The losses of Estonian Railways are expected to continue and worsen in the coming years. Earlier, Estonia reported a decline of 43 per cent in freight volumes following sanctions on Russian goods. The loss of freight volumes has led to passenger transportation exceeding freight transportation, according to Estonian Railways’ commercial manager Arthur Raichmann. Whereas 9,5 […]
Category: Business
Polish farmers to block Ukrainian agricultural exports by rail
Polish farmers intend to block the export of Ukrainian agricultural goods by rail. They plan to hinder the transfer of goods from rail to road transport on the Polish side of the border. Protests against the import and transit of Ukrainian agricultural goods by road have been taking place for months, but will now also […]
Russia grants Belarus 40% rail freight discount
Russia is granting Belarus a discount of up to 40 per cent on rail freight transportation, according to the Belarusian ministry of transport. The two allies have agreed on a discount that applies to the International North-South Transport Corridor (INSTC) routes in Russia, as well as routes leading to the port of Saint Petersburg. The […]
DB Cargo Scandinavia to launch pilot service to Danish port town Hirtshals
DB Cargo Scandinavia is launching a pilot rail freight service to the Danish port town of Hirtshals. The port, located at the northern tip of mainland Denmark, provides ferry services to Norway. The pilot is part of the 3-year multimodal Green Jutland Corridor project, which looks to connect Denmark, Sweden and Norway. According to DB […]
CargoBeamer expands Italian rail services, connecting north and south
CargoBeamer is expanding its Italian rail freight services. By mid-February, it will connect its terminal in Domodossola, Northern Italy, with Bari, Southern Italy. From there, freight can easily continue its journey by sea to Albania, Greece, and Turkey. The route connecting northern Domodossola and southern Bari will function as a standalone service as well as […]
Rail freight volumes dropped by 43% in Estonia in 2023
Rail freight in Estonia has taken a hit. Transport volumes dropped by 43 per cent on a yearly basis in comparison to 2022. According to the Estonian statistics agency, the drop can mostly be attributed to the disappearance of East-West freight traffic. Estonia recorded a decrease in rail freight volumes during all months of 2023. […]
Waberer’s enters rail logistics with 51% stake in Petrolsped
Hungarian road haulage and logistics group Waberer’s International has signalled its move into rail freight by acquiring a 51 per cent stake in Petrolsped Budapest. Petrolsped (PSP) provides rail logistics services mainly in Hungary and Romania, either directly or through its subsidiaries, Pultrans and PSP Cargo Romania. Zsolt Barna, Waberer’s chairman and CEO, said that […]
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 […]
India breaks freight loading record: 143 million tonnes in January
Indian Railways (IR) has broken its record in monthly freight loading. In January, the amount of freight loaded reached 142,7 million tonnes, setting a growth percentage of 6,4 per cent in comparison to January 2023. The new record was achieved despite adverse weather conditions, particularly foggy weather, according to the Indian ministry of railways. January’s […]