CRRC Ziyang will supply new fleet of locomotives to a haulage arm of Martinus Group

Railcare’s board has decided to wind down its UK operations following a sustained decline in contracting volumes. The process begins immediately, with existing projects to be completed.

The companies stated that they consider the settlement preferable to continued litigation. No financial terms or additional details of the agreement were disclosed.

The company indicated that volumes from several regional firms would be consolidated to build regular services.