Russian Railways (RZD) is benefitting from the ongoing crisis in the Red Sea, according to a number of European logistics companies. As maritime shippers have diverted their routes, logistics companies are getting more and more requests to transit goods through Russia as a quicker and cheaper alternative. Yemen’s Houthi rebels continue to attack ships passing […]
Category: Business
Danish DSV becomes frontrunner for DB Schenker acquisition
The sale of DB Schenker, Deutsche Bahn’s logistics arm, might have found its suitor. Danish shipping giant DSV signed an agreement with two investment banks to gather enough funds to conclude the purchase. On the other hand, DHL officially withdrew from the race. DSV is cooperating with French BNP Paribas and the British-Chinese credit institution […]
After Germany, China is also planning to build a transport hub in Uzbekistan
China is planning to build a transport hub in Uzbekistan. The Chinese logistics company Shenzhen Neptune Logistics announced plans to contribute approximately fifteen million dollars to that end. It is not the first foreign company to take this step, as German company Rhenus earlier announced similar plans. The Chinese investments were announced at a meeting […]
Kombiverkehr launches regular service between Rotterdam and Cologne-Eifeltor
German rail freight operator Kombiverkehr is launching a new service between Rotterdam and Cologne-Eifeltor. The service will run three times a week and is available for nearly all types of goods, except dangerous goods of class 7. The new route will launch on 12 March and allows for intermodal transport with P400 loading units. It […]
SNCF Group in the black for third consecutive year, freight EBITDA also positive
The SNCF Group has recorded a third consecutive year in the black, thanks mainly to the strong performance of its high-speed (TGV) passenger services. Net profit totalled 1.3 billion euros compared to the record figure of 2.4 billion a year earlier, while turnover was up 0.7 per cent at 41.8 billion euros. “The Group is […]
Port of Liege invests in extending container capacity at multimodal hub
Belgium’s inland Port of Liège (PAL) has invested more than 9 million euros in expanding the container terminal at its Trilogiport road-river-rail freight hub. Jointly funded by the EU and Wallonia, the investment “will enhance the attractiveness and competitiveness of the Port of Liège while forming part of a wider project to promote multimodal transport. […]
Port of Liege invests in extending container capacity at multimodal hub
Belgium’s inland Port of Liège (PAL) has invested more than 9 million euros in expanding the container terminal at its Trilogiport road-river-rail freight hub. Jointly funded by the EU and Wallonia, the investment “will enhance the attractiveness and competitiveness of the Port of Liège while forming part of a wider project to promote multimodal transport. […]
MSC expands rail presence in Italian ports
The month of February saw shipping giant MSC taking further steps to solidify its presence in Italy, with a focus on rail freight. The company recently became a shareholder in Rail Hub Europe, the entity managing the Rivalta Terminal Europe, near the port of Genoa, on the Italian northwest coast. Moreover, the company is working […]
Polish operator bills farmers blocking its tracks: 1,3 million PLN for a day
PKP LHS, the operator and manager of the Polish Linia Hutnicza Szerokotorowa (LHS) line, has billed protesting farmers over a million Polish złoty for blocking its tracks. Polish farmers are protesting the import and transit of Ukrainian agricultural products. They have been blocking various types of infrastructure, but PKP LHS is now hitting back. PKP […]