News / Fret SNCF faces bleak future as EC forces it to give up routes

© christophe tausch

Fret SNCF is facing a bleak future as it is poised to relinquish some the best-performing elements of its core business from the start of 2024, as part of an agreement reached earlier this year between France and the European Commission on the rail freight operator’s debts.

Brussels suspected the French authorities of having granted massive illegal state aid to the SNCF subsidiary over the period 2007-2019 to cover colossal losses, which mushroomed into an accumulated debt estimated at Є5.3bn.

Rather than ...