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Db regio

The meaning of «db regio»

DB Regio AG is a subsidiary of Deutsche Bahn which operates regional and commuter train services in Germany. DB Regio AG, headquartered in Frankfurt am Main. It is a 100% subsidiary of the Deutsche Bahn Group and there part of the DB Regio business segment, which also includes DB Regionnetz Verkehrs GmbH and other independent subsidiaries.

The company as a mainly nationwide operational company is responsible for all regional transport activities (rail and bus) of the DB Group in Germany. This includes traffic in neighboring countries. For the maintenance of the vehicle fleet, the company operates its own workshops.

The company serves 310 lines with 22,800 trains and 295,000 stops every day.[1] It has about ten million customers.[2]

The DB Regio AG emerged in the course of the second stage of the rail reform on January 1, 1999 from the local transport division of Deutsche Bahn AG.[3] Original plans were for them to be listed on the stock exchange by 2003.[4] An IPO has not yet been implemented.

The articles of association for DB Regio GmbH were concluded on February 12, 1998 and the company was entered in the commercial register on April 6, 1998. Its sole purpose was the "preparation of the outsourcing of the local passenger transport division of Deutsche Bahn Aktiengesellschaft to a newly founded stock corporation in legal, economic and organizational terms".[5] By resolution of April 27, 1999, the company was renamed Deutsche Bahn Erste Vermögensverwaltungsgesellschaft mbH, the object of which was the "administration of its own assets and any activities that are conducive to the aforementioned purpose".[6]

The spin-off of DB Regio Aktiengesellschaft was completed when it was entered in the commercial register on June 1, 1999. The company's purpose was: "Providing, marketing and coordinating transport services for rail and road public transport and the related services; Operation, maintenance, procurement and manufacture of vehicles of all types, in particular locomotives, railcars, railroad cars and buses and coaches; Managing businesses of related companies for their account as well as providing consulting services for third parties. "The company's share capital initially amounted to DM 800 million, which was divided into 80 million shares from various shareholders. The first chairman of the board was Klaus Daubertshäuser. The company's articles of association had already been adopted on November 24, 1998.[6]

In the years 2001 to 2002 a changed management structure was implemented in the company. The previously centrally controlled company was replaced by nine independent national companies, to which the regional train and bus companies were subordinated. The aim of the restructuring was to improve profitability. 400 of the 700 jobs in the DB regional headquarters and around 2500 jobs in the entire company were saved.[7] The regional rail and road traffic was transferred from January 2002 to nine regional lines (North, Northeast, Lower Saxony / Bremen, North Rhine-Westphalia, Hesse, Southwest, Southeast, Bavaria and Baden-Württemberg). The market share of DB Regio in local rail passenger transport (SPNV) in Germany was 92 percent, in the remaining public transport it was seven.[8]

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