The combined impact of rising operating costs and sluggish domestic intermodal volume growth amid intense competition from private rail operators drove state-owned Container Corporation of India’s first quarter net profit down 26.5 percent year-over-year to approximately $32.5 million.
13 Jul 2015
Gateway Distriparks Ltd., India’s leading port-based logistics provider, has received government approvals for the construction of a new inland container depot facility at Viramgam, near Ahmedabad in Gujarat State, allowing hinterland shippers improved rail access to the country’s western gateway ports.
02 Jul 2015
India’s transportation infrastructure upgrade program got another push with the World Bank approving the release of $650 million, the third tranche of a long–term program to help build up New Delhi’s much-delayed, eastern, dedicated freight corridor project.
29 May 2015
State-owned rail operator Container Corporation of India reported an 11.5 percent increase in consolidated net earnings in fiscal year 2014-15, which ended March 31, on the back of strong volume gains from its core international freight hauling activity.
28 May 2015
Civil unrest in parts of India is causing rail freight traffic chaos in the country’s busiest northern corridor linking hinterland points around Delhi and major gateway ports on the west coast, including the largest port of Nhava Sheva.
11 May 2015
Indian Railways is beefing up its cold chain portfolio by building a network of temperature-controlled warehouse and dist
19 Mar 2015
China is steadily adding to the rail network linking the mainland with central Asia and Europe, with a large portion of the $130 billion rail development budget for 2014 spent on improving connections in central and western parts of the country.
11 Mar 2015
Forwarders are reporting a steady rise in shipper enquiries into the China-Europe rail route from higher value shippers looking for an alternative to expensive and often unreliable air freight and the lengthy ocean shipping.
26 Feb 2015
China’s train to Spain arrived in the city of Yiwu this week after completing the world’s longest rail route, and while the journey has been billed as a “success” by its operator, there is little information on the actual economics of the rail option to Europe.
26 Dec 2014
China, Serbia and Hungary have signed a memorandum of understanding to build a new 230-mile rail link between Belgrade and Budapest with construction work expected to start by the middle of next year.
10 Dec 2014
Twenty-one days after leaving the east China manufacturing city of Yiwu more than 8,000 miles away, a freight train carrying 40 containers arrived in the Spanish capital of Madrid this week, potentially opening yet another land bridge between China and Europe.
30 Nov 2014
The launching of China-Europe rail services on the southern route via Kazakhstan has been hogging the headlines recently, but moves are underway to further develop the northern link through Russia.