Freight transport across the Alps in 2023 decreased both when it comes to road and rail, according to the Swiss Federal Office of Transport (FOT). Concerning rail freight, volumes dropped by 5.9 per cent compared to 2022. The FOT stated that the main cause is the general economic situation in Europe, and not the closure…
Sweden to upgrade Iron Ore Line after derailments and NATO accession
Sweden has decided to upgrade the Iron Ore Line, or Malmbanan in Swedish. The upgrades are necessary due to two recent derailments. Moreover, the country’s NATO accession requires the rail line to function properly at all times. The railway line in Sweden’s north is crucial for mining and military purposes. The Iron Ore Line stretches…
FESCO signs rail agreements with 5 Chinese logistics companies
Russian logistics company FESCO has signed agreements with five Chinese logistics companies. The agreements, by and large, concern rail freight. FESCO has entered into agreements with five Chinese logistics companies. The Russian company signed an agreement with Weisa International Logistics Group, in which the two companies agree to work together for rail freight optimisation on…