The Swiss Federal Office for Transport (FOT) and the German Federal Railway Authority (EBA) are set to spearhead the expansion of CargoBeamer’s terminals in Domodossola (Italy) and Kaldenkirchen (Germany), respectively, with their investments. The two public entities will raise 90 million euros in total for the two projects. At the same time, the Germany-based intermodal…
Category: Business
‘Our situation is worse than I thought’, says PKP Cargo President
The Polish state-owned rail operator, PKP Cargo, might be nearing the end of its life due to years of mismanagement and the inability to adapt to a changing market. The current Acting President of the company, Marcin Wojewódka, said that the situation is worse than expected, with both volumes and share values dropping significantly and…
Combined transport in Europe in 2023 down by 10%
Combined transport in Europe in 2023 dropped by 10.57 per cent the number of consignments transported and by 9.39 per cent in the tonne-kilometre performance. This means that these volumes are roughly back at pre-COVID 19 levels after four years of moderate growth between 2019 and 2022. UIRR said this downward trend was caused by…
HHLA off to a rocky start in 2024, last year’s trends continue
HHLA’s intermodal services experienced a “significant decrease in volumes” in the first quarter of 2024. Rail transport fell by 3,2 per cent, while container transport decreased by 5,5 per cent compared to the same period last year. The EBITDA in HHLA’s intermodal segment also dropped significantly in these three months, with a 21,7 per cent…
SNCF chief to step down amid retirement deal controversy
Jean-Pierre Farandou, the current chief of the French railway holding SNCF, will step down on 13 May. However, he will maintain his position until a successor is named, which will be after the Paris Olympic Games coming this summer. Farandou has been under the spotlight over the past couple of days after France’s Finance and…
Ukrainian Railways grows exports by 48,8%
Ukrainian Railways (UZ) has exported 30,4 million tonnes of goods between January and April 2024. This is 48,8 per cent more than during the same period last year. PKP LHS, operating between Poland and Ukraine, shows a similar trend. “In 2024, one of our priorities is to increase the volume of cargo transportation, in particular…
Another Ukraine-Lithuania rail freight connection is in the works
Ukrainian Railways (UZ) and the Lithuanian railway holding LTG Group agreed to develop a new freight service between Kyiv and Klaipėda. “The first test runs of the intermodal cargo transportation route are planned for this year”, LTG added. The initiative is still in its early stages, as a Memorandum of Understanding was recently signed by…
Onrail to take over Oslo-Narvik route, gains DB Schenker as customer
Norwegian rail operator Onrail will take over the Oslo-Narvik freight route. The company will now gain DB Schenker as a customer. Other companies did not manage to propose financially attractive enough deals to the German logistics company. At the moment, the freight route from Oslo to the northern Norwegian port town of Narvik is being…