Economy of Paris 27.5 million euro, due to the weak European economy. The SNCF ("Société nationale des chemins de fer français", or "French National Railway Company") is France's national railway company which manages the rail traffic in France and the Principality of Monaco. It operates about 14,000 trains daily. It operates all of France's rail services, including the TGV, France's high-speed rail network. It owns 70 percent of the Thalys high-speed train to Belgium and the Netherlands, and 55 percent of the Eurostar from Paris to London. The SNCF is owned by the France state. In 2014 it had revenues of 36.138 million
SNCF Logistics January 2010 the total acquisition of Ermewa (a major European wagon hire business) by SNCF Geodis via the SNCF subsidiary company "Transport et Logistique Partenaires SA" was cleared by the European Commission. In December 2010, SNCF Geodis completed its purchase of ITL Eisenbahngesellschaft. As of 2010 SNCF Geodis is one of five subdivisions of SNCF. The division is organised into four spheres - Geodis (integrated logistics), STVA (car transportation logistics), Rail transport, and Asset management (rolling stock leasing): SNCF Logistics SNCF Logistics (formerly known as SNCF Geodis) is the division of the SNCF group responsible for freight transportation and logistics.