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Wednesday, April 24, 2024

Rail Freight

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Rail upgrade could ‘relieve A14 congestion’

The Rail Freight Group (RFG) has supported the call on Government from the CBI to urgently improve UK infrastructure, but suggested that rather than develop toll roads, rail upgrades should be the priority on the A14 corridor. A recent survey...

Chair of Rail Freight Group to be questioned by Lords on the future of EU rail freight

Lord Berkeley, Chairman of the Rail Freight Group (RFG), will appear before the House of Lords EU Internal Market, Energy and Transport Committee on Monday 12 September. This will be the penultimate evidence session in the inquiry, which is investigating...

Spain develops new business model for Renfe Freight and Logistics

A new operating model has been approved for Renfe Freight & Logistics. The decision is in line with the Ministry of Development’s strategic plan to boost rail freight by promoting intermodality and by achieving a more balanced modal split, with...

Auction date set for sale of shares in Freight One

Shares of JSC Freight One, a subsidiary of Russian Railways, will transpire on 28 October. Bidders will be invited to purchase 64,239,325,613 ordinary shares of JSC Freight One, or 75% minus 2 shares of the company. The form of the offering...

QR National announces cash grant fund for community projects

QR National has announced the establishment of a community fund targeted at grassroots community projects in regional and rural Australia. The ongoing program will encourage eligible charitable organisations to seek grant funding up to $20,000 for specific community-based projects. The national...

Europorte concludes a major partnership with Trenitalia

Trenitalia, the leading rail operator in Italy, and Europorte, a subsidiary within the Eurotunnel Group, have concluded a strategic agreement establishing an international rail freight link between France and Italy. Europorte will load grain from approximately 30 silos in Burgundy,...

KiwiRail on track with 29% increase in operating surplus

Despite the effects on the business of the Christchurch earthquakes, the Pike River disaster and the major slips at Kaikoura and in the Manawatu, KiwiRail still made substantial progress on its road to becoming a self-sustainable business, Chairman John...

KiwiRail sees strong growth at Southdown Freight Terminal

KiwiRail's key Auckland rail freight terminal at Southdown has shown a 20% increase in container through-put in the past financial year, demonstrating a welcome endorsement by customers for the strategic direction being taken by the company. During the 12 months...

CSX to invest $59m for intermodal terminal expansion in Ohio

CSX has announced that a $59 million intermodal freight terminal expansion is underway in Columbus, Ohio. This terminal expansion is part of the National Gateway initiative, linking deep water east coast ports with Midwestern markets. The overall project covers six states...

QR National reports inaugural full year results

QR National has announced a 17% improvement in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to $813 million and a 35% increase in underlying earnings before interest and tax (EBIT) to $367 million for the year ended...

Latest News

HS2 moves 1,100-tonne viaduct in weekend operation

HS2 has released timelapse and drone footage showing contractors moving a 1,100 tonne composite viaduct into place over two...