FS Logistix has acquired a 30% stake in Modalink, a joint venture with Lineas, to manage the Antwerp Mainhub rail terminal and enhance rail freight connectivity between Belgium and Italy.
Target Information
FS Logistix, a subsidiary of the FS Italiane Group and a multimodal system operator, has acquired a minority stake in Modalink, a new joint venture established with Lineas, the largest private rail freight operator in Europe. This venture is focused on managing the Antwerp Mainhub rail terminal, which annually handles 1.5 million tons of goods and operates 2,500 trains.
Industry Overview
Belgium's rail freight market is witnessing a positive growth trajectory, estimated to increase by approximately 2% annually from 2023 to 2029. This growth is spurred by a strategic emphasis on enhancing logistics efficiency and connectivity of rail transport services across key European routes, including between Belgium and Italy.
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The Antwerp Mainhub, being part of the second-largest container port in Europe, plays a crucial role in supporting this growth by providing excellent infrastructure, including 200,000 square meters of
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FS Logistix
invested in
Modalink
in 2023
in a Joint Venture deal