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Rhenus acquires majority stake in Crossrail GERMAN logistics company Rhenus Group has concluded an agreement to acquire a 50.1% stake in Swiss open-access railfreight operator Crossrail for an undisclosed sum.
ghana-to-launch-eastern-rail-project-this-year
GHANA's junior transport minister Ms Joyce Mogtari says that a contract to rebuild the 330km eastern railway corridor will be awarded by the end of the year. The project involves reconstruction of the 1067mm-gauge railway,...
vossloh-secures-euro-4000-orders
VOSSLOH Spain has secured orders worth more than €40m for 12 Euro 4000 six-axle diesel locomotives, which will be used by railfreight operators in France. Eight of the locomotives will be delivered to VFLI, a subsidiary...
nordcargo-becomes-db-schenker-rail-italia
ITALIAN open-access railfreight operator Nordcargo has been rebranded DB Schenker Rail Italia, bringing it into line with other DB Schenker Rail subsidiaries outside Germany. DB Schenker Rail Italia is the second-largest railfreight operator in Italy, and...
record-canadian-national-freight-volumes
CANADIAN National (CN) has reported a net profit of $C 3.17bn ($US 2.55bn) in 2014, compared with $C 2.61bn in 2013. Operating income rose last year by 19% compared with the previous year to $C...
another-record-year-for-norfolk-southern
NORFOLK Southern (NS) announced its annual results on January 26, revealing record revenues for the fourth consecutive year despite a continued downturn in the coal business. Railway operating revenues increased 3% to reach $US 11.6bn, driven...
po-expands-rotterdam-rail-hub
P&O Ferries announced on January 23 that it will begin work soon on a project to expand its rail hub at Rotterdam Europoort which aims to accommodate burgeoning traffic at the terminal. Railfreight volumes through the...
union-pacific-net-earnings-up-18-in-2014
UNION Pacific (UP) increased net earnings by 18% to $US 5.2bn last year, up from $US 4.4bn in 2013, while it says operating income was also up 18% at $US 8.8bn. Freight income was 9%...
bnsf-reveals-details-of-$us-6bn-2015-capital-plan
BNSF Railway has unveiled details of major projects in its $US 6bn 2015 capital programme, the largest planned capital expenditure in the company's history, which was first announced last November. The investments include $US 2.9bn for...
rhenus-acquires-majority-stake-in-crossrail
GERMAN logistics company Rhenus Group has concluded an agreement to acquire a 50.1% stake in Swiss open-access railfreight operator Crossrail for an undisclosed sum. Rhenus says current shareholders LKW Walter, Hupac, Le Jeune Capital Partners, Bertschi...
rdc-acquires-25-stake-in-eurorail
RAILROAD Development Corporation (RDC) announced on January 12 that it has acquired a 25% stake in Belgium-based railfreight operator and logistics company Eurorail. Eurorail and RDC are already working together through their 50:50 RégioRail joint venture,...