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.
27 Aug 2015
Russian railway monopoly RZD plans to build a $30 million inland hub aimed at reducing congestion at the nearby St. Petersburg port and handling transshipped cargo from the country’s largest container gateway.
17 Jul 2015
Transcontainer, Russia’s largest container rail shipping company, has had to adjust its plans to significantly expand its terminal network during the next several years as sanctions continue to take their toll on the Russian economy.
02 Jul 2015
Shippers tapping containerized rail services between the Port of Antwerp and Duisburg are poised to see greater reliability and experience less congestion at the North European seaport after the former joined forces with duisport, Europe’s largest inland port.
07 May 2015
German train drivers will continue their strike until Sunday after their union today rejected a proposal from Deutsche Bahn, the state-owned railway, for an independent mediator to help resolve their dispute.
07 May 2015
A week-long strike by German locomotive drivers that is scheduled to run until Sunday could be called off earlier as their union considers calls for an independent mediator to settle the dispute with Deutsche Bahn, the state-owned railway company.
04 May 2015
German locomotive drivers began near week-long strike Monday afternoon that threatens to clog container yards at the country’s leading ports and cause massive disruption to industrial supply chains across Europe’s largest economy.
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.
25 Feb 2015
Genesse & Wyoming has agreed to acquire 95 percent of the shares of Freightliner, the UK’s second largest rail freight company, in a £490 million ($760 million) deal that significantly expands the US rail operator’s European footprint.
11 Feb 2015
A strategic partnership between UTi Worldwide and Changjiu Logistics, the largest independent automotive logistics company in China, will be making good use of the growing rail services linking China and Europe.
06 Jan 2015
International rail operator Genesee & Wyoming is expanding its footprint in the central U.S. by acquiring three short line railroads for about $40 million.