As the frequency of Asia-Europe rail services increases costs will gradually fall, encouraging more shippers to turn to intermodal options to avoid the high cost of air freight and the slow steaming transit times available from lines, one leading logistics executive believes.
19 Jun 2013
Slow-steaming by shipping lines, the shift of production centers in China inland and the easing of customs barriers in Eastern Europe are rapidly opening up overland transport routes between Asia and Europe.
17 Jun 2013
Indian Railways reported its revenue from April 1 to May 31, 2013, was Rs. 22,439.30 crore (about US$3.9 billion), increasing 12.7 percent from $3.4 billion during the corresponding period last year.
17 Jun 2013
AECOM Technology Corp. has won a $148 million, three-year contract to provide construction supervision and design review services for the portion of the Doha Expressway program in Qatar known as Group 7.
10 Jun 2013
A consortium of Japanese conglomerate Sojitz Corp. and domestic infrastructure major Larsen and Toubro has won a contract to develop the first phase of India’s long-planned rail freight corridor between Delhi and Mumbai.
28 May 2013
Russian rail freight operator Globaltrans denied reports it is negotiating a merger with domestic rival Nefte TransService.
27 May 2013
State-owned rail operator Container Corporation of India posted fiscal 2013 consolidated net profit of $167.5 million, up
13 May 2013
Etihad Rail, the developer and operator of the United Arab Emirates’ national railway network, has signed a memorandum of understanding with Hellmann Worldwide Logistics allowing Hellmann to use the rail network.
09 Apr 2013
Russian Railways, Siemens and Sinara Group have entered into a collaboration deal on producing locomotives.
08 Apr 2013
Russian Railways, Tatravagonka and TransContainer have signed an agreement to cooperate on the scientific and technical development, manufacturing and testing of high-speed platforms mounted on die-welded bogies.
26 Mar 2013
Globaltrans’ revenue surged 22 percent in 2012, but profit dipped 2 percent as the Russian rail freight operator sharply increased borrowing to finance acquisitions that boosted its share of the fast-growing domestic cargo market.
25 Mar 2013
India’s Ministry of Railways has decided to reduce haulage charges for containers transported by rail in privately owned railcars, effective April 1.