Business

Stories about billions of euros at rail offices: news about the biggest deals, transactions, acquisitions, and railway bosses in commercial newsfeed.

Business

Tesmec Rail and Škoda Group forge partnership to revolutionize the rail industry with green solutions

The integrated green product, combining Tesmec Rail vehicles with Škoda Group's electrically-powered traction solutions, will serve the rail diagnostics, catenary construction and maintenance vehicle markets.

Marketa Horpeniakova June 6, 2023 · 2 min read

Business

Siemens Mobility acquires Optrail to extend functionality of its train planning system

The acquisition of Optrail S.r.l. by Siemens Mobility has been completed. Optrail S.r.l. is an Italian technology company that develops novel algorithms for traffic management systems (TMS) using operations research and mathematical optimisation techniques.

Karel Novak June 5, 2023 · 2 min read

Business

Hitachi Rail wins €77 million contract with SNCF for digital signalling equipment

This equipment will increase train reliability and availability, improving connectivity and sustainability in Europe's high-speed rail system.

Marketa Horpeniakova June 3, 2023 · 2 min read

Business

RAlpin reports pre-pandemic levels of traffic in Q4 2022, fears early stop of its service

Despite challenges at the beginning of 2022, rolling highway operator RAlpin recorded a 4% increase compared to the previous year.

Lubomir Cech May 24, 2023 · 2 min read

Business

KTZ and PSA International set up joint venture

A joint venture agreement has been signed by Kazakhstan Railways (KTZ) and PSA International (PSA), one of the biggest operators of container port facilities in the world.

Karel Novak May 24, 2023 · 1 min read

Business

Head of the Czech Logistics Association: Dependence on China can't be solved in a hurry

In the context of the new investment of the Chinese company COSCO in the Port of Hamburg, RAILMARKET.com NEWS interviewed Petr Rožek, Managing Director of the Association of Forwarding & Logistics of the Czech Republic. At the recently concluded Transport & Logistic trade fair in Munich, we've been interested in his views on future logistics relations between Europe and China.

Karel Novak May 22, 2023 · 4 min read

Business

UIRR: Combined Transport Faces Recession as Rail Sector Battles Multiple Challenges

In the first quarter of 2023, Combined Transport in Europe experienced a significant decline of 13.96% compared to the same period in the previous year, reports Union Internationale Pour le Transport Combine Rail-Route (UIRR).

Lubomir Cech May 19, 2023 · 2 min read

Business

Canadian transport minister appoints new CEO of VIA Rail Canada

The Canadian government-owned passenger rail company VIA Rail Canada Inc. will have a new CEO from 12 June 2023. Mario Péloquin will lead the company.

Lubomir Cech May 19, 2023 · 2 min read

Business

Cargo-partner Becomes a Member of the Nippon Express Group

Cargo-partner, the esteemed global logistics player and an important partner for intermodal rail companies, has been sold to a Japanese company Nippon Express Holdings (NX Group).

Lubomir Cech May 17, 2023 · 1 min read

Business

Renfe and EFE Sign MoU to Study Potential Future Cooperation

Spanish railway operator Renfe signed a cooperation agreement with the Chilean state railway company, EFE. The Memorandum of Understanding aims at materialising future collaborations.

Lubomir Cech May 17, 2023 · 1 min read

Business

Rohlig SUUS: New MoB for Central and Eastern Europe

Rohlig SUUS Logistics, Poland's largest logistics operator, has appointed Artur Malarski as a new member of the board, responsible for the development of foreign companies in Central and Eastern European markets.

Karel Novak May 16, 2023 · 2 min read

Business

LeShuttle: New Name for the Eurotunnel Rail Shuttle Service

Getlink, a company that manages and operates the Channel Tunnel between the UK and France, is rebranding its shuttle train service, now to be known as LeShuttle.

Lubomir Cech May 15, 2023 · 2 min read

Business

Ukrzaliznytsia and VTG: intermodal transport between Ukraine and European countries

Within the framework of the international exhibition Transport logistic 2023 in Munich, the delegation of JSC Ukrzaliznytsia signed a MoU with the German logistics company VTG.

Karel Novak May 15, 2023 · 2 min read

Business

Strike Three Averted: EVG Calls off the Announced 2-day Strike on German Railways

After DB filed an urgent application in court and EVG's wage demands were met, the unions called off the announced two-day strike scheduled for Sunday night.

Lubomir Cech May 13, 2023 · 2 min read

Business

Approved: Chinese company COSCO takes 24.9% share in operations in Hamburg's CTT

The German government has approved the purchase of share in operations of a container terminal in the port of Hamburg, amid a political controversy over Chinese investment.

Karel Novak May 11, 2023 · 2 min read

Business

Railpool with a New Majority Shareholder: GIC

GIC, one of the three investment entities managing the government reserves of Singapore, has become a majority shareholder of a leading European electric locomotives leasing company, Railpool.

Lubomir Cech May 5, 2023 · 2 min read

Business

Reichmuth Infrastructure expands its cooperation with Rail Innovators Group

The Rail Innovators Group (RIG) has expanded its cooperation with Reichmuth Infrastructure (Reichmuth) by acquiring a 49% stake in RIG's wagon leasing subsidiary Railrelease.

Karel Novak May 5, 2023 · 2 min read

Business

GCRE and Talgo team up to deliver net-zero railway innovation in the UK

GCRE has received its first rail carriage from train manufacturer Talgo, marking the start of a long-term partnership between the two companies. The carriage will be based at the south Wales site and transformed into a visitor's center while the GCRE facility is under construction.

Marketa Horpeniakova May 1, 2023 · 2 min read

Business

Port of Rotterdam 1Q2023: Slight decline in freight throughput

In the first quarter of 2023, the port of Rotterdam handled 1.5% less goods than in the same period last year. A total of 111.7 million tonnes were handled, compared with 113.4 million tonnes in the same period in 2022.

Karel Novak April 25, 2023 · 3 min read

Business

Green Cargo: new interim CEO

Green Cargo's Board of Directors has appointed Peter Viinapuu as interim CEO of Green Cargo AB. He will take up his position on 17 April and will serve until Henrik Dahlin takes over as permanent CEO on 16 September at the latest.

Karel Novak April 14, 2023 · 1 min read