Roughly 25 parties have submitted their names for the takeover of DB Schenker to the international banking consortium that is supervising the sale of the German forwarder. The names include the usual suspects such as the Danish DSV and the German DHL, but the majority are still unknown. Specialists close to the sales process announced […]
Category: Business
Kazakhstan registers rail freight growth in all directions
Kazakh rail freight volumes in the directions of China and Uzbekistan reached significantly higher levels throughout 2023 as compared to 2022. Moreover, rail freight in the direction of Russia grew by 3,2 per cent. The positive developments are attributable to the coordination of the involved parties, according to Kazakh Railways. Export to Russia grew by […]
RailFreight.com has a new corporate sister: WorldCargo News
ProMedia Group, the Dutch-based media publisher and mother company of Railfreight.com, is pleased to announce the acquisition of WorldCargo News and associated title Bulk Materials International. This strategic move is a testament to ProMedia Group’s commitment to expanding its presence in key industry segments: transport, shipping, ports & terminals and logistics. The acquisition of WorldCargo […]
RailFreight.com has a new corporate sister: WorldCargo News
ProMedia Group, the Dutch-based media publisher and mother company of Railfreight.com, is pleased to announce the acquisition of WorldCargo News and associated title Bulk Materials International. This strategic move is a testament to ProMedia Group’s commitment to expanding its presence in key industry segments: transport, shipping, ports & terminals and logistics. The acquisition of WorldCargo […]
The Swiss Federal Council wants to pour millions into single wagonload
The Swiss Federal Council wants to make funds available to improve the country’s rail freight sector and keep single wagonload transport financially viable. If approved by the Swiss Parliament, the initiative will see hundreds of millions of euros deployed. The money would come from a portion of the tax on Heavy Good Vehicles, “which would […]
Russian grain imports and transit should be banned, says Latvian minister
Latvian Minister of Transport Kaspars Briškens wants to ban all imports and transit of Russian grain due to the possibility that imports include grain stolen from Ukraine. A total ban could have significant economic consequences for the Latvian rail sector, with losses of up to 40 million euros. In an interview with public broadcaster Latvijas […]
Russian Railways reports rail freight stagnation in 2023
Russian Railways have observed a slight decrease in the total volume of transported cargo throughout 2023. The total volume amounted to 1,232 billion tonnes, 0,2 per cent less than the previous year. December saw a decrease of nearly two per cent in the total monthly transport volumes. A number of factors contributed to the reduction […]
Russian Railways reports rail freight stagnation in 2023
Russian Railways have observed a slight decrease in the total volume of transported cargo throughout 2023. The total volume amounted to 1,232 billion tonnes, 0,2 per cent less than the previous year. December saw a decrease of nearly two per cent in the total monthly transport volumes. A number of factors contributed to the reduction […]
The Italian government wants to privatise FS Group
The Italian Prime Minister Giorgia Meloni recently opened to the privatisation of the national railway holding Ferrovie dello Stato (FS Group). The initiative was brought forward because the government needs to find funds to finance the budget law for 2024. Currently, FS Group and all its subsidiaries are fully owned by the Italian government through […]
Germany braces for an extended round of rail strikes
The German train driver’s union GDL is launching a several-day strike this week. Freight services will be affected starting Tuesday, 9 January, at 18:00. The industrial action is expected to last until the evening of Friday, 12 January, with a substantial impact on cargo transport operations. The development follows a voting procedure in December where […]