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…
A triumvirate of deep depressions hit British railways on Friday. Commuters into London Paddington and airline travellers heading for Heathrow were grounded by a freight train derailment just after sunrise. In addition, pickets were on duty at Euston and elsewhere, in pursuit of the latest strike by drivers. To cap it all, there was a…
Russian exports of petrol via rail have been halved in March. The export reduction follows an embargo that the Kremlin introduced. It implemented the embargo to curb domestic fuel shortages. Russia introduced a fuel export ban on 1 March. The ban aims to mitigate the country’s ongoing fuel shortage, which has led to rising prices.…