The escalating political and economic crisis in Turkey, sparked by bribery and corruption investigations that have forced three cabinet ministers to step down, threatens to undermine the nation’s ambitious bid to become a global logistics hub.
News & Analysis
04 Mar 2015
Anticipating significant growth in freight traffic, the government of India will allow state-owned Railways to create a new arm to provide end-to-end logistics solutions.
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.
20 Feb 2015
State-owned intermodal operator Container Corporation of India said it has helped clear out the backlog of import containers destined for Ludhiana that had stacked up at major ports on the west coast over the past few months.
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.
02 Feb 2015
The world’s longest rail freight service — between China and Spain — has been put on hold because it hasn’t attracted cargo for its maiden return journey from Madrid.
21 Jan 2015
The China-financed Mombasa-Nairobi rail link that is under construction is facing competition from Africa’s largest private equity firm that has invested $70 million in a competing rail connection that will also link the two cities.
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.
26 Dec 2014
China, Serbia and Hungary have signed a memorandum of understanding to build a new 230-mile rail link between Belgrade and Budapest with construction work expected to start by the middle of next year.
18 Dec 2014
Africa’s inland freight network is so troubled that it costs roughly seven times more to ship a container from Mombasa, Kenya, to Burundi, in central Africa, than to ship a container from Shanghai to the major Kenyan gateway, an APM Terminal executive said.