VTG’s profit continued to surge into the third quarter on the back of a successful refinancing and synergies from an acquisition.
19 Feb 2016
The transit time for containers between Russia and India will be reduced by half thanks to a recent agreement between the countries to launch a new multimodal container route.
18 Feb 2016
The government of Kazakhstan expects container traffic via the Khorgos-Eastern Gate dry port to rise by 200,000 twenty-foot-equivalent units this year due to its location on the China-Europe rail route, which is growing in popularity with shippers, according to an official spokesperson of JSC Kazakhstan Temir Zholy, Kazakhstan’s national railway.
28 Jan 2016
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.