got the long distance buses by the strikes of the train drivers’ union GDL. These strikes have cost the company more around 150 million euros, miner said.
Along with the effects of storms in the spring of the web as well have missed their profit targets. “We are moving, what sales and operating income relates, broadly at last year’s level,” Grube said. “We had set ourselves more.” 2013 he rode to an operating profit of around 2.2 billion euros the web. The conversion was about 39 billion euros.
Source: n-tv.de
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