In March 2015, the Government of Serbia announced its plan to establish three new railway companies, splitting the Serbian Railways state-owned company in separate businesses – passenger (Srbijavoz), cargo (Srbija Kargo) and infrastructure (Serbian Railways Infrastructure).[4] Srbijavoz was founded on 10 August 2015, as the national passenger railway company of Serbia, after being split from the Serbian Railways, in the process of reconstruction and better optimization of business.[5]
In May 2018, Srbija Kargo ordered eight Vectron locomotives manufactured by Siemens in Germany, worth 32 million euros.[6][7] It also announced that it will overhaul its 1,100 wagons during 2018.[6] In August 2019, Srbija Kargo announced the sale of 750 non-operational wagons worth over 2 million euros.[8]