Russian Railways’ (RZD) revenue has grown to 3 trillion rubles (30 billion euros) in 2023. This is an increase of 16 per cent. The growth in revenue is mostly driven by higher income from freight transportation and track access charges. RZD’s head presented last year’s financial data at a meeting with Russia’s transport ministry on…
Category: Business
Five French road hauliers to drive modal shift to rail in Western France
Several road haulage and logistics operators in Western France’s Pays de la Loire region have joined forces to drive a modal shift to rail and create a combined transport terminal in the coming years. Ageneau Group, Transports Thébault, TC-Transports, Immo-Ouest Groupe OPAL and Combronde, together with public sector support from the Maine-et-Loire Chamber of Commerce…
RCG launches new connections to Germany and Turkey via Romania
Austrian rail freight operator Rail Cargo Group recently launched two new connections from Munich, in southern Germany, and from Tekirdag, in northwestern Turkey. The centre of this initiative is Curtici, in western Romania, as the two new services are Munich-Curtici and Curtici-Tekirdag. In other words, Curtici becomes the RCG gateway to connect Turkey and Germany.…
First indicative offers for DB Schenker are in
The sale of DB Schenker, the logistics arm of Deutsche Bahn (DB), seems to have entered a new phase. The deadline for submitting indicative, non-binding offers was Tuesday, 26 March, and at least seven interested parties bade. The amount of the offers has not been shared yet, but the value of the company is set…
Ukrainian iron ore exports through Polish border crossing up by 43%
Ukraine’s iron ore exports through the Polish Izov-Hrubieszów border crossing have grown by 43 per cent in March. Ukrainian Railways has observed a growing trend throughout 2024. Other types of goods saw their volumes decrease. According to Ukrainian Railways, the 43 per cent growth in iron ore exports amounts to an additional 63,7 wagons on…
MSC acquires French forwarder extending Eurasian rail network
MSC is officially ready to acquire the majority shares of French freight forwarder Clasquin. The two parties have agreed on the specifics of the transfer and will soon proceed to the merger of operations. MSC subsidiary SAS Shipping Agencies Services Sàrl will carry out the acquisition, which is expected to result in the extension of…
UPS puts parcels on rail with CargoBeamer
Parcel giant UPS has been testing rail freight transport services between its hubs in Milan, in northern Italy, and Herne, in western Germany. The tests, in cooperation with CargoBeamer, started in October, with two UPS swap bodies loaded on the CargoBeamer trains every day per direction. This seems to be the first time UPS is…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…