Mediterranean Shipping Co. has finalized the acquisition of CP Carga, the freight and logistics unit of Portugal’s state-owned railway.
26 Jan 2016
La Spezia Container Terminal in Italy saw its Asia focus continuing to pay off in 2015, with container volume rising 8 percent year-over-year and helping take its parent Contship Italia Group to a throughput of 6.3 million 20-foot-equivalent units for the year.
23 Jan 2016
With the largest mega-ships now carrying up to 19,000 twenty-foot-equivalent units, modern ports need the capability to transport huge volumes of containers in a short period of time to beat congestion and keep shipments moving. This puts strain on existing rail links and increases demand for multiple rail connections and operators to service ports’ hinterland.
23 Dec 2015
Truck traffic on the rail tunnel beneath the English Channel has hit an all-time high this year despite disruptions caused by the migrant crisis at the France port of Calais.
16 Dec 2015
Deutsche Bahn is expected to unveil plans today to trim underperforming rail freight operations as part of a restructuring to restore profitability as it faces its first net loss in over a decade this year.
15 Dec 2015
Volumes of containerized cargo travelling between China and Europe by rail are growing as operators increase frequencies and state organizations along the route lend their weight to the development of new services.
24 Nov 2015
The government of Italy has unveiled plans to partially privatize the state rail operator, Ferrovie dello Stato, in 2016.
23 Oct 2015
A planned $350 million container hub serving Moscow is aimed at handling increased cargo flows, reducing urban congestion and speeding distribution into central Russia.
22 Oct 2015
The number of freight trains using the tunnel between the U.K. and France declined by 33 percent in the third quarter largely due to the migrant crisis at the port of Calais.
20 Oct 2015
Russian railway monopoly RZD is working to stop the flow of containerized cargo to other modes of transportation.
08 Oct 2015
Russian containerized rail companies are cutting their fleets this year and plan to do the same next year, as the country’s trade suffers from Western sanctions and the low price of oil.
02 Sep 2015
Transcontainer, Russia’s leading intermodal freight transporter, saw its revenue plummet 64 percent in the first half to $15 million, compared to $41.4 million in the first-half of 2014, as the decline in Russian trade makes itself felt in companies’ bottom lines.