South Africa: Spoornet is to create a new business unit for subsidiary companies, including International Joint Ventures, regional operator Comazar, and a leasing company to exploit locomotive and stock that are surplus to requirements.

USA: On November 15 General Electric’s Global eXchange Services launched an internet based business-to-business exchange for the rail market, Global Rail Exchange, following a three month trial involving 700 firms including Amtrak, CSX and Norfolk Southern.