The Belgian regions of Flanders and Wallonia are joining forces in an effort to keep Lineas, the main rail freight operator in the country, alive. The two regions, with a couple of Belgian banks, will provide a total of 46 million euros to keep the company financially afloat. Lineas has been struggling financially, mostly due…
Category: Lineas
European rail a mixed bag: Polish PKP Cargo profits while others struggle
Rail freight operators in Europe are performing very differently. Big names such as DB Cargo and Lineas are in trouble, but in Poland, the annual figures were an invitation to uncork the champagne bottle. Despite the call for more sustainability in logistics and transport, freight transport by rail is not always an attractive modality for…
Lineas sets up new route to facilitate COSCO’s disrupted sea services
Lineas has set up a new rail freight connection between Zeebrugge in Belgium and Graz in Austria. The service is launched in collaboration with CSP Zeebrugge, a COSCO Shipping Lines terminal. The purpose is to keep COSCO’s supply chain towards Austria running since traffic that used to be directed there via the Greek port of […]
Belgian state increases stake in ailing Lineas to 45%
The Belgian state has increased its stake in the ailing Belgian rail freight carrier Lineas to 45 per cent through the government fund SFPIM. This is the result of a new capital injection of a total of sixty million euros into the rail company that has been making losses for years. Lineas, which still describes […]