Waberer’s signs strategic agreement with Kazakh KTZ Express

According to the information, the terminal is part of the Trans-Caspian International Transport Route (Middle Corridor) – the new Silk Road – European It will serve as its end point and logistics hub. In addition to the development, the parties also agreed to jointly manage container traffic from China to Europe, with Waberer’s Group handling rail and road transport within Europe, while KTZ is responsible for Asian transport routes.

As a central player in the new Silk Road, Kazakhstan and KTZ Express are implementing significant infrastructure developments in Central Asian countries, through which routes hundreds of thousands of container units (TEU) of goods are already being moved, and with increasing volumes – they announced. The terminal to be established in the Budapest area will be the westernmost European logistics hub for this rail and sea connection.

Szabolcs Tóth, Waberer’s Deputy CEO for Strategy and Finance, highlighted in the announcement that this partnership is a historic opportunity not only for Hungary, but also for the Waberer’s Group. It is a step of strategic importance for Hungary in terms of transport, as the development will make it the European bridgehead of the New Silk Road program, further strengthening their prominent role in global transport chains.

KTZ Express has chosen Waberer’s Group as its sole Hungarian partner, which represents significant international recognition, and will thus create an intermodal terminal collection point capable of supplying the whole of Europe, from where goods can efficiently reach different countries in Europe. The development of the joint terminal simultaneously strengthens the diversification of their portfolio and fits into their rail-logistics plans, with which they are building an integrated system of road, rail and intermodal services, he added.

The Waberer’s Group is a leading European road logistics company with its own fleet and the market-leading complex logistics service provider in Hungary. The Group also has a dominant position in the Hungarian market in the field of motor vehicle and transport-related insurance.

The company’s shares are listed in the premium category of the Budapest Stock Exchange. Over the past year, Waberer’s shares have traded between 3,550 and 5,420 forints.