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 Geodis became the name of the corporate division of SNCF for all freight and logistics, both internal and international, including non-rail activities. In March 2009 the Geodis take-over of IBM's Global Logistics company first announced in December 2008 was finalised., additionally as part of the purchase deal of the logistics business Geodis became the sole logistics supplier for IBM with a multi-year contract. In September 2009 Veolia Cargo was acquired by SNCF and Eurotunnel, the business units acquired by SNCF were subsequently rebranded along with other international rail freight companies in the SNCF group in February 2010 as Captrain. In