Latvian Railways (LDz) have appointed a new board chairman to tackle challenges that the state-owned company faces in the current geopolitical situation.
ROSCO company Beacon Rail is taking over another big company in the European locomotives and trains leasing market: Mitsui Rail Capital Europe.
In an exclusive interview with RAILMARKET.com NEWS, Katerina Adams, Sales Director of Forwardis GmbH, explains her views on European railway logistics markets, its recent changes, trends and needs.
After DB Cargo announced another year in red figures, the DIE GÜTERBAHNEN association criticised the government for preferring subsidies to a single company instead of investments for the entire system.
FS Italiane Group has acquired German company Exploris through its subsidiary Mercitalia Logistics which owns 100% of TX Logistik AG. By this step, FS owns HSL and becomes the second-largest operator in Germany.
While containers, coal and other dry bulk decreased, agribulk, iron ore, scrap, and LNG increased in the first half of 2023 in the Port of Rotterdam. The port also signed agreements to expand the container terminals.
Electric locomotives leasing company Railpool signs a contract with Alstom to deliver 50 Traxx Universal multisystem locomotives.
Wabtec Corporation signed an agreement with PT IMECO to support parts for the 150 Wabtec CM20EMP locomotives of PT KAI.
Lithuanian rail freight operator Lietuvos Geležinkelių Group (LTG) Cargo will buy electric locomotives for domestic use for the first time in its history. Around 100 million EUR will be spent on the purchase.
Overall 4.5 billion EUR for 436 new trains, 57 overhauled trains and 50 locomotives. This is one of Europe’s major fleet renewal plans by the Spanish state-owned Renfe.
The newly-formed Canadian Pacific Kansas City (CPKC) Class I railroad in North America has revealed the livery that will be applied to its locomotives. At the same time, a new link between Mexico, Texas and the US Southeast was created.
Based on the financial report for the 2022 fiscal year, Kombiverkehr achieved higher volumes and revenues despite the inflation, high energies and disruptions in infrastructure.
Rail Cargo Group (RCG) has just secured 9.5 million tonnes of cargo shipments for voestalpine plants, both for raw materials and finished goods, until the end of 2025.
The European Bank for Reconstruction and Development (EBRD) has announced a loan of €200 million to Ukrainian Railways (Ukrzaliznytsya or UZ).
SBB, the Swiss Federal Railways, is buying back the 35% stake in the rail freight carrier SBB Cargo from its minority shareholder, Swiss Combi.
Polish national rail freight carrier, PKP CARGO, achieved encouraging financial results in Q1 2023, mostly as a result of the high demand for coal in the previous period. The focus on profitability will remain as signs of an economic slowdown are ahead.
Operail, the Estonian state-owned railway company, has managed to weather a difficult financial year by divesting non-strategic businesses.
Wabtec Corporation and Deutsche Bahn (DB) have officially signed an agreement to collaborate on optimising the maintenance and operation of Wabtec equipment installed on Deutsche Bahn trains.
The Canadian government-owned passenger rail company VIA Rail Canada Inc. will have a new CEO from 12 June 2023. Mario Péloquin will lead the company.
Spanish railway operator Renfe signed a cooperation agreement with the Chilean state railway company, EFE. The Memorandum of Understanding aims at materialising future collaborations.