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Eurotunnel Group
Getlink, formerly Groupe Eurotunnel, is a European public company based in Paris that manages and operates the infrastructure of the Channel Tunnel between England and France, operates the Eurotunnel Shuttle train service, and earns revenue on other trains that operate through the tunnel (Eurostar passenger and DB Schenker freight). Groupe Eurotunnel was established on 13 August 1986 to finance, build, and operate the Channel Tunnel under a concession granted by the French and British governments. The tunnel was constructed between 1988 and 1994 by TransManche Link (TML) under a contract issued by Groupe Eurotunnel; construction costs would overrun considerably, from TML's original estimate of £4.7 billion to the final cost of £9.5 billion. On 6 May 1994, the completed tunnel was officially opened. Its rail infrastructure comprises of double track railway in the main tunnels, plus extensive surface-level terminal facilities at Folkestone in England and Calais i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Societas Europaea
A ''societas Europaea'' (, ; "European society" or "company"; plural: ; abbr. SE) is a public company registered in accordance with the corporate law of the European Union (EU), introduced in 2004 with the Council Regulation on the Statute for a European Company. Such a company may more easily transfer to or merge with companies in other member states. As of April 2018, more than 3,000 registrations have been reported, including the following nine components (18%) of the Euro Stoxx 50 stock market index of leading eurozone companies (excluding the SE designation): Airbus, Allianz, BASF, E.ON, Fresenius, LVMH Moët Hennessy Louis Vuitton (and its parent company Dior), SAP, Schneider Electric and Unibail-Rodamco-Westfield. National law continues to supplement the basic rules in the Regulation on formation and mergers. The European Company Regulation is complemented by an Employee Involvement Directive which manages the rules for participation by employees on the company ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DB Schenker
DB Schenker is a division of German rail operator Deutsche Bahn that focuses on logistics. The company was acquired by Deutsche Bahn as Schenker-Stinnes in 2002. It comprises divisions for air, land, sea freight, and Contract Logistics. History In his biography, then CEO of Deutsche Bahn Hartmut Mehdorn justified the acquisition of international logistics companies with customer demand. In 2000, analysis had shown the 200 largest customers ship up to 60% of their freight abroad. Since the core operating territory had been Germany, customers were lost to competitors with a more compelling international offer. There was no time to grow organically in such markets.Hartmut Mehdorn: ''«Diplomat wollte ich nie werden»''. Hoffmann und Campe, Berlin 2007, , p. 114. This analysis led to the acquisition of Stinnes AG and the associated brand name Schenker. Since December 2007 DB Schenker has been the freight logistics subsidiary of Deutsche Bahn. DB Schenker combines all transp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monopoly
A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or company, enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a Market (economics), market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterized by a lack of economic Competition (economics), competition to produce the good (economics), good or Service (economics), service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MyFerryLink
MyFerryLink was an English Channel passenger and freight ferry company which began operating between Dover and Calais in August 2012. The MyFerryLink fleet consisted of two modern ferries – sister ships the and the – that carried passengers and freight, and one dedicated freight ship, the . It was formed following the liquidation of SeaFrance. MyFerryLink offered passengers up to sixteen sailings between Dover and Calais every day, and additional services for freight. The ships were leased to a workers' co-operative, Scop SeaFrance, that operated the company's sailings between Britain and France and employed all the on-board staff. It was a '' société coopérative et participative'', or ' History On 6 June 2013, the UK Competition Commission ruled that Eurotunnel, which leased the three MyFerryLink vessels to the SCOP, could no longer operate ferry services from Dover, due to the proportion of the cross-Channel market that they held as a result. The ruling was appe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FirstGroup
FirstGroup plc is a British multi-national transport group, based in Aberdeen, Scotland.Companies House extract company no SC157176 FirstGroup plc The company operates transport services in the and . It is listed on the and is a constituent of the FTSE 250 Index.
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GB Railfreight
GB Railfreight (GBRf) is a rail freight company in the United Kingdom. As of 2022, it is owned by the global investment company Infracapital. GB Railfreight was established in April 1999 as the rail freight operating subsidiary of the train operating company GB Railways. It was granted an operator's licence in June 2000, and started running Intermodal container trains in February 2002; the haulage of other freight traffic commenced later that year. GBRf acquired numerous Class 66 locomotives to haul its trains; another early type would be the Class 20 and Class 73 locomotives. In August 2003, GBRf, via its parent company GB Railways, was acquired by FirstGroup; it was later rebranded as ''First GBRf''. In 2005, it began running services for Royal Mail and Metronet; two years later, First GBRf ran its first coal trains. In 2009, it was granted a passenger license, after which it operated such services under contract to First Great Western. In June 2010, the company was acqui ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Veolia Cargo
Veolia Cargo was a European rail freight transportation company that operated mainly in France and Germany. On 2 September 2009, the company was acquired by Eurotunnel and SNCF, the deal being finalised on 1 December 2009. History Prior to the creation of the subsidiary company, Veolia Transport operated both freight and passenger trains. The acquisition of 50% of the shares in Dortmunder Eisenbahn in 2005 gave Veolia a significant rail freight transport presence in Germany; as Dortmunnder Eisenbahn operated trains for the industrial giant Thyssen-Krupp, as well as operating the port of Dortmund. Veolia Cargo was set up as a branch of Veolia Transport in 2006.Veolia Cargo (press kit) ''www.veolia-cargo.com'' Previously the rail freight operations had been done under the Connex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SNCF
The Société nationale des chemins de fer français (; abbreviated as SNCF ; French for "National society of French railroads") is France's national state-owned railway company. Founded in 1938, it operates the country's national rail traffic along with Monaco, including the TGV, on France's high-speed rail network. Its functions include operation of railway services for passengers and freight (through its subsidiaries SNCF Voyageurs and Rail Logistics Europe), as well as maintenance and signalling of rail infrastructure (SNCF Réseau). The railway network consists of about of route, of which are high-speed lines and electrified. About 14,000 trains are operated daily. In 2010 the SNCF was ranked 22nd in France and 214th globally on the Fortune Global 500 list. It is the main business of the SNCF Group, which in 2020 had €30 billion of sales in 120 countries. The SNCF Group employs more than 275,000 employees in France and around the world. Since July 2013, the SNCF Grou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurotunnel Calais Terminal
The Eurotunnel Calais Terminal (also known as the Charles Dickens Terminal or Coquelles Terminal) is a railway terminal built for the transport of road-going vehicles on specially constructed trains through the Channel Tunnel. The terminal is one of two, with the Eurotunnel Folkestone Terminal located at Cheriton, near Folkestone. History As part of the Channel Tunnel project, the plan for services included the use of dedicated shuttle trains that would carry both passenger and freight vehicles between Britain and France, which would compete with the cross-channel ferries. In order to accommodate these services, it was planned to build a brand new vehicle terminal on each side of the tunnel that would allow cars and lorries to be loaded quickly onto the trains. The site chosen for the French terminal was Coquelles, near Calais, not far from the French tunnel portal. The site chosen was a large greenfield area of more than 1700 acres, which provided significantly more s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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