EU Commission approves German rail freight scheme for 1.7 billion euros

The European Commission (EC) approved a scheme for 1.7 billion euros to support single wagonload and wagon group transport in Germany until 2029. “The maximum annual budget amounts to €320 million”, the EC specified. The measure aims at ensuring that these types of transport and the companies operating them do not cease to exist due…

Swiss and German ministries spearhead CargoBeamer’s terminal expansion

The Swiss Federal Office for Transport (FOT) and the German Federal Railway Authority (EBA) are set to spearhead the expansion of CargoBeamer’s terminals in Domodossola (Italy) and Kaldenkirchen (Germany), respectively, with their investments. The two public entities will raise 90 million euros in total for the two projects. At the same time, the Germany-based intermodal…

‘Our situation is worse than I thought’, says PKP Cargo President

The Polish state-owned rail operator, PKP Cargo, might be nearing the end of its life due to years of mismanagement and the inability to adapt to a changing market. The current Acting President of the company, Marcin Wojewódka, said that the situation is worse than expected, with both volumes and share values dropping significantly and…