Category: Business

Short-term TAC hikes put transport contracts under strain

In a bid to combat the crippling impact of skyrocketing track access charges, European rail operators are calling for urgent short-term support measures. The clarion call comes amidst a flurry of criticism following Germany’s recent hefty price hike program, among others. Apart from Germany, which will increase TACs by 16 per cent, Sweden and Portugal…

ProMedia enters industrial market with acquisition of Industrielinqs

ProMedia Group recently signed a Letter of Intent for the acquisition of Industrielinqs press and platform, a leading publisher in the process industry. With this strategic acquisition, ProMedia aims to expand its leading positions in transport, logistics, and mobility into the industrial sector. The acquisition, expected to be completed by the coming summer, marks a…

Open Modal commission state-of-the-art combi terminal near Marseille

France’s Open Modal Group has announced the commissioning of a state-of-the-art intermodal terminal for swap bodies and containers in Miramas, on the outskirts of Marseille. The terminal has attracted public and private investment estimated at almost 40 million euros. “The Terminal Ouest Provence (TOP Terminal) is the fruit of five years of hard work, commented…

Another French union voices concerns over discontinuation of Fret SNCF

The decision of the French government to restructure the national rail freight operator Fret SNCF to avoid European sanctions keeps sparking contrary reactions. The National Union of Autonomous Trade Unions (UNSA) recently highlighted how this initiative will have “nefarious effects” on France as a whole. The UNSA, which claims to have over 200,000 members, is…

Russia grows first quarter rail exports to China by 27,5%

Russian rail exports to China have grown by 27,5 per cent year-on-year in the first quarter. In total, Russia exported 9,4 million tonnes of freight during this period. The growth reflects an ongoing trend of growing rail freight volumes between the two countries.   As a result of Western sanctions, it is geopolitically important for Russia…

Three years and 100 million euros for MSC’s Wärtsilä takeover in Trieste

Shipping giant MSC recently unveiled its plan to take over the disused Wärtsilä plant at the port of Trieste and convert it into a rail rolling stock production factory. The main feature is the progressive reintegration into the new site by 2027 of the roughly 280 former Wärtsilä employees, currently under a Redundancy Fund (Cassa…

The dilemma goes on: Scan Global Logistics defends use of Russia’s rail network

Denmark’s Scan Global Logistics (SGL) has defended its continued use of Russia’s rail network to transport cargo between China and Europe, claiming its actions comply with all of the rules currently in place. With the ongoing conflict in Ukraine, the company’s position has attracted criticism, notably from within the logistics industry. DSV CEO Jens Lund…

Spain allocates an additional 43,5 million euros for eco subsidies

Spain has allocated an additional 43,5 million euros for eco-incentive subsidies. With the subsidies, Spain intends to promote rail freight based on environmental and socioeconomic merit. The eco-incentive subsidies were introduced after a deal with the European Commission (EC) on the release of funds from the Recovery and Resilience Facility. Earlier, the EC wanted Madrid…

PKP Cargo confirms Ukraine as target for expansion

PKP Cargo is planning to expand its operations into Ukraine as the company seeks to expand operations in more neighbouring countries. A move into Ukraine would take place after the construction of new infrastructure, according to PKP Cargo’s CEO Alan Beroud. PKP Cargo, a subsidiary of the state-owned Polish rail operator, plans to move into…