The Polish state-owned rail freight operator PKP Cargo is struggling, as are many of its counterparts across Europe. Rumours surfaced about a possible bankruptcy for PKP Cargo and RailFreight.com went straight to the source to better understand what is happening. The company confirmed that the situation is bleak, and most of its hopes heavily rely…
Category: Business
RCG’s new Serbian subsidiary to start operations in “the upcoming months”
ÖBB’s cargo subsidiary Rail Cargo Group (RCG) is creating a joint venture with Serbian logistics company Transfera. The enterprise will be headquartered in Belgrade and initially focus on intermodal transport. RCG and Transfera, a Serbian company that organises transportation across various modalities, have signed a partnership agreement for the establishment of a joint venture. Together,…
Kazakh minister beats back: tariff hikes justified
Kazakhstan is in the wake of a series of tariff hikes on the Kazakh rail network. Businesses and parliamentarians have protested the frequent price increases, and the government cancelled an earlier planned hike. Now, the Kazakh transport minister is beating back: the Kazakh network is cheap and the hikes are justified. “We need to point…
Ukrainian Railways grows early-year freight transportation by 30 per cent
Ukrainian Railways (UZ) has achieved year-on-year success by growing its freight transportation by 30 per cent. The growth concerns freight volumes in the period of January to May. At 57 per cent, export volumes grew even more. The total transported volume of freight in the first five months of 2024 amounted to 75,4 million tonnes.…
German states call for compensation to rail freight amid renovations
The upcoming German rail renovations could cause a reverse modal shift. Expected disruptions and additional expenses will likely reduce the competitiveness of rail and make road transportation more attractive. German states have taken note and are appealing for proper compensation for the rail freight sector. Germany is planning large-scale renovation works on its rail network,…
Belgian regions and banks to provide 46 million euros to save Lineas
The Belgian regions of Flanders and Wallonia are joining forces in an effort to keep Lineas, the main rail freight operator in the country, alive. The two regions, with a couple of Belgian banks, will provide a total of 46 million euros to keep the company financially afloat. Lineas has been struggling financially, mostly due…
Rail Cargo Group acquires Captrain Netherlands
ÖBB subsidiary Rail Cargo Group (RCG) has acquired Captrain Netherlands. RCG and Captrain closed the deal on 31 May. With the acquisition, RCG is continuing its course of international expansion. RCG announced the acquisition of Captrain Netherlands on Friday 31 May. Captrain Netherlands has 61 employees and had a turnover of 12,2 million euros in…
Deutsche Bahn selects four finalists for DB Schenker sale
Deutsche Bahn (DB) has chosen the four finalists for the sale of DB Schenker. The last contenders are Danish shipping giants Maersk and DSV, the Saudi national shipping carrier Bahri and a partnership between investments funds CVC Capital Partners, Carlyle Group and the Abu Dhabi Investment Authority. This means that MSC is no longer in…
Deutsche Bahn selects four finalists for DB Schenker sale
Deutsche Bahn (DB) has chosen the four finalists for the sale of DB Schenker. The last contenders are Danish shipping giants Maersk and DSV, the Saudi national shipping carrier Bahri and a partnership between investments funds CVC Capital Partners, Carlyle Group and the Abu Dhabi Investment Authority. This means that MSC is no longer in…