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G&W completes Freightliner acquisition GENESEE & Wyoming (G&W) confirmed on March 25 that it has completed the £492m acquisition of approximately 94% of Freightliner Group, Britain, from Arcapita and other shareholders, plus approximately £19m of net debt and capitalised leases.
ge-to-supply-100-locomotives-to-angola
GE Transportation (GE) has secured a contract from AEnergia to supply 100 C30ACi locomotives to Angolan National Railways (INCFA) to boost railfreight services in the country. Manufacturing of the six-axle diesel electric locomotives will take place...
bls-orders-15-siemens-vectron-locos
SWISS freight operator BLS Cargo has confirmed an order for 15 new Siemens Vectron locomotives for use on the Rhine-Alpine corridor between Rotterdam and Melzo in northern Italy. The locomotives will be delivered in three phases...
property-sales-boost-sbb-profits-in-2014
SWISS Federal Railways (SBB) increased its group net profit by 56.6% in 2014 to SFr 373m ($US 259.6m) with growth in all sectors. However, this impressive increase was mainly due to a 55% rise in...
ec-funds-portugal-–-spain-freight-line
THE European Commission has pledged €136m in matching funding from its Cohesion Fund for the development of the standard-gauge freight line from the Portuguese port of Sines to the border town of Elvas. The total cost...
gw-completes-freightliner-acquisition
GENESEE & Wyoming (G&W) confirmed on March 25 that it has completed the £492m acquisition of approximately 94% of Freightliner Group, Britain, from Arcapita and other shareholders, plus approximately £19m of net debt and capitalised...
sro-signs-track-upgrading-contract
SAUDI Railways Organisation (SRO) has awarded a Riyals 160.2m ($US 42.7m) contract to China Railway Construction Corporation (CRCC) for the second phase of a project to upgrade the track on the freight line linking Riyadh,...
bls-cargo-income-down-profits-up
SWISS railfreight operator BLS Cargo announced its annual results on March 17, revealing a 75% increase in profits to SFr 2.5m ($US 2.5m) and a 49% increase in Ebit to SFr 4 million in 2014...
storm-damage-strikes-and-bus-competition-cut-db-profits
GERMAN Rail (DB) recorded a 5.7% reduction in Ebit to €2.1bn in 2014 despite a 1.5% increase in total revenue to €39.7bn. According to DB's CEO Dr Rüdiger Grube, the drop in Ebit was mainly...
rift-valley-railways-must-continue-to-pay-road-levy
THE Kenyan government has told a High Court hearing that Rift Valley Railways (RVR), which has a concession to operate the metre gauge Kenya-Uganda Railway, must continue to pay a road maintenance levy for highway...
reducing-freight-wagon-noise-at-the-source
Freight wagons remain the source of high levels of ­noise despite European legislation prohibiting the use of cast-iron brake blocks on new wagons. Dr Martin Toward, Dr Giacomo Squicciarini, and Professor David Thompson from the...