Ukrainian Railways is planning to launch 18 new routes to European countries. Additionally, the company will seek to restore and build new multimodal container terminals throughout Ukraine. The company’s board chairman, Yevhen Lyashchenko, made the announcement during a briefing in early April. Ukrainian Railways will present the routes in September 2024. Lyashchenko states that the…
Category: Business
China-EU freight through Russia nearly back at pre-war levels
Rail freight transit through Russia to the EU is nearly back at its pre-war level. As Houthi attacks endanger shipping on the Red Sea, shippers are looking for alternative routes. Consequently, the volume of China-EU freight that travels via Russian rail grew by 44 per cent in 2024. According to Russian media, the volume of…
French rail cooperative Railcoop to be dissolved next week
After five years of struggles to remain financially viable, French rail cooperative Railcoop will come to an end next week. The Cahors Commercial Court shall decide the future of Railcoop on Monday 15 April, and all signs point to liquidation. The cooperative was put under receivership by the Cahors Commercial Court at the end of…
Operail Finland sale was 12 million euro “gift” to Finnish business
Estonia lost 12,3 million euros with the sale of the Finnish branch of Operail. Last year, it sold Operail Finland, the former name of the subsidiary, to Nurminen Logistics. Estonia sold the subsidiary at a price below its fair value, leading to allegations of a secret sale. As part of the privatisation of Operail, Estonia…
Amazon onboards Mercitalia trains between Italy-Germany
Amazon signed an agreement with the Italian state-owned rail freight group Mercitalia. The contract envisioned the rail transportation of goods between Amazon’s distribution centres in Italy and Germany. The two routes selected start are Pomezia-Duisburg and Verona-Herne. The e-commerce giant has distribution centres in all four locations involved in the initiative. For the Pomezia-Duisburg itinerary,…
CMA CGM and GTS Rail go international with new joint venture
French shipping giant CMA CGM and Italian rail freight operator GTS Rail are establishing a new joint venture (JV) called European Container Network to take their collaboration to an international level. The two companies are already cooperating in Italy, especially from the port of Genoa. With this new initiative, GTS Rail aims to expand its…
ScanMed corridor sees 2024 rebound
The Scandinavian-Mediterranean corridor (ScanMed) is experiencing a rebound in volume and performance in 2024. The infrastructure managers (IMs) of the involved countries attribute the rebound primarily to completion of works along the corridor. ScanMed saw route sales along the corridor grow until 2021. By 2023, sales had more than halved. The IMs’ annual report now…
Russian Railways’ revenue grows to 3 trillion rubles in 2023
Russian Railways’ (RZD) revenue has grown to 3 trillion rubles (30 billion euros) in 2023. This is an increase of 16 per cent. The growth in revenue is mostly driven by higher income from freight transportation and track access charges. RZD’s head presented last year’s financial data at a meeting with Russia’s transport ministry on…
Five French road hauliers to drive modal shift to rail in Western France
Several road haulage and logistics operators in Western France’s Pays de la Loire region have joined forces to drive a modal shift to rail and create a combined transport terminal in the coming years. Ageneau Group, Transports Thébault, TC-Transports, Immo-Ouest Groupe OPAL and Combronde, together with public sector support from the Maine-et-Loire Chamber of Commerce…