Wikipedia
Rhein-Sieg-Eisenbahn
The Rhein-Sieg-Eisenbahn or RSE is a German company founded by the Verkehrsclub Deutschland (Transport Club of Germany) and interested private individuals with the primary purpose of saving a threatened industrial line, the Beuel–Großenbusch railway.
A joint venture RSE Cargo was formed with logistics company Hoyer with RSE providing a railway company licence. In 2000 Hoyer acquired a majority share in RSE Cargo and renamed it Hoyer Railserv.