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World rail freight news round-up

05 Mar 2018

Canadian Pacific Railway has launched its CP TempPro service for transporting products requiring strict temperature control.

Port of Tilbury London Ltd is seeking expressions of interest in the design and construction of facilities including new and relocated rail lines on the site of a former power station.

Novotrans is to lease more than 8 000 wagons from Alfa-Leasing contract for seven years.

Russia's Prime Minister Dmitry Medvedev has signed a decree approving federal subsidies totalling 2bn roubles for the purchase of modern high axleload wagons in 2018.

Channel Tunnel concessionaire Getlink reports that revenue at its Europorte rail freight business was up 2% year-on-year in 2017, mainly as result of an increase in volumes from major customers in the automotive, chemical and cereal sectors ‘as a result of the quality of service provided’. Europorte generated a ‘substantially improved’ EBITDA of €6m, and a positive pre-tax net result of €0·3m. Getlink said it would ‘proceed with the development of Europorte in 2018, whilst continuing to focus on the profitability of its operations'.

Investment group ICU has bought the Ukrainian subsidiary of FESCO’s Transgarant rail freight business. The Kyiv-based subsidiary has a fleet of around 3 000 wagons and transports 8 million tonnes/year.

Rail Cargo Group signed memoranda of understanding for co-operation in the Europe – China freight market with TransContainer and United Transport & Logistics during the Strategic Partnership 1520 conference in Wien on February 21.

Russian freight operator Neftetransservis is to buy 14 000 petroleum tank wagons from OTEKO, which is disposing of tis rail activities. NTS currently operates 22 7000 petroleum wagons, of which it owns 14 000.

ORLEN Lietuva has awarded Vilniaus Lokomotyvų Remonto Depas a contract to repair around 500 wagons/year over three years.