VTG’s profit continued to surge into the third quarter on the back of a successful refinancing and synergies from an acquisition.
04 Apr 2016
TransContainer, Russia’s leading containerized rail operator, plans to make more investments in its network after posting a 22.6 percent year-over-year decline in net profit to 2.8 billion rubles ($60 million) even as revenue increased 16.2 percent to 42.5 billion rubles.
01 Apr 2016
Since the beginning of this year volumes across Russia’s shipping industry have begun to show signs of recovery after a dismal 2015 in which Western sanctions and the low price of oil devastated the country’s transportation firms.
01 Apr 2016
Russian railway monopoly RZD is offering significant discounts to shippers in a bid to remain competitive with over-the-road trucking, which carries the largest share of Russia’s cargo volumes.
29 Mar 2016
The government of Ukraine is struggling to replace transshipment container traffic that has been lost to the country’s ongoing economic crisis caused by its civil war and Russian sanctions.
28 Mar 2016
Moscow’s share of overland transshipment traffic fell to 35 percent in 2015 from its typical figure of 75 percent, according to Russia’s Ministry of Transport, as the country’s overland logistics network reorients itself away from the country’s capital toward China and the Asia Pacific.
22 Mar 2016
The movement of people and goods in and around Brussels ground to a halt Tuesday after a series of terror attacks rocked the Belgian capital. Brussels Airport has been shut down, all flights in and out cancelled, and public transportation throughout the city has been put on lockdown, sparking wide reports of gridlock.
22 Mar 2016
Deutsche Bahn’s troubled domestic freight business played a key role in pushing Germany’s state-owned rail company into the red for the first time in twelve years.
21 Mar 2016
Greece has delayed the March 21deadline for initial bids for state-owned freight and passenger rail company Trainose.
16 Mar 2016
Cosco Pacific is being hotly tipped to clinch the bid for Greece’s state-owned rail operator just weeks after winning control of the nation’s largest port of Piraeus, a top Mediterranean container hub.
09 Mar 2016
Rotterdam has unveiled a 275 million euro ($302 million) project to re-route 2.5 miles of rail freight track away from a bridge in the port so that shipping and rail traffic “will cease to get in each other’s way.”
24 Feb 2016
The economic crisis in Russia has pulled down container traffic in the country’s Far East and suspended infrastructure projects in the region, according to a recent report from the Far East Marine Research Institute.