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 and other non-rail freight businesses of SNCF-Sceta, were combined into Compagnie Générale Calberson which was renamed as Geodis. The Geodis group was subsequently privatised in 1996. In 1997 Tailleur Industrie was acquired, in 2000 the express delivery service Extand was sold to the UK Post Office, and had acquired the cargo operations of the Italian firm Züst Ambrosetti by the end of the year. A partnership with the German air and sea freight firm Rohde & Liesenfeld begins in 2002 leading to its acquisition and incorporation into the subsidiary Geodis Wilson in 2008. Additionally the group begins to handle forwarding