Veolia Transport (formerly Connex) was the international transport services division of the French-based multinational company Veolia Environnement until the 2011 merger that gave rise to Veolia Transdev. Veolia Transport traded under the brand names of Veolia Transportation in North America and Israel, Veolia Transport, Veolia Verkehr in Germany and with the former name Connex preserved in Lebanon and Jersey.
In 2007, the group posted revenues of €5.6 billion in 2007, and sold Veolia Cargo, the rail freight branch of Veolia Transport in 2009 to SNCF and Eurotunnel.
A merger between Veolia Transport and Transdev was announced on 23 July 2009. Transdev was then a subsidiary of Caisse des Dépôts. The merger was completed in March 2011. Veolia Transdev became the world's private-sector leader in sustainable mobility with more than 110,000 employees in 28 countries.
In July 2011, amid disappointing financial results, Veolia Environnement announced the launch of new restructuring plans and redeployment of assets and businesses. In December 2011, Veolia announced a €5bn divestment program over 2012-2013. As part of this programme, Veolia would divest its participation in Veolia Transdev and exit the transport business altogether.
Until 2011, Veolia had diverse road and rail operations across the globe, employing 72,000 workers worldwide and serving completely or partly about 40 metropolitan areas with more than 1,000,000 inhabitants.
Famous quotes containing the word transport:
“One may disavow and disclaim vices that surprise us, and whereto our passions transport us; but those which by long habits are rooted in a strong and ... powerful will are not subject to contradiction. Repentance is but a denying of our will, and an opposition of our fantasies.”
—Michel de Montaigne (1533–1592)