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 […]
Category: Business
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 […]
Kazakhstan sees record rail freight turnover for the third time in a row
Kazakhstan Railways (KTZ) has achieved a record annual rail freight turnover for the third year in a row. In 2023, turnover grew by seven per cent to 269 billion tonne-kilometres in comparison with the previous year. This growth can partially be attributed to higher transit volumes, in particular to and from China. According to Kanat […]
Euro China Train – a new era of global logistics
Transporting goods between Asia and Europe is a complicated and multi-stage process. It requires extensive experience, knowledge of international regulations and a network of reliable contacts. Safe and timely transportation of cargo directly from the sender in China to any destination in Europe is the main element of the Euro China Train project. Intercontinental connections […]
LTG Cargo sees freight volumes defy expectations amid sanction struggles
Lithuanian rail freight operator LTG Cargo transported 27.2 million tonnes of freight in 2023. Total volumes exceeded expectations by 2.5 million tonnes. In the difficult business environment following sanctions on neighbouring Russia and Belarus, LTG Cargo did not foresee such volumes. According to the company, the sector has seen turbulent years due to the implementation […]
DB vs GDL: strike ends, negotiations to resume
The strike announced by the German Train Drivers (GDL) trade union between 23-29 January ended 24 hours earlier than planned. This means that for rail freight, trains started running again in the evening of Sunday, 28 January. GDL will now sit back at the negotiating table with Deutsche Bahn (DB) between 5 February and 3 […]
Estonian Operail scraps old locomotives amid financial problems
The Estonian state-owned company Operail has sent its old locomotives to the scrapyard. They will now be dismantled, and the remaining materials will be sold off to interested parties. The move comes amid a difficult financial situation following the loss of Russian transit goods. The locomotives to be scrapped were purchased in 2002 and had […]
Estonian Operail scraps old locomotives amid financial problems
The Estonian state-owned company Operail has sent its old locomotives to the scrapyard. They will now be dismantled, and the remaining materials will be sold off to interested parties. The move comes amid a difficult financial situation following the loss of Russian transit goods. The locomotives to be scrapped were purchased in 2002 and had […]