Russian UVZ-Logistic, part of Uralvagonzavod, El Grupo Empresarial de la Industria Sidero-Mecánica’ (GESIME), a Cuban ferrous metallurgy and machine-building group, and Cuban Union Railways (UFC) have signed an agreement on the creation of a joint transportation logistics company and the modernization of ‘Planta Mecanica’ machine-building plant. The new joint Russian-Cuban company (TLK) aims to to improve
Freight operators
The Czech Republic (ČR) has joined the Rail Freight Corridor North Sea – Baltic. The Czech Republic lies on the intersection of the important European routes: RFC 5 corridor (Baltic– Adriatic), RFC 7 (Orient/East-Mediterranean), and RFC 9 (Czech-Slovak, CS corridor). ČR and the countries of RFC 8 (BE, NL, DE, PL, LT) have thus made efforts
Kazakhstan intends to invest USD 40 billion in transport projects in by 2020 as part of the project to transform the country into a logistics and transit hub in the Eurasian continent. “By 2020 we plan to implement projects with a total amount of investments around USD 40 billion, aimed at removing all
Russia’s leading private wagon leasing firm Brunswick Rail Limited recorded a 20% decline in gross revenue in 2014. Net loss in 2014 was US$ 275.5m as against net profit of US$ 28.0m in 2013, and net cash from operating activities was US$ 166.8m compared to US$ 182.6m in 2013. Its total fleet stood
Slovenian Railways has made a profit for the third year in a row. The group registered a net profit of EUR 14.4 million and an operating income of EUR 557.2 million, up by 10% compared to 2013. The growth in operating income was mostly due to higher revenues from freight transport, SŽ-Tovorni transporting last year nearly
Georgian Railways has joined the Viking container train project, in the framework of the project partners meeting in Vilnius. Viking train is a joint project of Lithuania, Belarus, Ukraine, Bulgaria and Romania connecting Baltic and Black seas with railways. The companies GEFCO Turkey and Steveco could also become freight operators in Turkey and Finland.
JSC Russian Railways Logistics took 50% stake in Latvian rail freight company SIA «Liepajas naftas tranzits» (LNT) through its affiliated partner RZDL Multimodal B. V. LNT is a licensed freight forwarder and registered in accordance with the legislation of Latvia. Russian Railways Logistics strategic goals are focused on the rail
Portugal’s Council of Ministers approved the plan for the privatisation of state-owned rail freight operator CP Carga – Logística e Transportes Ferroviários de Mercadorias SA and Railway Equipment Maintenance Company (EMEF) on March 26. The procedure is expected to be completed before the end of July. Moody’s rating agency has issued a
“Liteyno-mehanicheskiy zavod” (“Casting and mechanical plant”), a subsidiary of Uzbekistan Railways, plans to increase its freight wagon production to 1200 units by 2019. The plant underwent extensive modernisation, the amounts invested reaching USD 120.2 million. Financing for modernisation project was provided Uzbekistan Railways – USD 71.3 , the Fund for Reconstruction and Development of Uzbekistan –USD
BLS Cargo orders 15 Vectron MS multisystem locomotives
The Swiss rail cargo specialist BLS Cargo has ordered 15 Vectron MS multisystem locomotives from Siemens that will be used in cross-border service in Germany (D), Austria (A), Switzerland (CH), Italy (I) and the Netherlands (NL). All traction and train control systems required for the north-south freight corridor are on
0 comment Read Full Article
1 2 3 … 30 Next Page
Log in to access railway data
Business Intelligence
- Russia and Cuba to form joint transport and logistics company 0
- PKP Polish Railway Lines to launch tenders worth PLN 11 bn this year 0
- Core transport network for the Western Balkans agreed 0
- Czech Republic joins the Rail Freight Corridor North Sea – Baltic 0
- KVSZ to produce new electric locomotive for Ukrainian Railways 0
- Kazakhstan to invest USD 40 billion in transport projects by 2020 0
