In October 2013, it was announced that the joint venture would manage a new intermodal service between Porto and Tarragona on behalf of the French freight operator Geodis and the Portuguese logistics provider SPC [pt].

[11] During early 2017, Ibercargo Rail started transporting vehicles built by Renault from Spain to Portugal on behalf of the Spanish National Railways subsidiary Pecovasa.

These trains, which comprised Pecovasa wagons hauled by Vossloh Euro 4000 locomotives, were typically ran twice per month, but could vary based on customer requirements.

[5] Additional certifications across the company's operational spectrum were secured during the 2010s and early 2020s, enabling it to, amongst other things, directly undertake the training of its drivers and certify its safety management system as well.

The purchase required the approval of regulatoratory bodies due to its potential impact on competition.

[15][16] On 1 January 2024, Takargo Rail was rebranded as Captrain Portugal S.A. to clearly indicate its ownership and to align its branding with that of its new parent company.