World rail freight news round-up
The International Union for Road-Rail Combined Transport has published a list of 13 policy measures it would like to see implemented in the 2019-24 EU legislative period. These include transforming the EU Agency for Railway into an EU Agency for Land Transport.
ADIF has appointed a joint venture of Transfesa Logistics, RENFE Mercancías and Soluciones Logísticas Integrales to manage the Granollers freight terminal near Barcelona for six years, with an option for further three years. The operator will be required to provide handling services for third parties according to published terms and prices, with other services such as storage offered at commercial rates. In 2018 the terminal handled 673 trains and 19 634 TEU.
The national freight operators of Lithuania, Belarus and Ukraine have launched a twice-weekly service between the Draugystė yard near the port of Klaipeda and Brovary near Kyiv. Operating under the Containerships brand name, it offers a transit time of 50 h and is to be extended to Odesa later this year.
Canadian Pacific Railway has announced Q2 revenues of C$1·98bn, up 13% from last year, and record earnings per share. ‘We saw revenue growth across every line of business, strong operating metrics and our best-ever second-quarter performance from a workload perspective, as measured by gross ton-miles’, said CP President & CEO Keith Creel. ‘As has been proven time and again, our operating model can perform well in all economic conditions and we will remain disciplined in controlling our costs and doing what we said we would do. Our strategy for sustainable, profitable growth is working and we look forward to a strong finish to 2019.’
Pakistan Railways and the Pakistan International Container Terminal subsidiary of International Container Terminal Services have launched a dedicated freight service between Karachi and Lahore.
CSX Corp has announced Q2 2019 net earnings of $870m, or $1·08 per share, a 7% earnings per share increase on the same period last year. The operating ratio set a company Q2 record of 57·4, compared to 58·6 the year before. Q2 revenue was down 1% to $3·06bn, as Merchandise growth was offset by Intermodal weakness. Expenses decreased 3%, with ‘continued efficiency gains and volume-related savings.’
CN has appointed David Trent as Vice-President and Chief Digital Officer with effect from August 19. He was previously Vice-President, Technology and Digital at lumber, pulp, paper and energy company Canfor Corp. ‘David's proven track record in creating value for the business and transforming an organisation towards digitisation is mission-critical as we modernise our operations’, said CN President & CEO JJ Ruest on July 15.
Canadian Pacific Railway appointed President & CEO of STARS Air Ambulance Andrea Robertson and former President & CEO of the Association of American Railroads Edward R Hamberger to its board with effect from July 15.
Norfolk Southern has appointed Anne Melaragni as Vice-President, Human Resources, with effect from July 29.