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Company type | Private |
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Industry | Transport |
Headquarters | , |
Area served | Scandinavia |
Revenue | NOK 1.247 billion (2022) |
Owner | Vy |
Number of employees | 402 (2022) |
Website | www |
CargoNet AS is the primary operator of freight trains on the Norwegian railway system.
It was originally formed as NSB Gods after NSB (now Vy) was split into separate passenger and freight companies. NSB Gods changed its name to CargoNet at the beginning of 2002. It was originally owned by NSB (55% share hold) and the Swedish freight company Green Cargo who sold their share to NSB in 2010, making the latter the sole owner. CargoNet AS has a subsidiary company in Sweden called CargoNet AB which was purchased as RailCombi AB in 2002.[1]: 115 However, CargoNet decided to exit the Swedish market in 2011 due to a lack of foreseeable profitability; it later returned during 2020.
CargoNet's operations have been highly centered upon intermodal freight movements. By 2013, twelve freight terminals were being operated by CargoNet, predominantly in Norway and Sweden; operations provide both container and bulk-cargo trains.[1]: 116 Increasing use of real-time monitoring technologies, planning changes, new rolling stock, and other innovations have improved reliability and service levels.