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 classified as an "Établissement public à caractère industriel et commercial" (EPIC). SNCF's subsidiaries and participations which are led by SNCF Geodis, are grouped in the holding company "Transport et Logistique Partenaires", which is a subsidiary of "SNCF Participations". 1904 – Creation of Transports Rapides Calberson in Le Havre, renamed Société des Transports Routiers Calberson in 1920. In 1961, SCETA took over Société des Transports Routiers Calberson. In 1995, the GEODIS group was created with the merger of Compagnie Générale Calberson, Bourgey Montreuil, SCETA Transport and SCETA International. In 1996, the group was privatized by the decree of August 20, 1996