On 28 July 2025, Italian Fhp Group announced it had acquired all shares in Lotras, a rail logistics company based in Foggia, through its subsidiary Cfi. With this move, the group, controlled by the F2i infrastructure fund, is launching the integration process with Cfi Intermodal with the aim of establishing Fhp Intermodal, a new nationwide hub for freight transport by rail.
The deal also marks a renewal of corporate governance. The new Lotras board of directors has confirmed Armando De Girolamo in the role of vice-president, alongside Angelo Accomando, who has been appointed chief executive officer. Completing the leadership team are Umberto Masucci as chairman, and Paolo Cornetto and Marco Mantoan as board members. This new structure is designed to ensure both continuity and strategic vision at a crucial time for rail intermodality.
Fhp Group, active in port and rail logistics for bulk cargo, is embarking on a path of organisational and corporate integration between two complementary entities. The launch of Fhp Intermodal, expected in the coming months, represents a key component in the group’s broader strategy to strengthen the national rail freight network and meet growing demand for low-impact logistics solutions.
“I’m very proud to take the baton and lead Lotras, succeeding its founder Armando De Girolamo,” stated Angelo Accomando. “Together with all Lotras colleagues and with his support in his new role, we will continue to grow the company sustainably, pursuing the path of service innovation in the interest of our clients. I will also focus on facilitating the organisational integration process between Lotras and Cfi Intermodal. I’m confident this integration will bring value to all our customers.”
Accomando’s words are echoed by De Girolamo’s own long-term vision: “After developing and managing Lotras for over thirty years, in 2023 my family sold 90% of the company to Cfi because we believed in the sector rationalisation plan put forward by F2i. Now, having led the company until today, we have decided to sell the remaining shares. In my new role, I will continue to support the project and work alongside the CEO as needed, maintaining relationships with our long-standing clients and helping to shape new services.”
