Crowdfunded railway company Locomore files for insolvency – Global Rail News
Photo: Locomore. A crowdfunded German train operating company that began running services in 2016 has filed for insolvency. Locomore was launched as a low-cost alternative to DB but despite growth in its revenue- the venture has not become cost-effective. In a statement released on its website, a spokesperson for Locomore said (Translated from German): Both…