Oireachtas Joint and Select Committees

Wednesday, 16 December 2020

Joint Oireachtas Committee on Transport, Tourism and Sport

Impact of Brexit on Haulage, Freight, the Ports and Ferry Companies: Discussion

Mr. Kieran O'Callaghan:

The Deputy asked a lot of questions. One of the important models he mentioned is Cargolux, in which the Luxembourg Government took a 56.6% stake. The Irish Government has never taken a percentage in anything closely relating to cargo, apart from An Post. It might have invested in ferry operators or aircraft of some type, but not in cargo. To look at another example, the German Government owns DHL. Deutsche Bank, which is owned by the German Government, owns DB Schenker. The logistics and freight forwarding industry is a profitable industry if it is done right. DHL became a conglomerate through global purchasing of other companies. The Deputy referred to Luxembourg. We have identified Liege as the ideal airport because more services depart from it, but also because Liege is centre to the golden triangle of air transport.

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