Rail News

Locomore Discontinues Train Services Until Further Notice

On August 01 2017, German crowdfunded open access operator, Locomore, opened insolvency proceedings and cancelled all of its services between Berlin and Stuttgart until further notice.

The company said in a short statement on its website that it is still trying to find a positive solution for train traffic.

Locomore
Locomore Innotrans 2016 © Frank Paukstat (license)

World’s First Crowdfunded Train

Almost 18 months ago we ran a feature about a start-up company, Locomore, who wanted to get a crowdfunded train up and running between Berlin and Stuttgart (via Hanover and Frankfurt), Germany, once a day in each direction.

In the first four weeks of operation, the service had been used by 25,000 passengers, with some trains receiving demand that exceeded capacity.

Related Post:  German Transport Minister Launches Additional Rail Projects

Forced to File for Insolvency

In May, in a statement on the company’s website, Locomore announced that despite seeing growth in ridership and revenue per passenger, it was “not fast enough to be fully-cost effective”, leaving them no choice but to file for insolvency.

Locomore did initially continue to operate some services while it looked for new investors.

FOR ALL THE LATEST INFORMATION, NEWS, IMAGES, VIDEOS AND ARTICLES ON ALL ASPECTS OF ROLLING STOCK, PLEASE CLICK HERE

News categories

23 Jan 2019
Allianz Pro Schiene Criticises German Government for Not Reflecting Carbon Cost in Transport Taxatio...
14 Jan 2019
13 Must-Read Rail News Stories – Industry Insider for Weeks 1 and 2
10 Jan 2019
Deutsche Bahn Launches Upgrade of 600 Older Signal Boxes
19 Dec 2018
Bayerische Oberlandbahn Signs Contract with Alstom for 25 Coradia Lint Regional Trains
17 Dec 2018
German City of Karlsruhe to Get Additional 20 Bombardier FLEXITY trams
17 Dec 2018
11 Must-Read Rail News Stories for Week 50
10 Dec 2018
Ready for Something New? Schlatter Set to Launch New Service Portal
10 Dec 2018
10 Must-Read Rail News Stories for Week 49
Subscribe to Railway-News
Get the latest contract alerts and Railway News emailed directly to your inbox.

We respect your privacy and take protecting it seriously.

Please tick to confirm you would like to receive emails we think may be of interest to you. We sometimes tailor the content you see to what we think you'll find interesting, and so monitor your interaction with our website and email content (find out more).