Waberer’s Group, listed in the Premium segment of Budapest Stock Exchange, has signed a strategic cooperation agreement with KTZ Express, the international intermodal logistics subsidiary of Kazakhstan’s state railway company. The agreement aims to establish a joint venture to develop and operate an intermodal terminal in the Budapest region, serving as the European endpoint and logistics hub of the Trans-Caspian International Transport Route (also known as the Middle Corridor) – the New Silk Road. In addition to the infrastructure development, the parties also agreed to jointly manage container traffic from China to Europe. Waberer’s Group will be responsible for rail and road transportation within Europe, while KTZ will handle the Asian transport routes.
This collaboration marks a significant milestone in the implementation of Waberer’s Group’s strategic plan through 2031, which prioritizes the diversification of its service portfolio and the strengthening of its rail logistics capabilities. The newly signed agreement aligns with the company’s strategic direction in the rail logistics segment – as reflected in its 2024 acquisition of a majority stake in the PSP Group and the strategic memorandum signed with GySEV CARGO – and represents another step toward building a globally significant intermodal network.
European logistics hub will be built (....)