Privatbanen Sønderjylland

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Privatbanen Sønderjylland ApS (abbreviated PBS, also known under the byname EuroRail) was a Danish railway operating company that existed between 1997 and 2001. Unlike other Danish railway companies at the time, PBS was an attempt to provide railway service on a purely commercial basis and entirely unsubsidised. Headquartered in Tønder in South Jutland, the company specialised in freight transport around most of Jutland.

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Noted for its numerous battles with bureaucracy, the company was partially successful in getting otherwise closed freight lines up and running again. Motive power was obtained primarily through buying second-hand diesel locomotives from DSB, and a number of freight cars were leased from NS, the Dutch railways.

After several attempts to save the company, PBS was declared bankrupt in 2001. A new company, TraXion, was established and based on the remains of PBS, but was also commercially unsuccessful.

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