The Middle Corridor, a multimodal China-Europe freight route through Central Asia, has garnered international interest as a potential alternative to transporting freight through Russia. Illustratively, the EU has allocated 10 billion euros for its development. The corridor remains too expensive to become a route of preference, explains Roland Verbraak, general manager of BTTMultimodalGroup. BTT, a…
Category: Business
English city promotes rail freight for industrial development
Doncaster is playing its railway card in a bid to attract investment. The north of England city is leveraging its rich railway heritage as a catalyst for industrial investment. It’s a novel way to harness the collateral benefits of rail development. It may just pay off for the city, which is often overshadowed by more…
Short-term TAC hikes put transport contracts under strain
In a bid to combat the crippling impact of skyrocketing track access charges, European rail operators are calling for urgent short-term support measures. The clarion call comes amidst a flurry of criticism following Germany’s recent hefty price hike program, among others. Apart from Germany, which will increase TACs by 16 per cent, Sweden and Portugal…
Short-term TAC hikes put transport contracts under strain
In a bid to combat the crippling impact of skyrocketing track access charges, European rail operators are calling for urgent short-term support measures. The clarion call comes amidst a flurry of criticism following Germany’s recent hefty price hike program, among others. Apart from Germany, which will increase TACs by 16 per cent, Sweden and Portugal…
ProMedia enters industrial market with acquisition of Industrielinqs
ProMedia Group recently signed a Letter of Intent for the acquisition of Industrielinqs press and platform, a leading publisher in the process industry. With this strategic acquisition, ProMedia aims to expand its leading positions in transport, logistics, and mobility into the industrial sector. The acquisition, expected to be completed by the coming summer, marks a…
Open Modal commission state-of-the-art combi terminal near Marseille
France’s Open Modal Group has announced the commissioning of a state-of-the-art intermodal terminal for swap bodies and containers in Miramas, on the outskirts of Marseille. The terminal has attracted public and private investment estimated at almost 40 million euros. “The Terminal Ouest Provence (TOP Terminal) is the fruit of five years of hard work, commented…
Another French union voices concerns over discontinuation of Fret SNCF
The decision of the French government to restructure the national rail freight operator Fret SNCF to avoid European sanctions keeps sparking contrary reactions. The National Union of Autonomous Trade Unions (UNSA) recently highlighted how this initiative will have “nefarious effects” on France as a whole. The UNSA, which claims to have over 200,000 members, is…
Russia grows first quarter rail exports to China by 27,5%
Russian rail exports to China have grown by 27,5 per cent year-on-year in the first quarter. In total, Russia exported 9,4 million tonnes of freight during this period. The growth reflects an ongoing trend of growing rail freight volumes between the two countries. As a result of Western sanctions, it is geopolitically important for Russia…
Three years and 100 million euros for MSC’s Wärtsilä takeover in Trieste
Shipping giant MSC recently unveiled its plan to take over the disused Wärtsilä plant at the port of Trieste and convert it into a rail rolling stock production factory. The main feature is the progressive reintegration into the new site by 2027 of the roughly 280 former Wärtsilä employees, currently under a Redundancy Fund (Cassa…