A Locomore train in Stuttgart. Berlin rail startup Locomore has been placed into administration just months after it launched a challenge to state-owned monolith Deutsche Bahn, which dominates long-distance train travel in Germany. Launched in mid-December with modernized 1970s carriages and lower prices than Deutsche Bahn, Locomore offered one return trip per day between Berlin and Stuttgart, and had plans to expand to other lines. Deutsche Bahn still operates 99 percent of long-distance services in Germany, despite the sector being liberalised in 1994. READ ALSO: Meet the Berlin startup taking on Deutsche Bahn

Source: The Local May 12, 2017 11:48 UTC