Rail Cargo Group transfers Logisztár Terminal to South Korean LX Pantos

Rail Cargo Group transfers Logisztár Terminal to South Korean LX Pantos
© Rail Cargo Group

The terminal located between Budapest and the Balaton Lake is now rented by the South Korean logistics company.

Rail Cargo Group has officially transferred the operations of the Logisztár Terminal, located in Sóstó Industrial Park, to LX Pantos, a South Korean global logistics firm. The handover event saw Christoph Grasl, a board member of Rail Cargo Group, passing the operational control to Jeonghwan Woo, EU Regional Biz Group Leader of LX Pantos.

The Logisztár Terminal spans 36,000 square meters and is strategically positioned next to Székesfehérvár, Hungary. This location is advantageous due to its proximity to the M7 motorway, enhancing its accessibility. The terminal, equipped with two 360-meter-long rail tracks, is designed to support the logistical requirements of Hungary's growing EV industry and align with the national economic goals.

The collaboration between Rail Cargo Group and LX Pantos aims to leverage the complex rail logistics capabilities of Rail Cargo Group to tap into the automotive and battery transport markets in Europe. This partnership was formalized earlier with a signed agreement, affirming both parties' commitment to this venture.

Christoph Grasl expressed his view that the collaboration would position the facility to support the business goals of LX Pantos, which operates globally across rail, sea, and air transport sectors. He highlighted that Rail Cargo Group’s extensive rail transport network across Europe and its specialization in advanced rail logistics, intermodal transport, and traction, along with a robust network in the automotive transport sector, would create conducive business conditions for LX Pantos’s logistics operations in Europe.

Jeonghwan Woo of LX Pantos said that the Székesfehérvár Rail Terminal will become a pivotal hub linking Asia and Europe, integrating seamlessly with international ocean and rail transport networks. LX Pantos plans to offer optimized logistics solutions to its customers, leveraging this new hub.

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