Lithuanian state-owned rail freight operator, LTG Cargo, recently started transporting petroleum products between Bugeniai, in Luthiania, and Valga, in Estonia. The initiative is another reflection of how operators in the Baltic are looking to diversify their operations due to loss of cargo to and from Russia and Belarus. The launch of operations was preceded by […]
Category: Business
Maersk still in the race for DB Schenker’s acquisition, says CEO
After DHL withdrew from the race of DB Schenker’s acquisition last week, Danish shipping company DSV appeared to be the sole remaining candidate to proceed with the purchase. However, another player claims it’s still here and ready to ‘disrupt’ the process. According to Maersk’s CEO Vincent Clerc, his company is still examining buying the German […]
Rail Cargo Group establishes two new Italian connections
Rail Cargo Group (RCG), the rail subsidiary for Austrian national rail operator ÖBB, has announced that it is launching two new rail connections between Italy and Germany. Alongside the two new connections, it is increasing the frequency of services on the Verona-Wuppertal line. RCG is launching two new rail lines between Italy and Germany. According […]
Container rates surged amid Red Sea blockade
The blockade of the Red Sea has caused serious headaches for the freight forwarding companies. Container rates are going through the roof, and many companies chose to switch transport modalities or divert their routes and circumnavigate Africa rather than risking passing through the Suez Canal. Rogier Vervoort, owner and managing director of Dutch Container Merchants […]
Metrans adds rail freight connections to Turkey
The Metrans’ service connecting the Halkali, west of Istanbul, to Dunajska Streda, in Slovakia, is getting to extra stops: Belgrade and Budapest. The new initiative, the company said, comes as a response to the increased demand for rail freight services along this corridor. Test trains started running on 19 February, but the connection was officialised […]
Fret SNCF urges government to postpone company discontinuation
The Social and Economic Committee (CSE) of Fret SNCF recently sent a letter to the French government asking to introduce a moratorium to review the discontinuation of the company. “We believe that the hasty action taken by the French government and the SNCF management will not allow the railways to make the necessary changes”, the […]
German chemical industry says it is suffering from continuous rail strikes
The German chemical industry is suffering from the continuous rail strikes, according to branch organisation VCI. The organisation’s director states that the industry cannot afford more strikes, and calls for labour union GDL and Deutsche Bahn to come to an agreement. “We simply cannot afford another standstill of the railways,” says head of VCI Wolgang […]
Russia profits from Red Sea crisis, sees rail freight to Europe grow
Russian Railways (RZD) is benefitting from the ongoing crisis in the Red Sea, according to a number of European logistics companies. As maritime shippers have diverted their routes, logistics companies are getting more and more requests to transit goods through Russia as a quicker and cheaper alternative. Yemen’s Houthi rebels continue to attack ships passing […]
Danish DSV becomes frontrunner for DB Schenker acquisition
The sale of DB Schenker, Deutsche Bahn’s logistics arm, might have found its suitor. Danish shipping giant DSV signed an agreement with two investment banks to gather enough funds to conclude the purchase. On the other hand, DHL officially withdrew from the race. DSV is cooperating with French BNP Paribas and the British-Chinese credit institution […]
After Germany, China is also planning to build a transport hub in Uzbekistan
China is planning to build a transport hub in Uzbekistan. The Chinese logistics company Shenzhen Neptune Logistics announced plans to contribute approximately fifteen million dollars to that end. It is not the first foreign company to take this step, as German company Rhenus earlier announced similar plans. The Chinese investments were announced at a meeting […]