Events after the balance sheet date
CAPACITY UTILIZATION FACTOR DECLARED INVALID
As of July 4, 2011, DB Netz AG is prohibited from using the capacity utilization factor. By way of a resolution, effective immediately, BNetzA declared this element of the train-path pricing system to be invalid, since the agency determined that DB Netz AG was unable to provide technical justification for the pricing distinction. DB Netz AG has appealed this decision.
INTRODUCTION OF A NOISE-BASED TRAIN-PATH PRICING SYSTEM
On July 5, 2011, the Federal Ministry of Transport, Building and Urban Development, together with DB AG, concluded a benchmark agreement for introducing a noise-based train-path pricing system. The goal of the agreement is a substantial and lasting reduction in track noise. The noise-based train-path pricing system includes higher fees for trains without whisper brakes, and a bonus for freight trains that have been reequipped with noise-reducing technology. Because of financing from a federal subsidy, the noise-based train-path pricing system will be financed in equal parts by the railway sector and the public sector.
APPROVAL FOR ICE TRAINS IN THE CHANNEL TUNNEL
On July 12, 2011, DB Group applied for fundamental approval from the responsible authority to send its ICE trains through the Channel Tunnel. An independent audit has confirmed the necessary characteristics of the vehicles as safety-compliant. Because of the extensive preliminary work that has now been completed, we are optimistic about obtaining fundamental approval for the ICE trains this summer. Additional approval steps are still required before the start of service.
DB SCHENKER REORGANIZES DOMESTIC DISTRIBUTION IN NORTH AMERICA
DB Schenker Logistics will reorganize its domestic distribution business in the United States, Canada and Mexico. However, this decision does not mean a withdrawal from the US market, where DB Schenker Logistics generates about USD 3 billion in revenues annually. In total, the activities affected by this decision make up less than ten percent of American business for DB Schenker Logistics. The reasons for redirecting the business, which was added in 2006 with the acquisition of BAX Global, are the weak economic development in America and the concurrent rise in fuel costs.
The domestic American distribution business consists of an air freight network that previously operated 20 planes, as well as a land transport system with up to 2,000 departures a day.
RESULTS OF THE STRESSTEST FOR THE STUTTGART 21 PROJECT
In connection with arbitration regarding the Stuttgart 21 infrastructure project, DB Group published the report made available by the Swiss company SMA on July 21, 2011, in the Internet. In the final report, the experts of SMA gave the go-ahead for the planned station. In the opinion of the experts, there is no need for further infrastructure measures in addition to the already intended measures for equipping the new lines with conventional command and control technology, as well as the twin-track western link between the airport and the new line.
CONTRACT WON RE-NETWORK SOUTHWEST
At the beginning of July 2011 we won the RE (regional express train)-network southwest awarded in regional rail passenger transport. The contract covers services between 2014 and 2029 and has an annual volume of 5.8 million train km.
Last modified: 28.07.2011